Viveve Medical, Inc. (NASDAQ:VIVE) current P/S is an impressive 10.45. The overall Medical Appliances & Equipment group has an average P/S ratio of 13.13, which is significantly worse than the sector’s 8.44.
VIVE traded at an unexpectedly low level on 06/26/2019 when the stock experienced a 1.62% gain to a closing price of $0.4. The company saw 1.01 million shares trade hands over the course of the day. Given that its average daily volume over the 5 sessions has been 923.84 million shares a day, this signifies a pretty significant change over the norm.
Analysts are speculating a 1087.5% move, based on the high target price ($4.75) for the shares that is set to reach in the next 12 months. The analysts, on average, are forecasting a $3.03 price target, but the stock is already up 14.69% from its recent lows. However, the stock is trading at -89.18% versus recent highs ($3.71). Analysts believe that we could see stock price minimum in the $1 range (lowest target price), allowing for another 150% jump from its current position. Leading up to this report, we have seen a -31.97% fall in the stock price over the last 30 days and a -60.06% decline over the past 3 months. Overall, the share price is down -61.77% so far this year. Additionally, the stock had a day price range of $0.4 to $0.43.Viveve Medical, Inc. (VIVE) Price Potential
Heading into the stock price potential, Viveve Medical, Inc. needs to grow just 650% to cross its median price target of $3. In order to determine directional movement, the 50-day and 200-day moving averages for Viveve Medical, Inc. (NASDAQ:VIVE) are $0.5132 and $0.8513. Given that liquidity is king in the short-term, VIVE is a stock with 51.36 million shares outstanding that normally trades 0% of its float. The stock price recently experienced a 5-day loss of -10.42% with 0.06 average true range (ATR). VIVE has a beta of -0.1 and RSI is 39.1.
Investors also need to beware of the Transocean Ltd. (NYSE:RIG) valuations. The stock trades on a P/S of 1.18, which suggests that the shares are attractive compared with peers. The broad Oil & Gas Drilling & Exploration industry has an average P/S ratio of 2.74, which is significantly better than the sector’s 10.85.Transocean Ltd. (RIG)’s Lead Over its Technicals
Transocean Ltd. by far traveled 21.02% versus a 1-year low price of $5.28. The share price was last seen 3.23% higher, reaching at $6.39 on Jun. 26, 2019. At recent session, the prices were hovering between $6.27 and $6.64. This company shares are 93.11% off its target price of $12.34 and the current market capitalization stands at $3.88B. The recent change has given its price a -10.96% deficit over SMA 50 and -55.84% deficit over its 52-week high. The stock witnessed -4.48% declines, -27.47% declines and 0.79% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found RIG’s volatility during a week at 4.95% and during a month it has been found around 5.42%.
Transocean Ltd. (RIG) exchanged hands at an unexpectedly high level of 20.28 million shares over the course of the day. Noting its average daily volume at 15.26 million shares each day over the month, this signifies a pretty significant change over the norm.Transocean Ltd. Target Levels
The market experts are predicting a 369.48% rally, based on the high target price of $30 for Transocean Ltd. shares that is likely to be hit in the 52 weeks. Analysts anticipate that traders could see stock price minimum in the $6.5 range (lowest target price). If faced, it would be a 1.72% jump from its current position. Overall, the share price is down -7.93% year to date [T2].