What just happened? Endo International plc (NASDAQ:ENDP) stock value has climbed by nearly 4.04% or (0.16 points) to $4.12 from its previous close of $3.96. 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 2650493 contracts so far this session. ENDP shares had a relatively better volume day versus average trading capacity of 4.25 million shares, but with a 0.2 billion float and a -14.1% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for ENDP stock indicates that the average analyst price target is $9.52 per share. This means the stock has a potential increase of 131.07% from where the ENDP share price has been trading recently which is between $3.88 and $4.135. There are some brokerage firms that offer lower targets than the average, with one of them, even setting their price target at $4.75.
The shorts are climbing into Endo International plc (ENDP) stock. The latest set of short interest data was released on 28 June 2019, and the numbers show a rise in short interest in ENDP shares. While short interest still represents only 10.89% of ENDP’s float, the number of shares shorted have risen by 3606847. The number of shares shorted advanced to 25757280 shares, up from 22150433 shares during the preceding fortnight. With average daily trading volumes at 5658355 shares, days to cover decreased to about 4.745582 days. The most recent news story about the stock that appeared in Yahoo Finance‘s news section was titled “Endo to Announce Second-Quarter 2019 Financial Results” and dated July 11, 2019.
During the recent trading session for Endo International plc (NASDAQ:ENDP), the company witnessed their stock drop by $-0.23 over a week and tumble down $-0.36 from the price 20 days ago. When compared to their established 52-week high of $18.5, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 10/17/18. The recent low of $3.54 stood for a -77.73% since 06/25/19, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 1.18 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 Endo International plc, the two-week RSI stands at 39.91. This figure suggests that ENDP 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 ENDP readings is similarly very revealing as it has a stochastic reading of 48.33% at this stage. This figure means that ENDP share price today is being neutral.
Technical chart claims that Endo International plc (ENDP) would settle between $4.1/share to $4.25/share level. However, if the stock price goes below the $3.85 mark, then the market for Endo International plc becomes much weaker. If that happens, the stock price might even plunge as low as $3.74 for its downside target. The stock is currently in the red zone of MACD, with the indicator reading -0.23. 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 Citigroup lowered their recommendation on shares of ENDP from Buy to Neutral in their opinion released on June 17. Barclays, analysts launched coverage of Endo International plc (NASDAQ:ENDP) stock with a Equal Weight recommendation, according to their flash note issued to investors on June 11. Analysts at JP Morgan lowered the stock to a Underweight call from its previous Neutral recommendation, in a research note that dated back to May 13.
ENDP equity has an average rating of 3, with the figure leaning towards a bullish end. 15 analysts who tracked the company were contacted by Reuters. Amongst them, 13 rated the stock as a hold while the remaining 2 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while others rated it as a sell. 1 analysts rated Endo International plc (NASDAQ:ENDP) as a buy or a strong buy while 1 advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.
Moving on, ENDP stock price is currently trading at 1.66X forward 12-month Consensus EPS estimates, and its P/S ratio is 0.47 while for the average stock in the same group, the multiple is 6.26.
Endo International plc (ENDP)’s current-quarter revenues are projected to climb by nearly -2.52% to hit $696720, based on current Zacks Consensus Estimate. The firm’s full-year revenues are expected to expand by over -2.77% from $2.95 billion to a noteworthy $2.87 billion. At the other end of the current quarter income statement, Endo International plc is expected to see its adjusted earnings surge by roughly -38.16% to hit $0.47 per share. For the fiscal year, ENDP’s earnings are projected to climb by roughly -24.91% to hit $2.17 per share.