Over the past 52 weeks SemiLEDs Corporation (NASDAQ:LEDS) has embarked on a drop that has seen it decline -12.15% and is now up by 39.26% since start of this year. The equity price rose 15.34% this week, a trend that has led to both investors and traders taking note of the stock. A look at its monthly performance shows that the stock has recorded a 26.17% gain over the past 30 days. Its equity price climbed by 6.15% over the past three months which led to its overall six-month decrease to stand at -5.29%.
The shares of SemiLEDs Corporation (LEDS) dropped by -57.03% or -$4.99 from its last recorded high of $8.75 which it attained on November 04 to close at $3.76 per share. Over the past 52 weeks, the shares of SemiLEDs Corporation has been trading as low as $2.46 before witnessing a massive surge by 52.85% or $1.3. This price movement has led to the LEDS stock receiving more attention and has become one to watch out for. It dipped by -11.53% on Thursday and this got the market worried. The stock’s beta now stands at 2.98 and when compared to its 200-day moving average and its 50-day moving average, LEDS price stands 1.69% above and 25.01% above respectively. Its average daily volatility for this week is 18.16% which is more than the 8.77% recorded over the past month.
A look at LEDS technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 61.76 point. Its trading volume has lost -82000000 shares compared to readings over the past three months as it recently exchanged 1296264 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 82910000 shares, and this is 0.02 times the normal volume.
The price of Yamana Gold Inc. (NYSE:AUY) currently stands at $2.6 after it went down by $-0.1 or -3.7% and has found a strong support at $2.57 a share. If the AUY price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $2.54 mark would also be bad for the stock as it means that the stock would plunge by 2.31% from its current position. However, if the stock price is able to trade above the resistance point around $2.64, then it could likely surge higher to try and break the upward resistance which stands at $2.68 a share. Its average daily volatility over the past one month stands at 3.96%. The stock has plunged by 0.77% from its 52-weeks high of $2.58 which it reached on Jan. 08, 2018. In general, it is 23.08% above its 52-weeks lowest point which stands at $2 and this setback was observed on Nov. 14, 2018.
Analysts have predicted a price target for Yamana Gold Inc. (AUY) for 1 year and it stands at an average $3.44/share. This means that it would likely increase by 32.31% from its current position. The current price of the stock has been moving between $2.58 and $2.65. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $2.06. On the other hand, one analyst is super bullish about the price, setting a target as high as $4.53.
The AUY stock Stochastic Oscillator (%D) is at 83.83%, which means that it is currently overbought and its prices could dip very soon. The shares P/S ratio stands at 1.37 which compares to the 3928.37 recorded by the industry or the 12.8 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 14.29, 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 3.8% over the past five years.
Analysts view Yamana Gold Inc. (NYSE:AUY) as a Hold, with 2.6 consensus rating. Reuters surveyed 18 analysts that follow AUY and found that 5 of those analysts rated the stock as a Hold. The remaining 13 were divided, with 11 analyst rating it as a Buy or a Strong Buy while 2 analysts advised investors to desist from buying Yamana Gold Inc. (AUY) shares or sell it if they already own it.
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