The biggest gainers of the session on the Wall Street include Natera, Inc. (NASDAQ:NTRA), which rose 1.67 points or 4.89% to trade at $35.71 as last check. The stock closed last session at $34.04 and sets an active trading volume day with a reported 124597 contracts so far this session. NTRA shares had a relatively better volume day versus average trading capacity of 634.43 thousand shares, but with a 66.5 million float and a 4.1% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for NTRA stock indicates that the average analyst price target is $36.67 per share. This means the stock has a potential increase of 2.69% from where the NTRA share price has been trading recently which is between $33.1174 and $35.88. There are some brokerage firms that offer lower targets than the average, with one of them, even setting their price target at $27. Flipping the other side of the coin, an analyst who is fully bullish set a price target as high as $45.
During the recent trading session for Natera, Inc. (NASDAQ:NTRA), the company witnessed their stock rise $1.31 over a week and surge $2.35 from the price 20 days ago. When compared to their established 52-week high of $37.42, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 07/10/19. The recent low of $11.08 stood for a -4.58% since 08/01/19, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 1.39 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. At the moment, the median target price for NTRA is set at $37, a figure which is below the recent 1-year high the stock witnessed.
Looking at the current readings for Natera, Inc., the two-week RSI stands at 59.67. This figure suggests that NTRA 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 NTRA readings is similarly very revealing as it has a stochastic reading of 51.47% at this stage. This figure means that NTRA share price today is being neutral.
Technical chart claims that Natera, Inc. (NTRA) would settle between $35.57/share to $37.11/share level. However, if the stock price goes below the $32.81 mark, then the market for Natera, Inc. becomes much weaker. If that happens, the stock price might even plunge as low as $31.59 for its downside target. The stock is currently in the green zone of MACD, with the indicator reading 0.41. 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 JP Morgan, assumed coverage of NTRA assigning Neutral rating, according to their opinion released on October 05. Piper Jaffray analysts again handed out a Overweight recommendation to Natera, Inc. (NASDAQ:NTRA) stock but they lifted target price for the shares in a flash note issued to investors on July 05. The target price has been raised from $18 to $21. Analysts at Morgan Stanley are sticking to their Overweight stance. However, on August 07, they lifted price target for these shares to $13 from $18.
NTRA equity has an average rating of 1.75, with the figure leaning towards a bullish end. 5 analysts who tracked the company were contacted by Reuters. Amongst them, 1 rated the stock as a hold while the remaining 4 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. 4 analysts rated Natera, Inc. (NASDAQ:NTRA) 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, NTRA stock price is currently trading at 0X forward 12-month Consensus EPS estimates, and its P/E ratio is 0 while for the average stock in the same group, the multiple is 39.2. Natera, Inc. current P/B ratio of 25.6 means it is trading at a premium against its industry’s 4.4.
Natera, Inc. (NTRA)’s current-quarter revenues are projected to climb by nearly 12.1% to hit $73.18 million, based on current consensus estimate. The firm’s full-year revenues are expected to expand by over 13.1% from $257650 to a noteworthy $291340. At the other end of the current quarter income statement, Natera, Inc. is expected to see its adjusted earnings surge by roughly -14.3% to hit $-0.56 per share. For the fiscal year, NTRA’s earnings are projected to climb by roughly 5% to hit $-2.11 per share.