Today’s big question for investors is, “what’s going on with Upland Software, Inc. (NASDAQ:UPLD) stock? Its price is jumping 1.65 points, trading at $45.61 levels, and is up 3.75% from its previous close of $43.96. The shares seem to have an active trading volume day with a reported 257299 contracts so far this session. UPLD shares had a relatively better volume day versus average trading capacity of 241.88 thousand shares, but with a 14.5 million float and a 5.14% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for UPLD stock indicates that the average analyst price target is $45.33 per share. This means the stock has a potential decrease of -0.61% from where the UPLD share price has been trading recently which is between $43.83 and $46.55. There are some brokerage firms that offer lower targets than the average, with one of them, even setting their price target at $42.
The shorts are climbing into Upland Software, Inc. (UPLD) stock. The latest set of short interest data was released on 29 March 2019, and the numbers show a rise in short interest in UPLD shares. While short interest still represents only 9.89% of UPLD’s float, the number of shares shorted have risen by 44830. The number of shares shorted advanced to 1434355 shares, up from 1389525 shares during the preceding fortnight. With average daily trading volumes at 264405 shares, days to cover increased to about 3.034553 days. The most recent news story about the stock that appeared in Yahoo Finance‘s news section was titled “Upland Software (UPLD) Earnings Expected to Grow: Should You Buy?” and dated April 25, 2019.
During the recent trading session for Upland Software, Inc. (NASDAQ:UPLD), the company witnessed their stock rise $4.68 over a week and surge $3.98 from the price 20 days ago. When compared to their established 52-week high of $47.37, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 04/23/19. The recent low of $25.12 stood for a -3.72% 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 0.63 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 Upland Software, Inc., the two-week RSI stands at 65.34. This figure suggests that UPLD 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 UPLD readings is similarly very revealing as it has a stochastic reading of 72.07% at this stage. This figure means that UPLD share price today is being oversold.
Technical chart claims that Upland Software, Inc. (UPLD) would settle between $45.73/share to $47.5/share level. However, if the stock price goes below the $43.01 mark, then the market for Upland Software, Inc. becomes much weaker. If that happens, the stock price might even plunge as low as $42.06 for its downside target. The stock is currently in the green zone of MACD, with the indicator reading 2.27. 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 Needham lifted target price for shares of UPLD but were stick to Buy recommendation for the stock in their opinion released on March 08. The price target has been raised from $40 to $45. ROTH Capital analysts bumped their rating on Upland Software, Inc. (NASDAQ:UPLD) stock from Neutral to Buy in a separate flash note issued to investors on August 09. Analysts at Needham are sticking to their Buy stance. However, on August 09, they lifted price target for these shares to $40 from $37.
UPLD equity has an average rating of 1.71, with the figure leaning towards a bullish end. 7 analysts who tracked the company were contacted by Reuters. Amongst them, 0 rated the stock as a hold while the remaining 7 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. 7 analysts rated Upland Software, Inc. (NASDAQ:UPLD) 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, UPLD stock price is currently trading at 19.91X forward 12-month Consensus EPS estimates, and its P/S ratio is 5.47 while for the average stock in the same group, the multiple is 5.19.
Upland Software, Inc. (UPLD)’s current-quarter revenues are projected to climb by nearly 52.65% to hit $48.27 million, based on current Zacks Consensus Estimate. The firm’s full-year revenues are expected to expand by over 36.32% from $149880 to a noteworthy $204320. At the other end of the current quarter income statement, Upland Software, Inc. is expected to see its adjusted earnings surge by roughly 40.54% to hit $0.52 per share. For the fiscal year, UPLD’s earnings are projected to climb by roughly 21.76% to hit $2.07 per share.