Big changes are happening at CyberArk Software Ltd. (NASDAQ:CYBR), which makes the stock worth watching today. The company is among the top gainers of the stock market today, skyrocketing 2.22% or (2.29 points) to $105.57 from its previous close of $103.28. 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 227929 contracts so far this session. CYBR shares had a relatively better volume day versus average trading capacity of 838.92 thousand shares, but with a 37.56 million float and a 1.93% 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 $145.24 per share. This means the stock has a potential increase of 37.58% from where the CYBR share price has been trading recently which is between $102.1143 and $105.38.
During the recent trading session for CyberArk Software Ltd. (NASDAQ:CYBR), the company witnessed their stock rise $5.17 over a week and surge $5.73 from the price 20 days ago. When compared to their established 52-week high of $148.74, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 07/26/19. The recent low of $64.66 stood for a -29.02% since 11/20/18, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 1.57 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 50.22. 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 73.23% at this stage. This figure means that CYBR share price today is being oversold.
Technical chart claims that CyberArk Software Ltd. (CYBR) would settle between $105.07/share to $106.86/share level. However, if the stock price goes below the $101.8 mark, then the market for CyberArk Software Ltd. becomes much weaker. If that happens, the stock price might even plunge as low as $100.33 for its downside target. The stock is currently in the green zone of MACD, with the indicator reading 2.08. 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 Barclays lifted target price for shares of CYBR but were stick to Equal Weight recommendation for the stock in their opinion released on October 07. The price target has been raised from $140 to $119. Cowen, analysts launched coverage of CyberArk Software Ltd. (NASDAQ:CYBR) stock with a Outperform recommendation, according to their flash note issued to investors on August 21. Analysts at Dougherty & Company are sticking to their Buy stance. However, on August 08, they lifted price target for these shares to $145 from $140.
CYBR equity has an average rating of 2.18, with the figure leaning towards a bullish end. 19 analysts who tracked the company were contacted by Reuters. Amongst them, 2 rated the stock as a hold while the remaining 17 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. 17 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 39.53X forward 12-month Consensus EPS estimates, and its P/E ratio is 65.8 while for the average stock in the same group, the multiple is 25.9. CyberArk Software Ltd. current P/B ratio of 7.3 means it is trading at a discount against its industry’s 8.9.
CyberArk Software Ltd. (CYBR)’s current-quarter revenues are projected to climb by nearly 21.7% to hit $102990, based on current consensus estimate. The firm’s full-year revenues are expected to expand by over 23.2% from $343200 to a noteworthy $422880. At the other end of the current quarter income statement, CyberArk Software Ltd. is expected to see its adjusted earnings surge by roughly -2.1% to hit $0.47 per share. For the fiscal year, CYBR’s earnings are projected to climb by roughly 11.7% to hit $2.3 per share.