With 3.21 million shares changed hands, the volume of the stock remained lighter than its average volume of 4.33 million shares. During the session, the Software – Infrastructure company that operates in wider Technology sector, reached to the highest price of $27.905 whereas the lowest price it dropped to was $27.21. The 52-week range on S shows that it touched its highest point at $30.76 and its lowest point at $14.33 during that stretch. It currently has a 1-year price target of $29.75. Beta for the stock currently stands at 0.67.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of S was down-trending over the past week, with a drop of -1.97%, but this was up by 5.27% over a month. Three-month performance surged to 18.08% while six-month performance rose 23.41%. The stock gained 59.72% in the past year, while it has lost -0.29% so far this year. A look at the trailing 12-month EPS for S yields -0.92 with Next year EPS estimates of 0.20. For the next quarter, that number is 0.01. This implies an EPS growth rate of 111.95% for this year and 502.13% for next year. EPS is expected to grow by 35.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -43.89%.
Float and Shares Shorts:
At present, 269.78 million S shares are outstanding with a float of 267.70 million shares on hand for trading. On 2024-10-31, short shares totaled 12.1 million, which was 381.0 higher than short shares on 1727654400. In addition to Mr. Tomer Weingarten as the firm’s Co-Founder, Chairman, President & CEO, Mr. Richard Smith Jr. serves as its Chief Product & Technology Officer.
Institutional Ownership:
Through their ownership of 0.80781 of S’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-07-31, S reported revenue of $198937000.0 and operating income of -$79381000.0. The EBITDA in the recently reported quarter was -$56530000.0 and diluted EPS was -$0.22.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for S since 28 analysts follow the stock currently. There are 16 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 11 believe that the stock is worth HOLDING, 1 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With S analysts setting a high price target of 35.0 and a low target of 22.0, the average target price over the next 12 months is 29.23733. Based on these targets, S could surge 27.92% to reach the target high and fall by -19.59% to reach the target low. Reaching the average price target will result in a growth of 6.86% from current levels.
Analysts have provided yearly estimates in a range of -$0.27093 being high and -$0.29996 being low. For S, this leads to a yearly average estimate of -$0.29028. The surprise factor in the prior quarter was -$0.27. Based on analyst estimates, the high estimate for the next quarter is -$0.16 and the low estimate is -$0.25. The average estimate for the next quarter is thus -$0.2.
