ACI Worldwide, Inc. (NASDAQ:ACIW) is -1.39 points lower today and the only thing that matters is where they go from here. You simply have to look deeper than the share price and explore the fundamentals and future growth potential. The stock value has plummeted by nearly -4.5% to $29.47 from its previous close of $30.86. 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 256230 contracts so far this session. ACIW shares had a relatively better volume day versus average trading capacity of 719.24 thousand shares, but with a 0.1 billion float and a -6.2% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for ACIW stock indicates that the average analyst price target is $40.33 per share. This means the stock has a potential increase of 36.85% from where the ACIW share price has been trading recently which is between $29.68 and $31.38. There are some brokerage firms that offer lower targets than the average, with one of them, even setting their price target at $39.
The shorts are climbing into ACI Worldwide, Inc. (ACIW) stock. The latest set of short interest data was released on 15 July 2019, and the numbers show a rise in short interest in ACIW shares. While short interest still represents only 5.31% of ACIW’s float, the number of shares shorted have risen by 94869. The number of shares shorted advanced to 5411376 shares, up from 5316507 shares during the preceding fortnight. With average daily trading volumes at 532351 shares, days to cover increased to about 5.796946 days. The most recent news story about the stock that appeared in Yahoo Finance‘s news section was titled “ACI Worldwide (ACIW) Beats Q2 Earnings and Revenue Estimates” and dated August 08, 2019.
During the recent trading session for ACI Worldwide, Inc. (NASDAQ:ACIW), the company witnessed their stock drop by $-1.99 over a week and tumble down $-5.3 from the price 20 days ago. When compared to their established 52-week high of $35.86, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 01/05/19. The recent low of $24.02 stood for a -17.82% since 10/29/18, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 1.26 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 ACI Worldwide, Inc., the two-week RSI stands at 29.2. This figure suggests that ACIW stock, for now, is overbought, meaning that the shares are not stable in terms of price movement. The stochastic readings, on the other hand, based on the current ACIW readings is similarly very revealing as it has a stochastic reading of 17.89% at this stage. This figure means that ACIW share price today is being overbought.
Technical chart claims that ACI Worldwide, Inc. (ACIW) would settle between $31.6/share to $32.34/share level. However, if the stock price goes below the $29.9 mark, then the market for ACI Worldwide, Inc. becomes much weaker. If that happens, the stock price might even plunge as low as $28.94 for its downside target. The stock is currently in the red zone of MACD, with the indicator reading -1.24. 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 Stephens raised their recommendation on shares of ACIW from Equal-Weight to Overweight in their opinion released on March 08. Stephens analysts have lowered their rating of ACI Worldwide, Inc. (NASDAQ:ACIW) stock from Overweight to Equal-Weight in a separate flash note issued to investors on January 03. Analysts at Raymond James released an upgrade from Underperform to Outperform for the stock, in a research note that dated back to March 02.
ACIW equity has an average rating of 1.33, with the figure leaning towards a bullish end. 3 analysts who tracked the company were contacted by Reuters. Amongst them, 0 rated the stock as a hold while the remaining 3 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. 3 analysts rated ACI Worldwide, Inc. (NASDAQ:ACIW) 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, ACIW stock price is currently trading at 27.07X forward 12-month Consensus EPS estimates, and its P/S ratio is 3.72 while for the average stock in the same group, the multiple is 358.51. ACI Worldwide, Inc. current P/E ratio of 88.21 means it is trading at a premium against its industry’s 23.84. In the past 5 years, this ratio for the stock has been fluctuating between 16.65 and 65.99.
ACI Worldwide, Inc. (ACIW)’s current-quarter revenues are projected to climb by nearly 45.23% to hit $356590, based on current Zacks Consensus Estimate. The firm’s full-year revenues are expected to expand by over 30.48% from $1.01 billion to a noteworthy $1.32 billion. At the other end of the current quarter income statement, ACI Worldwide, Inc. is expected to see its adjusted earnings surge by roughly -53.85% to hit $0.12 per share. For the fiscal year, ACIW’s earnings are projected to climb by roughly -41.44% to hit $0.65 per share.