The biggest gainers of the session on the Wall Street include CyberArk Software Ltd. (NASDAQ:CYBR), which rose 4.4 points or 3.49% to trade at $130.52 as last check. The stock closed last session at $126.12 and sets an active trading volume day with a reported 168267 contracts so far this session. CYBR shares had a relatively better volume day versus average trading capacity of 903.32 thousand shares, but with a 36.13 million float and a -1.75% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for CYBR stock indicates that the average analyst price target is $128.26 per share. This means the stock has a potential decrease of -1.73% from where the CYBR share price has been trading recently which is between $119.32 and $128.2211. There are some brokerage firms that offer lower targets than the average, with one of them, even setting their price target at $120.
The shorts are climbing into CyberArk Software Ltd. (CYBR) stock. The latest set of short interest data was released on 30 April 2019, and the numbers show a rise in short interest in CYBR shares. While short interest still represents only 1.38% of CYBR’s float, the number of shares shorted have risen by 99221. The number of shares shorted advanced to 596266 shares, up from 497045 shares during the preceding fortnight. With average daily trading volumes at 772870 shares, days to cover decreased to about 1 days. The most recent news story about the stock that appeared in Yahoo Finance‘s news section was titled “3 Cyberark Bulls Share Takeaways From Q1 Print” and dated May 15, 2019.
During the recent trading session for CyberArk Software Ltd. (NASDAQ:CYBR), the company witnessed their stock rise $3.71 over a week and surge $9.07 from the price 20 days ago. When compared to their established 52-week high of $133.49, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 05/14/19. The recent low of $58.39 stood for a -2.22% since 05/17/18, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 1.85 is also allocated to the stock. Since the beta is greater 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 CyberArk Software Ltd., the two-week RSI stands at 61.28. This figure suggests that CYBR 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 CYBR readings is similarly very revealing as it has a stochastic reading of 50.54% at this stage. This figure means that CYBR share price today is being neutral.
Technical chart claims that CyberArk Software Ltd. (CYBR) would settle between $129.79/share to $133.45/share level. However, if the stock price goes below the $120.89 mark, then the market for CyberArk Software Ltd. becomes much weaker. If that happens, the stock price might even plunge as low as $115.65 for its downside target. The stock is currently in the green zone of MACD, with the indicator reading 0.01. 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 UBS lowered their recommendation on shares of CYBR from Buy to Neutral in their opinion released on April 25. Mizuho, analysts launched coverage of CyberArk Software Ltd. (NASDAQ:CYBR) stock with a Buy recommendation, according to their flash note issued to investors on March 27. Analysts at FBN Securities, made their first call for the equity with a Outperform recommendation, according to a research note that dated back to March 19.
CYBR equity has an average rating of 1.83, with the figure leaning towards a bullish end. 23 analysts who tracked the company were contacted by Reuters. Amongst them, 4 rated the stock as a hold while the remaining 19 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. 19 analysts rated CyberArk Software Ltd. (NASDAQ:CYBR) 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, CYBR stock price is currently trading at 51.94X forward 12-month Consensus EPS estimates, and its P/S ratio is 6.28 while for the average stock in the same group, the multiple is 5.19. CyberArk Software Ltd. current P/E ratio of 54.46 means it is trading at a premium against its industry’s 32.53. In the past 5 years, this ratio for the stock has been fluctuating between 57.98 and 118.32.
CyberArk Software Ltd. (CYBR)’s current-quarter revenues are projected to climb by nearly 25.14% to hit $97.25 million, based on current Zacks Consensus Estimate. The firm’s full-year revenues are expected to expand by over 20.58% from $343200 to a noteworthy $413820. At the other end of the current quarter income statement, CyberArk Software Ltd. is expected to see its adjusted earnings surge by roughly 16.67% to hit $0.42 per share. For the fiscal year, CYBR’s earnings are projected to climb by roughly -2.43% to hit $2.01 per share.