Over the past 52 weeks, the shares of RLJ Lodging Trust (NYSE:RLJ) has been trading as low as $15.91 before witnessing a massive surge by 15.96% or $2.54. This price movement has led to the RLJ stock receiving more attention and has become one to watch out for. It jumped by 0.16% on Sunday and this got the market excited. The stock’s beta now stands at 1.43 and when compared to its 200-day moving average and its 50-day moving average, RLJ price stands -7.5% below and 0.11% above respectively. Its average daily volatility for this week is 1.73% which is more than the 1.71% recorded over the past month. The shares of RLJ Lodging Trust dropped by -23.03% or -$5.52 from its last recorded high of $23.97 which it attained on January 06 to close at $18.45 per share.
RLJ Lodging Trust (RLJ) sank -0.49% this week, a trend that has led to both investors and traders taking note of the stock. Over the past one year, the equity price has embarked on a drop that has seen it decline -9.38% and is now up by 12.5% since start of this year. A look at its monthly performance shows that the stock has recorded a 0.99% gain over the past 30 days. Its equity price climbed by 2.1% over the past three months which led to its overall six-month decrease to stand at -10.31%.
Experts from research firms are bullish about the near-term performance of RLJ Lodging Trust with most of them predicting a $21 price target on a short-term (12 months) basis. The average price target by the analysts will see a 13.82% rise in the stock and would lead to RLJ’s market cap to surge to $3.66B. The stock has been rated an average 2.3, which roughly stands towards the bearish end of the spectrum. Reuters looked into the 10 analysts that track RLJ Lodging Trust (NYSE:RLJ) and find out that 5 of them rated it as a Hold. 5 of the 5 analysts rated it as a Buy or a Strong Buy while 0 advised investors to desist from buying the stock or sell it if they already possess it.
A look at RLJ technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 54.08 point. Its trading volume has lost -531339 shares compared to readings over the past three months as it recently exchanged 1078661 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 1610000 shares, and this is 0.67 times the normal volume.
The price of TrueCar, Inc. (NASDAQ:TRUE) currently stands at $6.44 after it went up by $0.01 or 0.16% and has found a strong support at $6.39 a share. If the TRUE price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $6.35 mark would also be bad for the stock as it means that the stock would plunge by 1.4% from its current position. However, if the stock price is able to trade above the resistance point around $6.52, then it could likely surge higher to try and break the upward resistance which stands at $6.61 a share. Its average daily volatility over the past one month stands at 3.06%. The stock has plunged by 0.16% from its 52-weeks high of $6.43 which it reached on Sep. 21, 2018. In general, it is 3.88% above its 52-weeks lowest point which stands at $6.19 and this setback was observed on Mar. 25, 2019.
Analysts have predicted a price target for TrueCar, Inc. (TRUE) for 1 year and it stands at an average $9.04/share. This means that it would likely increase by 40.37% from its current position. The current price of the stock has been moving between $6.43 and $6.56. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $6. On the other hand, one analyst is super bullish about the price, setting a target as high as $13.
The TRUE stock Stochastic Oscillator (%D) is at 25.89%, which means that it is currently oversold and its prices could jump very soon. The shares P/S ratio stands at 1.9 which compares to the 6.14 recorded by the industry or the 24.31 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 31.72, which is higher than the 0 multiple of 12-month price-earnings (P/E). The company’s earnings have gone up, with a quarterly increase rate of 4.7% over the past five years.
Analysts view TrueCar, Inc. (NASDAQ:TRUE) as a Sell, with 3 consensus rating. Reuters surveyed 14 analysts that follow TRUE and found that 11 of those analysts rated the stock as a Hold. The remaining 3 were divided, with 1 analyst rating it as a Buy or a Strong Buy while 2 analysts advised investors to desist from buying TrueCar, Inc. (TRUE) shares or sell it if they already own it.
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