SeaChange International, Inc. (NASDAQ:SEAC) current P/S is an impressive 0.92. The overall Application Software group has an average P/S ratio of 9.59, which is significantly better than the sector’s 20.84. In the past 13-year record, this ratio went down as low as 0.62 and as high as 3.13. Also, it is up from 79% of the total 2268 rivals across the globe.
SEAC traded at an unexpectedly low level on 06/21/2019 when the stock experienced a 2.19% gain to a closing price of $1.4. The company saw 0.26 million shares trade hands over the course of the day. Given that its average daily volume over the 5 sessions has been 126.44 million shares a day, this signifies a pretty significant change over the norm.
Analysts are speculating a -10.71% move, based on the high target price ($1.25) for the shares that is set to reach in the next 12 months. The analysts, on average, are forecasting a $1.25 price target, but the stock is already up 23.9% from its recent lows. However, the stock is trading at -59.65% versus recent highs ($3.47). Analysts believe that we could see stock price minimum in the $1.25 range (lowest target price), allowing for another -10.71% drop from its current position. Leading up to this report, we have seen a 17.65% rise in the stock price over the last 30 days and a 2.19% increase over the past 3 months. Overall, the share price is up 11.11% so far this year. Additionally, the stock had a day price range of $1.316 to $1.42.SeaChange International, Inc. (SEAC) Price Potential
Heading into the stock price potential, SeaChange International, Inc. by far traveled -10.71% after crossing its median price target of $1.25. In order to determine directional movement, the 50-day and 200-day moving averages for SeaChange International, Inc. (NASDAQ:SEAC) are $1.3021 and $1.4317. Given that liquidity is king in the short-term, SEAC is a stock with 35.86 million shares outstanding that normally trades 0.53% of its float. The stock price recently experienced a 5-day loss of -2.1% with 0.1 average true range (ATR). SEAC has a beta of 0.84 and RSI is 55.02.
Investors also need to beware of the Cognizant Technology Solutions Corporation (NASDAQ:CTSH) valuations. The stock trades on a P/S of 3.08, which suggests that the shares are not attractive compared with peers. The broad Information Technology Services industry has an average P/S ratio of 2.58, which is significantly worse than the sector’s 2.55. In the past 13-year record, this ratio went down as low as 1.76 and as high as 5.24. Also, it is down from 51% of the total 2268 rivals across the globe.Cognizant Technology Solutions Corporation (CTSH)’s Lead Over its Technicals
Cognizant Technology Solutions Corporation by far traveled 13.63% versus a 1-year low price of $56.73. The share price was last seen 0.45% higher, reaching at $64.46 on Jun. 21, 2019. At recent session, the prices were hovering between $63.86 and $64.72. This company shares are 5.93% off its target price of $68.28 and the current market capitalization stands at $36.53B. The recent change has given its price a -0.34% deficit over SMA 50 and -22.66% deficit over its 52-week high. The stock witnessed 4.81% gains, -9.07% declines and 0.36% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found CTSH’s volatility during a week at 2.13% and during a month it has been found around 1.81%.
Cognizant Technology Solutions Corporation (CTSH) exchanged hands at an unexpectedly high level of 8.78 million shares over the course of the day. Noting its average daily volume at 5.87 million shares each day over the month, this signifies a pretty significant change over the norm.Cognizant Technology Solutions Corporation Target Levels
The market experts are predicting a 24.11% rally, based on the high target price of $80 for Cognizant Technology Solutions Corporation shares that is likely to be hit in the 52 weeks. Analysts anticipate that traders could see stock price minimum in the $57 range (lowest target price). If faced, it would be a -11.57% drop from its current position. Overall, the share price is up 1.54% year to date [T2].