Shares of Analog Devices, Inc. (NASDAQ:ADI) opened at $109, and ended 1.45% higher at $110.18. Nearly 3580603 shares were traded by the close, higher than its average daily volume of 3126100 shares.

Analog Devices, Inc. (ADI) Analyst Opinion

Analog Devices, Inc. is currently rated as outperform by 21 stock analysts, with the company still having around 2.24% shares outstanding that can be sold short legally. The value of their shares went up by 3.15% last month. Over the course of a year, the stock has grown by 28.37%. Financial analysts are becoming more bullish than ever, with the 12 analysts who cover the activities of ADI advising investors to buy. Experts on Wall Street have set a price target of $114.53 for the stock. The decision was arrived after looking at their 3.95% gain from current levels. At the moment, Analog Devices, Inc. (ADI) trading price is around -0.42% below its 52-week high.

Analog Devices, Inc. Earnings Surprise

Analog Devices, Inc. (ADI) was successful in overcoming the expected $1.28 as the stock recorded an earnings of $1.33 a piece during their last financial report presentation. Revenue, meanwhile, had a distance of -5.41% from the previous quarter, with the company recording $1.51 billion in revenue.

Analog Devices, Inc. (NASDAQ:ADI) Intraday View

The shares of Analog Devices, Inc. (NASDAQ:ADI) have struggled and recovered 43.8% ever since it recorded its 52 week low. During the course of 5 days, the stock price volatility has remained at 1.86%, increasing the time frame to a month, the volatility recorded was 1.68%. The price of their shares has been successful in staying above its 20 day-moving average, staying at a distance of 2.43% and while its 50-day moving average is around 9.23%. In a look at the previous five trading session ADI stock has returned 1.78% and has spiked 16.73% when compared to its 200-day moving average that is $92.7. Analog Devices, Inc. (ADI) will look to keep its 18.84% increase that it witnessed in the past year.

As the normal trading session ended, the stock of Steelcase Inc. (NYSE:SCS), fetched in a $0.19 spike to $15.3. The session began with the stock price at $15.59, hitting a high of $15.94 before down again. For the week, analysts seem to be okay with their neutral with the consensus call staying at 2.5. Steelcase Inc. gets 0 buy analyst recommendations while 2 recommend a hold and 0 rated it as a sell. The shares of the company tumbled -20.93% from its high $19.35, with their overall market value now roughly $1.79 billion.

Steelcase Inc. (SCS) Consensus Price Target

The mean recommendation of SCS on Reuter’s scale remained unchanged from 2.5 to 2.5 within 30 days. This figure implies that the majority of analysts rate it as a hold. The price target for Steelcase Inc. (NYSE:SCS) is now around $18.67 a share, implying the stock has what it takes to grow by 22.03%. The recent trading session also indicated the stock needs to add 37.25% more meet analysts’ high consensus price target.

Steelcase Inc. (NYSE:SCS) Intraday Trading

The current trading volume of the company was 3107597 shares during the last session. That compares with the recent average volume of 2031640 shares. By the end of the regular trading session, the price volatility over a 1-week span was 6.05 % while over a month it stood at 2.68%. The stock price of SCS dropped to $15.26 during the day and at a certain time in 12 months it traded as low as $13.1. It has made a 16.79% recovery since its 52-week low point and has returned 3.17% year-to-date. [T3]