Today’s big question for investors is, “what’s going on with Criteo S.A. (NASDAQ:CRTO) stock? Its price is jumping 0.88 points, trading at $14.69 levels, and is up 6.37% from its previous close of $13.81. The shares seem to have an active trading volume day with a reported 288109 contracts so far this session. CRTO shares had a relatively better volume day versus average trading capacity of 521.1 thousand shares, but with a 62.87 million float and a -20.9% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for CRTO stock indicates that the average analyst price target is $21.56 per share. This means the stock has a potential increase of 46.77% from where the CRTO share price has been trading recently.
During the recent trading session for Criteo S.A. (NASDAQ:CRTO), the company witnessed their stock drop by $-3.21 over a week and tumble down $-2.61 from the price 20 days ago. When compared to their established 52-week high of $30.85, the high they recorded in their recent session happens to be higher. Their established 52-week high was attained by the company on 02/13/19. The recent low of $13.66 stood for a -52.38% since 01/15/20, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 0.66 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 Criteo S.A., the two-week RSI stands at 31.98. This figure suggests that CRTO 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 CRTO readings is similarly very revealing as it has a stochastic reading of 18.77% at this stage. This figure means that CRTO share price today is being overbought.
Technical chart claims that Criteo S.A. (CRTO) would settle between $14.91/share to $16/share level. However, if the stock price goes below the $13.19 mark, then the market for Criteo S.A. becomes much weaker. If that happens, the stock price might even plunge as low as $12.56 for its downside target. The stock is currently in the red zone of MACD, with the indicator reading -2.1. 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 lowered their recommendation on shares of CRTO from Neutral to Underweight in their opinion released on October 31. SunTrust analysts bumped their rating on Criteo S.A. (NASDAQ:CRTO) stock from Hold to Buy in a separate flash note issued to investors on May 08. Analysts at Macquarie lowered the stock to a Neutral call from its previous Outperform recommendation, in a research note that dated back to May 01.
CRTO equity has an average rating of 2.7, with the figure leaning towards a bullish end. 19 analysts who tracked the company were contacted by Reuters. Amongst them, 10 rated the stock as a hold while the remaining 9 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. 6 analysts rated Criteo S.A. (NASDAQ:CRTO) as a buy or a strong buy while 3 advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.
Moving on, CRTO stock price is currently trading at 5.67X forward 12-month Consensus EPS estimates, and its P/E ratio is 10.6 while for the average stock in the same group, the multiple is 37.1. Criteo S.A. current P/B ratio of 0.9 means it is trading at a discount against its industry’s 5.5.