Analyst Stance On Two Stocks: Boingo Wireless, Inc. (WIFI), WildHorse Resource Development Corporation (WRD)

The recently concluded session had traders exchanging Boingo Wireless, Inc. (NASDAQ:WIFI) low level. Roughly 0.36 million shares changed hands compared to the three-month volume average 0.46 million shares. The first trade took place at $25.26 and the stock went down -0.4% to attain the closing price of $25.17.

Boingo Wireless, Inc. (WIFI) Analyst Opinion

Boingo Wireless, Inc. has a consensus outperform rating from 9 Wall Street analysts, and the number of shares currently sold short amount to at least 2.62% of shares outstanding. The stock spiked 11.57% last month and is up 106.48 this year. Wall Street is only getting more bullish on the stock, with 8 of analysts who cover WIFI having a buy-equivalent rating. Analysts have placed a $24.69 price target on Boingo Wireless, Inc., suggesting a -1.91% decline from recent close. It’s currently trading about -3.16% below its 52-week high.

Boingo Wireless, Inc. Earnings Surprise

Boingo Wireless, Inc. (WIFI) surprised the stock market in its last reported earnings when it earned -$0.09 a piece versus the consensus-estimated -$0.12. Its revenue totaled $50.35 million up 2.69% from the previous quarter.

Boingo Wireless, Inc. (NASDAQ:WIFI) Intraday View

This stock (WIFI) is ahead of its 52-week low with 140.63%. Its last month’s stock price volatility remained 4.52% which for the week stands at 4.61%. The share price has moved forward from its 20 days moving average, trading at a distance of 9.3% and stays 13.57% away from its 50 days moving average. Over the last five days, shares have managed 13.48% gains and now is up 48.85% since hitting its 200-day moving average of $18.78. Boingo Wireless, Inc. (WIFI) has made its way to a 12-month gain of 112.23%.

Turning to WildHorse Resource Development Corporation (NYSE:WRD), its shares were trading at $16.4 a gain of $0.2, on the trading floor. The stock, after opening at $16.34, touched a high of $16.55 before paring much of its gains. So far, analysts are sticking with their bullish recommendations with the consensus call at 1.7. WildHorse Resource Development Corporation tumbled -2.21% from its high of $16.77 to a $1.55 billion market value through last close.

WildHorse Resource Development Corporation (WRD) Consensus Price Target

Analysts set a 12-month price target of $19.38 a share. The target implies a 18.17% spike from where the shares are currently trading. Also, the current price highlights a discount of 52.44% to analysts’ high consensus price target.

WildHorse Resource Development Corporation (NYSE:WRD) Intraday Trading

The counter witnessed a trading volume of 0.36 million shares versus an average volume of 0.48 million shares during last trading session. Its last month’s stock price volatility remained 4.51% which for the week approaches 4.67%. The lowest price the stock reached in the last trading day was $16.18 and compares with the $10.36 52-week low. The stock recovered 58.3% since its low point and has performed 12.33% year-to-date.

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