Here’s Why The ExOne Company (XONE) Stock Declined -7.5% Today

The biggest losers of the session on the Wall Street include The ExOne Company (NASDAQ:XONE), which fell -0.53 points or -7.5% to trade at $6.54 as last check. The stock closed last session at $7.07 and sets an active trading volume day with a reported 126875 contracts so far this session. XONE shares had a relatively better volume day versus average trading capacity of 93.9 million shares, but with a 11.28 million float and a 5.21% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for XONE stock indicates that the average analyst price target is $11.5 per share. This means the stock has a potential increase of 75.84% from where the XONE share price has been trading recently which is between $7.04 and $7.4. There are some brokerage firms that offer lower targets than the average, with one of them, even setting their price target at $10.5. Flipping the other side of the coin, an analyst who is fully bullish set a price target as high as $12.

During the recent trading session for The ExOne Company (NASDAQ:XONE), the company witnessed their stock drop by $-0.25 over a week and tumble down $-0.62 from the price 20 days ago. When compared to their established 52-week high of $11.73, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 02/25/19. The recent low of $5.73 stood for a -44.24% since 12/24/18, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 3.34 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 XONE is set at $12, a figure which is above the recent 1-year high the stock witnessed.

Looking at the current readings for The ExOne Company, the two-week RSI stands at 37.01. This figure suggests that XONE 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 XONE readings is similarly very revealing as it has a stochastic reading of 41.2% at this stage. This figure means that XONE share price today is being neutral.

Technical chart claims that The ExOne Company (XONE) would settle between $7.3/share to $7.53/share level. However, if the stock price goes below the $6.94 mark, then the market for The ExOne Company becomes much weaker. If that happens, the stock price might even plunge as low as $6.81 for its downside target.

XONE equity has an average rating of 2.69, 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 The ExOne Company (NASDAQ:XONE) 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, XONE stock price is currently trading at 81.26X 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 28.2. The ExOne Company current P/B ratio of 2.1 means it is trading at a discount against its industry’s 4.6.

The ExOne Company (XONE)’s current-quarter revenues are projected to climb by nearly 25.4% to hit $31.74 million, based on current consensus estimate. The firm’s full-year revenues are expected to expand by over 6.7% from $64.64 million to a noteworthy $68.96 million. At the other end of the current quarter income statement, The ExOne Company is expected to see its adjusted earnings surge by roughly 115.4% to hit $0.28 per share. For the fiscal year, XONE’s earnings are projected to climb by roughly 38.5% to hit $-0.48 per share.