Victory Capital Holdings, Inc. (NASDAQ:VCTR) is among the top gainers of the stock market today, skyrocketing 4.34% or (0.74 points) to $17.81 from its previous close of $17.07. Does this growth mean it the best stock to buy right now? The shares seem to have an active trading volume day with a reported 121580 contracts so far this session. VCTR shares had a relatively better volume day versus average trading capacity of 99.85 million shares, but with a 16.78 million float and a 6.89% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for VCTR stock indicates that the average analyst price target is $18.17 per share. This means the stock has a potential increase of 2.02% from where the VCTR share price has been trading recently which is between $16.17 and $17.28. There are some brokerage firms that offer lower targets than the average, with one of them, even setting their price target at $16.
The shorts are climbing into Victory Capital Holdings, Inc. (VCTR) stock. The latest set of short interest data was released on 30 April 2019, and the numbers show a rise in short interest in VCTR shares. While short interest still represents only 0.54% of VCTR’s float, the number of shares shorted have risen by 13504. The number of shares shorted advanced to 103909 shares, up from 90405 shares during the preceding fortnight. With average daily trading volumes at 77430 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 “Victory Capital Holdings, Inc. (VCTR) Q1 2019 Earnings Call Transcript” and dated May 15, 2019.
During the recent trading session for Victory Capital Holdings, Inc. (NASDAQ:VCTR), the company witnessed their stock rise $1.79 over a week and surge $2.77 from the price 20 days ago. When compared to their established 52-week high of $18.8, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 05/17/19. The recent low of $7.27 stood for a 3.07% since 10/26/18, 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 Victory Capital Holdings, Inc., the two-week RSI stands at 70.33. This figure suggests that VCTR stock, for now, is oversold, meaning that the shares are not stable in terms of price movement. The stochastic readings, on the other hand, based on the current VCTR readings is similarly very revealing as it has a stochastic reading of 73.68% at this stage. This figure means that VCTR share price today is being oversold.
Technical chart claims that Victory Capital Holdings, Inc. (VCTR) would settle between $17.51/share to $17.95/share level. However, if the stock price goes below the $16.4 mark, then the market for Victory Capital Holdings, Inc. becomes much weaker. If that happens, the stock price might even plunge as low as $15.73 for its downside target. The stock is currently in the green zone of MACD, with the indicator reading 0.84. 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 Morgan Stanley lowered their recommendation on shares of VCTR from Overweight to Equal-Weight in their opinion released on April 11. B. Riley FBR, analysts launched coverage of Victory Capital Holdings, Inc. (NASDAQ:VCTR) stock with a Buy recommendation, according to their flash note issued to investors on March 27. Analysts at Sandler O’Neill, made their first call for the equity with a Buy recommendation, according to a research note that dated back to March 15.
VCTR equity has an average rating of 1.88, with the figure leaning towards a bullish end. 8 analysts who tracked the company were contacted by Reuters. Amongst them, 1 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 Victory Capital Holdings, Inc. (NASDAQ:VCTR) 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.
Victory Capital Holdings, Inc. (VCTR)’s current-quarter revenues are projected to climb by nearly -2.24% to hit $102060, based on current Zacks Consensus Estimate. The firm’s full-year revenues are expected to expand by over 49.12% from $413410 to a noteworthy $616470. At the other end of the current quarter income statement, Victory Capital Holdings, Inc. is expected to see its adjusted earnings surge by roughly 0% to hit $0.41 per share. For the fiscal year, VCTR’s earnings are projected to climb by roughly 45.12% to hit $2.38 per share.