Optimism reigned on a dull-volume day for The Meet Group, Inc. (NASDAQ:MEET) which added $0.11 between open and close. The number of shares traders wanted to buy or sell MEET was around 1215366 shares compared with the full-day average over the past 5 days of 2222220 shares. As the opening bell rang the price was $3.54 but as the trading finished, the stock escalated, wrapping up with a gain of 5.19%. Its shares finally traded at $3.65 a share.The Meet Group, Inc. (MEET): A -21.17% Dop In This Year — But Still Has Room To Grow 110.14%
According to 4 stock analysts, The Meet Group, Inc., is being kept at an average Buy, rating, with at least 17.45% of shares outstanding that are currently legally short sold. The shares of the corporation went down by -14.12% during the previous month. So far this year, the stock had gone down by -21.17%. With these types of results, analysts are more optimistic than before, leading 4 of analysts who cover The Meet Group, Inc. (NASDAQ:MEET) to advise their clients to include it in their buy candidate list. However, on the Street, the shares for the company have been tagged a $7.67 price target, indicating that the shares will rally 110.14% from its current levels. At the moment, the stock is trading for about -41.79% less than its 52-week high.
Revenue for the most recent quarter grew by -8.88% from the last quarter, totaling $47.8 million.MEET Is -3.39% Away From SMA20
The shares of the company (MEET) staged the smart recovery and have roared back some 19.67% after stumbling to its new 52-weeks low. The share price volatility of the stock remained at 9.13% for the week and by increasing the timeframe to a month, the volatility stood at 5.88%. As for the share price, it has gone below the 20 days moving average and is now hovering within a distance of -3.39%. Currently the price is sitting at -19.38% lower than its 50 days moving average. Analyzing the last five market sessions, the stock was able to report 2.24% gains, thus going down by -24.29%, compared with its 200-day moving average of $4.9495.
China Pharma Holdings, Inc. (CPHI) was also brought into the spotlight with a -$0.02 drop. As the regular session came to an end, the price changed by -6.45% to $0.29. The trading of the day started with the price of the stock at $0.3147. However, at one point, in the middle of the day, the price touched a high of $0.3147 before it finally returned some of the gains. Analyzing CPHI this week, analysts seem to be content with keeping to their neutral forecast call at 2. China Pharma Holdings, Inc. tumbled -65.83% from their most recent record high of $0.84 and now hold $12.73 million in market value of equity.China Pharma Holdings, Inc. (CPHI) Returns 11.5% This Year
The company during the last trade was able to reach a volume of 356977 shares. That activity is comparable to their recent volume average trend of nearly 678280 shares which they recorded over a period of one week. The stock price volatility for last week at the close of regular trading was 12.29%, pushing the figure for the whole month to now reaching 12.08%. China Pharma Holdings, Inc. price was kept to a minimum $0.285 in intra-day trade and has returned 11.5% this year alone. At a certain point in the past four quarters, the shares traded as low as $0.19 but made a 51.05% recovery since then. [T5]