Big changes are happening at Restoration Robotics, Inc. (NASDAQ:HAIR), which makes the stock worth watching today. The company is among the top losers of the stock market today, sinking -3.93% or (-0.03 points) to $0.62 from its previous close of $0.65. Does this decline mean it the best stock to buy right now? The shares seem to have an active trading volume day with a reported 221476 contracts so far this session. HAIR shares had a relatively better volume day versus average trading capacity of 993.94 thousand shares, but with a 38.29 million float and a -7.49% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for HAIR stock indicates that the average analyst price target is $1.25 per share. This means the stock has a potential increase of 101.61% from where the HAIR share price has been trading recently which is between $0.6203 and $0.6597. There are some brokerage firms that offer lower targets than the average, with one of them, even setting their price target at $1.
The shorts are climbing into Restoration Robotics, Inc. (HAIR) stock. The latest set of short interest data was released on 29 March 2019, and the numbers show a rise in short interest in HAIR shares. While short interest still represents only 3.69% of HAIR’s float, the number of shares shorted have risen by 30089. The number of shares shorted advanced to 1442746 shares, up from 1412657 shares during the preceding fortnight. With average daily trading volumes at 922505 shares, days to cover increased to about 1 days. The most recent news story about the stock that appeared in Yahoo Finance‘s news section was titled “Restoration Robotics® Announces First Ever Solo ARTAS iX Surgery by the First Female Physician to Purchase ARTAS iX System” and dated March 25, 2019.
During the recent trading session for Restoration Robotics, Inc. (NASDAQ:HAIR), the company witnessed their stock drop by $-0.05 over a week and tumble down $-0.23 from the price 20 days ago. When compared to their established 52-week high of $5.44, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 04/16/18. The recent low of $0.35 stood for a -88.56% since 12/24/18, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 0 is also allocated to the stock. Since the beta is less than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.
Looking at the current readings for Restoration Robotics, Inc., the two-week RSI stands at 40.99. This figure suggests that HAIR stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current HAIR readings is similarly very revealing as it has a stochastic reading of 36.37% at this stage. This figure means that HAIR share price today is being neutral.
Technical chart claims that Restoration Robotics, Inc. (HAIR) would settle between $0.66/share to $0.68/share level. However, if the stock price goes below the $0.63 mark, then the market for Restoration Robotics, Inc. becomes much weaker. If that happens, the stock price might even plunge as low as $0.6 for its downside target. The stock is currently in the red zone of MACD, with the indicator reading -0.02. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.
Analysts at William Blair lowered their recommendation on shares of HAIR from Outperform to Mkt Perform in their opinion released on March 18. ROTH Capital, analysts launched coverage of Restoration Robotics, Inc. (NASDAQ:HAIR) stock with a Buy recommendation, according to their flash note issued to investors on December 15.
HAIR equity has an average rating of 2.75, with the figure leaning towards a bullish end. 4 analysts who tracked the company were contacted by Reuters. Amongst them, 3 rated the stock as a hold while the remaining 1 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while no rated it as a sell. 1 analysts rated Restoration Robotics, Inc. (NASDAQ:HAIR) as a buy or a strong buy while not a single analyst advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.
Moving on, HAIR stock price is currently trading at 0X forward 12-month Consensus EPS estimates, and its P/S ratio is 1.2 while for the average stock in the same group, the multiple is 11.57.
Restoration Robotics, Inc. (HAIR)’s current-quarter revenues are projected to climb by nearly 18.3% to hit $5.93 million, based on current Zacks Consensus Estimate. The firm’s full-year revenues are expected to expand by over 24.07% from $21.96 million to a noteworthy $27.24 million. At the other end of the current quarter income statement, Restoration Robotics, Inc. is expected to see its adjusted earnings surge by roughly 26.92% to hit $-0.19 per share. For the fiscal year, HAIR’s earnings are projected to climb by roughly 25.58% to hit $-0.64 per share.