With 0.52 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.67 million shares. The 52-week range on MTSI shows that it touched its highest point at $152.50 and its lowest point at $84.21 during that stretch. It currently has a 1-year price target of $148.15. Beta for the stock currently stands at 1.73.
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 MTSI was down-trending over the past week, with a drop of -3.13%, but this was down by -18.33% over a month. Three-month performance dropped to -4.80% while six-month performance rose 11.85%. The stock gained 40.75% in the past year, while it has lost -8.19% so far this year. A look at the trailing 12-month EPS for MTSI yields -1.43 with Next year EPS estimates of 4.06. For the next quarter, that number is 0.84. This implies an EPS growth rate of 34.68% for this year and 17.89% for next year.
Float and Shares Shorts:
At present, 74.36 million MTSI shares are outstanding with a float of 62.65 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for MTSI since 8 analysts follow the stock currently. There are 8 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 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.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $2.57502 being high and $2.53494 being low. For MTSI, this leads to a yearly average estimate of $2.565. Based on analyst estimates, the high estimate for the next quarter is $0.93 and the low estimate is $0.86. The average estimate for the next quarter is thus $0.88.
