With 1.44 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.17 million shares. The 52-week range on SSL shows that it touched its highest point at $8.40 and its lowest point at $2.78 during that stretch. It currently has a 1-year price target of $8.67. Beta for the stock currently stands at 0.82.
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 SSL was up-trending over the past week, with a rise of 9.24%, but this was up by 40.16% over a month. Three-month performance surged to 19.54% while six-month performance rose 3.59%. The stock lost -20.12% in the past year, while it has gained 14.04% so far this year. A look at the trailing 12-month EPS for SSL yields -4.04 with Next year EPS estimates of 1.85. For the next quarter, that number is 0.71. This implies an EPS growth rate of 45.02% for this year and 25.09% for next year.
Float and Shares Shorts:
At present, 642.14 million SSL shares are outstanding with a float of 629.98 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 SSL since 1 analysts follow the stock currently. There are 1 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 $43.28173 being high and $36.33937 being low. For SSL, this leads to a yearly average estimate of $38.912.
