The Spectranetics Corporation (NASDAQ:SPNC) last session’s volume of 2.09 million shares was higher than its average volume of 1.16 million shares. The stock, after opening at $38.35, hit $38.35 through the close by scoring -0.13%.The Spectranetics Corporation (SPNC) Analyst Opinion
The Spectranetics Corporation has a consensus outperform rating from 10 Wall Street analysts, and the number of shares currently sold short amount to at least 11.96% of shares outstanding. The stock spiked 40.99% last month and is up 56.53 this year. Wall Street is only getting more bullish on the stock, with 6 of analysts who cover SPNC having a buy-equivalent rating. Analysts have placed a $34.95 price target on The Spectranetics Corporation, suggesting a -8.87% decline from recent close. It’s currently trading about -0.39% below its 52-week high.The Spectranetics Corporation Earnings Surprise
The Spectranetics Corporation (SPNC) failed to surprise the stock market in its last reported earnings when it earned -$0.35 a piece versus the consensus-estimated -$0.34. Its revenue totaled $68.24 million down -5.13% from the previous quarter.
This stock (SPNC) is ahead of its 52-week low with 93.69%. Its last month’s stock price volatility remained 0.13% which for the week stands at 2.73%. The share price has moved forward from its 20 days moving average, trading at a distance of 17.85% and stays 28.68% away from its 50 days moving average. Over the last five days, shares have faced -0.13% losses and now is up 44.69% since hitting its 200-day moving average of $27.36. The Spectranetics Corporation (SPNC) has made its way to a 12-month gain of 89.48%.
Turning to Morgan Stanley (NYSE:MS), its shares were trading at $45.99 a retreat of $-0.06, on the trading floor. The stock, after opening at $45.95, touched a high of $46.24 before paring much of its gains. So far, analysts are sticking with their neutral recommendations with the consensus call at 2.3. Morgan Stanley has 6 buy ratings, 10 holds and 1 sells even after the stock tumbled -2.83% from its high of $47.33 to a $85.13 billion market value through last close.Morgan Stanley (MS) Consensus Price Target
The company’s consensus rating on Reuter’s scale improved from 2.24 to 2.26 during a month. Analysts set a 12-month price target of $48.58 a share. The target implies a 5.63% spike from where the shares are currently trading. Also, the current price highlights a discount of 30.46% to analysts’ high consensus price target.Morgan Stanley (NYSE:MS) Intraday Trading
The counter witnessed a trading volume of 5.32 million shares versus an average volume of 9.77 million shares during last trading session. Its last month’s stock price volatility remained 1.53% which for the week approaches 1.82%. The lowest price the stock reached in the last trading day was $45.8 and compares with the $26.03 52-week low. The stock recovered 76.68% since its low point and has performed 8.85% year-to-date.