AMAG Pharmaceuticals, Inc. (NASDAQ:AMAG) is among the top gainers of the stock market today, skyrocketing 2.21% or (0.27 points) to $12.46 from its previous close of $12.19. 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 172162 contracts so far this session. AMAG shares had a relatively better volume day versus average trading capacity of 771.98 thousand shares, but with a 33.38 million float and a -2.56% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for AMAG stock indicates that the average analyst price target is $11.38 per share. This means the stock has a potential decrease of -8.67% from where the AMAG share price has been trading recently.
During the recent trading session for AMAG Pharmaceuticals, Inc. (NASDAQ:AMAG), the company witnessed their stock drop by $-0.26 over a week and surge $1.3 from the price 20 days ago. When compared to their established 52-week high of $17.39, the high they recorded in their recent session happens to be higher. Their established 52-week high was attained by the company on 01/22/19. The recent low of $6.81 stood for a -28.35% since 07/08/19, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 0.45 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.
Looking at the current readings for AMAG Pharmaceuticals, Inc., the two-week RSI stands at 58.42. This figure suggests that AMAG 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 AMAG readings is similarly very revealing as it has a stochastic reading of 47.74% at this stage. This figure means that AMAG share price today is being neutral.
Technical chart claims that AMAG Pharmaceuticals, Inc. (AMAG) would settle between $12.65/share to $13.1/share level. However, if the stock price goes below the $11.39 mark, then the market for AMAG Pharmaceuticals, Inc. becomes much weaker. If that happens, the stock price might even plunge as low as $10.58 for its downside target. The stock is currently in the red zone of MACD, with the indicator reading -0.26. 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 Piper Jaffray lowered their recommendation on shares of AMAG from Neutral to Underweight in their opinion released on October 30. H.C. Wainwright, analysts launched coverage of AMAG Pharmaceuticals, Inc. (NASDAQ:AMAG) stock with a Buy recommendation, according to their flash note issued to investors on August 01. Analysts at Barclays, made their first call for the equity with a Overweight recommendation, according to a research note that dated back to June 11.
AMAG equity has an average rating of 2.63, with the figure leaning towards a bullish end. 8 analysts who tracked the company were contacted by Reuters. Amongst them, 4 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 others rated it as a sell. 2 analysts rated AMAG Pharmaceuticals, Inc. (NASDAQ:AMAG) as a buy or a strong buy while 2 advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.
AMAG Pharmaceuticals, Inc. (AMAG)’s current-quarter revenues are projected to climb by nearly 0.8% to hit $88.86 million, based on current consensus estimate. The firm’s full-year revenues are expected to expand by over -31% from $474000 to a noteworthy $327260. At the other end of the current quarter income statement, AMAG Pharmaceuticals, Inc. is expected to see its adjusted earnings surge by roughly 25% to hit $-0.45 per share. For the fiscal year, AMAG’s earnings are projected to climb by roughly 46.1% to hit $-2.65 per share.