Analyst Stance On Two Stocks: Nuance Communications, Inc. (NUAN), Scorpio Tankers Inc. (STNG)

The recently concluded session had traders exchanging Nuance Communications, Inc. (NASDAQ:NUAN) high level. Roughly 3.6 million shares changed hands compared to the three-month volume average 2.86 million shares. The first trade took place at $17.97 and the stock went down -3.12% to attain the closing price of $17.4.

Nuance Communications, Inc. (NUAN) Analyst Opinion

Nuance Communications, Inc. has a consensus outperform rating from 6 Wall Street analysts, and the number of shares currently sold short amount to at least 1.76% of shares outstanding. The stock spiked 8.07% last month and is up 6.42 this year. Wall Street is only getting more bullish on the stock, with 5 of analysts who cover NUAN having a buy-equivalent rating. Analysts have placed a $22 price target on Nuance Communications, Inc., suggesting a 26.44% gain from recent close. It’s currently trading about -12.69% below its 52-week high.

Nuance Communications, Inc. Earnings Surprise

Nuance Communications, Inc. (NUAN) surprised the stock market in its last reported earnings when it earned $0.27 a piece versus the consensus-estimated $0.26. Its revenue totaled $505.87 million up 6.58% from the previous quarter.

Nuance Communications, Inc. (NASDAQ:NUAN) Intraday View

This stock (NUAN) is ahead of its 52-week low with 24.11%. Its last month’s stock price volatility remained 3.89% which for the week stands at 2.61%. The share price has moved forward from its 20 days moving average, trading at a distance of 5.29% and stays 2.62% away from its 50 days moving average. Over the last five days, shares have managed 6.68% gains and now is up 4.93% since hitting its 200-day moving average of $16.11. Nuance Communications, Inc. (NUAN) has made its way to a 12-month gain of 1.81%.

Turning to Scorpio Tankers Inc. (NYSE:STNG), its shares were trading at $2.2 a retreat of $-0.05, on the trading floor. The stock, after opening at $2.26, touched a high of $2.2874 before paring much of its gains. So far, analysts are sticking with their bullish recommendations with the consensus call at 1.9. Scorpio Tankers Inc. has 6 buy ratings, 2 holds and 0 sells even after the stock tumbled -54.07% from its high of $ 4.79 to a $719.36 million market value through last close.

Scorpio Tankers Inc. (STNG) Consensus Price Target

The company’s consensus rating on Reuter’s scale remained unchanged from 1.73 to 1.73 during a month. Analysts set a 12-month price target of $4.47 a share. The target implies a 103.18% spike from where the shares are currently trading. Also, the current price highlights a discount of 172.73% to analysts’ high consensus price target.

Scorpio Tankers Inc. (NYSE:STNG) Intraday Trading

The counter witnessed a trading volume of 2.86 million shares versus an average volume of 3.96 million shares during last trading session. Its last month’s stock price volatility remained 3.9% which for the week approaches 4.5%. The lowest price the stock reached in the last trading day was $2.2 and compares with the $2.19 52-week low. The stock recovered 0.46% since its low point and has performed -27.87% year-to-date.

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