Wall Street Stock Recommendations: Office Depot, Inc. (ODP), SendGrid, Inc. (SEND)

Office Depot, Inc. (NASDAQ:ODP) was more active in the last trading session as around 6.11 million shares exchanged hands on Wall Street, representing an increase from its normal capacity of 5.28 million shares. A 4.98% change after the initial price of $3.28, sent the closing price to $3.37.

Office Depot, Inc. (ODP) Analyst Opinion

Office Depot, Inc. has a consensus hold rating from 8 Wall Street analysts, and the number of shares currently sold short amount to at least 3.52% of shares outstanding. The stock spiked 5.64% last month and is down -25.44 this year. Wall Street is only getting more bearish on the stock, with 1 of analysts who cover ODP having a buy-equivalent rating. Analysts have placed a $4.1 price target on Office Depot, Inc., suggesting a 21.66% gain from recent close. It’s currently trading about -46.12% below its 52-week high.

Office Depot, Inc. Earnings Surprise

Office Depot, Inc. (ODP) surprised the stock market in its last reported earnings when it earned $0.14 a piece versus the consensus-estimated $0.13. Its revenue totaled $2.61 billion up 10.47% from the previous quarter.

Office Depot, Inc. (NASDAQ:ODP) Intraday View

This stock (ODP) is ahead of its 52-week low with 13.47%. Its last month’s stock price volatility remained 5.83% which for the week stands at 4.71%. The share price has moved forward from its 20 days moving average, trading at a distance of 4.76% and stays -6.62% away from its 50 days moving average. Over the last five days, shares have managed 5.97% gains and now is down -27.2% since hitting its 200-day moving average of $4.57. Office Depot, Inc. (ODP) has made its way to a 12-month decline of -30.37%.

Turning to SendGrid, Inc. (NYSE:SEND), its shares were trading at $19.9 a retreat of $-1.18, on the trading floor. The stock, after opening at $21.24, touched a high of $21.4 before paring much of its gains. So far, analysts are sticking with their bullish recommendations with the consensus call at 0. SendGrid, Inc. tumbled -10.4% from its high of $22.21 to a $811.72 million market value through last close.

SendGrid, Inc. (NYSE:SEND) Intraday Trading

The counter witnessed a trading volume of 0.3 million shares versus an average volume of 1.13 million shares during last trading session. Its last month’s stock price volatility remained 6.79%. The lowest price the stock reached in the last trading day was $19.63 and compares with the $17.50 52-week low. The stock recovered 13.71% since its low point and has performed 10.56% year-to-date.

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