VeriFone Systems, Inc. (NYSE:PAY)‘s price-to-sales ratio of 1.39 is creating a long-term opportunity in the value in its stock. The broad VeriFone Systems, Inc. industry has an average P/S ratio of 9.6, which is significantly worse than the sector’s 2.81. In the past 13-year record, this ratio went down as low as 0.32 and as high as 4.45. Also, it is up from 56% of the total 1876 rivals across the globe.
PAY traded at an unexpectedly low level on 06/21/2018 when the stock experienced a -0.22% loss to a closing price of $22.84. The company saw 1.5 million shares trade hands over the course of the day. Given that its average daily volume over the 30 days has been 2.79 million shares a day, this signifies a pretty significant change over the norm.
Analysts are speculating a 0.88% move, based on the high target price ($23.04) for the shares that is set to reach in the next 12 months. The analysts, on average, are forecasting a $22.35 price target, but the stock is already up 53.29% from its recent lows. However, the stock is trading at -1.3% versus recent highs ($23.14). Analysts believe that we could see stock price minimum in the $17 range (lowest target price), allowing for another -25.57% drop from its current position. Leading up to this report, we have seen a -0.17% fall in the stock price over the last 30 days and a 35.95% increase over the past 3 months. Overall, the share price is up 28.97% so far this year. Additionally, PAY had a day price range of $22.81 to $22.91.VeriFone Systems, Inc. (PAY) Price Potential
Heading into the stock price potential, VeriFone Systems, Inc. needs to grow just 0.7% to cross its median price target of $23. In order to determine directional movement, the 50-day and 200-day moving averages for VeriFone Systems, Inc. (NYSE:PAY) are $22.84 and $19.43. Given that liquidity is king in short-term, PAY is a stock with 110.49 million shares outstanding that normally trades 4.31% of its float. The stock price recently experienced a 5-day gain of 0.04% with 0.07 average true range (ATR). PAY has a beta of 1.53 and RSI is 52.12.
Investors also need to beware of the HRG Group, Inc. (NYSE:HRG) valuations. The stock trades on a P/S of 0.66, which suggests that the shares are attractive compared with peers. The broad HRG Group, Inc. industry has an average P/S ratio of 2.12, which is significantly better than the sector’s 3719.16. In the past 13-year record, this ratio went down as low as 0.18 and as high as 1.3. Also, it is up from 65% of the total 750 rivals across the globe.
HRG Group, Inc. by far traveled 38.22% versus a 1-year low price of $9.42. The share price was last seen -1.14% lower, reaching at $13.02 on 06/21/2018. At recent session, the prices were hovering between $12.98 and $13.24. This company shares are 68.97% off its target price of $22 and the current market capitalization stands at $2.64B. The recent change has given its price a -0.08% deficit over SMA 50 and -32.15% deficit over its 52-week high. The stock witnessed 3.75% gains, -11.73% declines and -20.32% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found HRG’s volatility during a week at 2.69% and during a month it has been found around 3.13%.
HRG Group, Inc. (HRG) exchanged hands at an unexpectedly low level of 1.31 million shares over the course of the day. Noting its average daily volume at 2.64 million shares each day over the month, this signifies a pretty significant change over the norm.