An interesting stock that came up in some of our conversations today is Sohu.com Limited (NASDAQ:SOHU). At current price of $10.71, the shares have already lost -0.33 points (-2.99% lower) from its previous close of $11.04. Should you buy or avoid them? The stock sets an active trading volume day with a reported 149007 contracts so far this session. SOHU shares had a relatively better volume day versus average trading capacity of 361.4 thousand shares, but with a 30.47 million float and a 2.7% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for SOHU stock indicates that the average analyst price target is $13.02 per share. This means the stock has a potential increase of 21.57% from where the SOHU share price has been trading recently.
During the recent trading session for Sohu.com Limited (NASDAQ:SOHU), the company witnessed their stock drop by $-0.19 over a week and tumble down $-1.79 from the price 20 days ago. When compared to their established 52-week high of $21.49, the high they recorded in their recent session happens to be higher. Their established 52-week high was attained by the company on 06/03/19. The recent low of $8.79 stood for a -50.98% 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 1.66 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.
Looking at the current readings for Sohu.com Limited, the two-week RSI stands at 45.88. This figure suggests that SOHU 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 SOHU readings is similarly very revealing as it has a stochastic reading of 39.99% at this stage. This figure means that SOHU share price today is being neutral.
Technical chart claims that Sohu.com Limited (SOHU) would settle between $11.12/share to $11.19/share level. However, if the stock price goes below the $10.95 mark, then the market for Sohu.com Limited becomes much weaker. If that happens, the stock price might even plunge as low as $10.85 for its downside target. The stock is currently in the green zone of MACD, with the indicator reading 0.09. 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 Jefferies, assumed coverage of SOHU assigning Hold rating, according to their opinion released on December 05. Deutsche Bank analysts have lowered their rating of Sohu.com Limited (NASDAQ:SOHU) stock from Buy to Hold in a separate flash note issued to investors on October 30. Analysts at Morgan Stanley released an upgrade from Underweight to Equal-Weight for the stock, in a research note that dated back to August 01.
SOHU equity has an average rating of 3.17, with the figure leaning towards a bullish end. 5 analysts who tracked the company were contacted by Reuters. Amongst them, 4 rated the stock as a hold while the remaining 1 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. 0 analysts rated Sohu.com Limited (NASDAQ:SOHU) as a buy or a strong buy while 1 advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.
Moving on, SOHU 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 36.1. Sohu.com Limited current P/B ratio of 1 means it is trading at a discount against its industry’s 5.5.
Sohu.com Limited (SOHU)’s current-quarter revenues are projected to climb by nearly -3.4% to hit $465860, based on current consensus estimate. The firm’s full-year revenues are expected to expand by over -1.7% from $1.88 billion to a noteworthy $1.85 billion. At the other end of the current quarter income statement, Sohu.com Limited is expected to see its adjusted earnings surge by roughly 74.7% to hit $-0.38 per share. For the fiscal year, SOHU’s earnings are projected to climb by roughly 42.6% to hit $-3.49 per share.