Fact Check: What’s wrong with Rosetta Stone Inc. (RST) today

The biggest losers of the session on the Wall Street include Rosetta Stone Inc. (NYSE:RST), which fell -1.01 points or -6.57% to trade at $14.37 as last check. The stock closed last session at $15.38 and sets an active trading volume day with a reported 88073 contracts so far this session. RST shares had a relatively better volume day versus average trading capacity of 180.91 thousand shares, but with a 23.03 million float and a -19.73% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for RST stock indicates that the average analyst price target is $28 per share. This means the stock has a potential increase of 94.85% from where the RST share price has been trading recently which is between $13.76 and $17.89. There are some brokerage firms that offer lower targets than the average, with one of them, even setting their price target at $24. Flipping the other side of the coin, an analyst who is fully bullish set a price target as high as $35.

During the recent trading session for Rosetta Stone Inc. (NYSE:RST), the company witnessed their stock drop by $-5 over a week and tumble down $-2.38 from the price 20 days ago. When compared to their established 52-week high of $26.88, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 09/05/19. The recent low of $13.76 stood for a -46.53% since 07/11/19, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 0.29 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. At the moment, the median target price for RST is set at $25, a figure which is below the recent 1-year high the stock witnessed.

Looking at the current readings for Rosetta Stone Inc., the two-week RSI stands at 28.62. This figure suggests that RST 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 RST readings is similarly very revealing as it has a stochastic reading of 37.99% at this stage. This figure means that RST share price today is being neutral.

Technical chart claims that Rosetta Stone Inc. (RST) would settle between $17.59/share to $19.81/share level. However, if the stock price goes below the $13.46 mark, then the market for Rosetta Stone Inc. becomes much weaker. If that happens, the stock price might even plunge as low as $11.55 for its downside target. The stock is currently in the red zone of MACD, with the indicator reading -1.95. 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 Lake Street lifted target price for shares of RST but were stick to Buy recommendation for the stock in their opinion released on November 07. The price target has been raised from $24 to $22. Dougherty & Company analysts again handed out a Buy recommendation to Rosetta Stone Inc. (NYSE:RST) stock but they lifted target price for the shares in a flash note issued to investors on October 01. The target price has been raised from $20 to $30. Analysts at Lake Street are sticking to their Buy stance. However, on March 19, they lifted price target for these shares to $16 from $14.

RST equity has an average rating of 2.82, 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 Rosetta Stone Inc. (NYSE:RST) 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.

Rosetta Stone Inc. (RST)’s current-quarter revenues are projected to climb by nearly 9.5% to hit $48.8 million, based on current consensus estimate. The firm’s full-year revenues are expected to expand by over 6.8% from $173630 to a noteworthy $185440. At the other end of the current quarter income statement, Rosetta Stone Inc. is expected to see its adjusted earnings surge by roughly 21.1% to hit $-0.15 per share. For the fiscal year, RST’s earnings are projected to climb by roughly 35.8% to hit $-0.61 per share.