USCR trading volume has added 684796 shares compared to readings over the past three months as it recently exchanged 1133576 shares. This means there is improved activity from short-term traders as per session, its average trading volume is 448780 shares, and this is 2.53 times the normal volume. A look at its technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 59.51 point.
U.S. Concrete, Inc. (NASDAQ:USCR) dipped by -25.6% over the past three months which led to its overall six-month decrease to stand at -32.44%. The equity price rose 21.6% this week, a trend that has led to both investors and traders taking note of the stock. A look at its monthly performance shows that its shares have recorded a -2.6% fall over the past 30 days. Over the past 12 months the stock has embarked on a drop that has seen it decline -49.21% and is now down by -52.55% since start of this year.
The shares of U.S. Concrete, Inc. dropped by -54.04% or -$46.66 from its last recorded high of $86.35 which it attained on December 11 to close at $39.69 per share. Over the past 52 weeks, the shares of U.S. Concrete, Inc. has been trading as low as $27.68 before witnessing a massive surge by 43.39% or $12.01. This price movement has led to the USCR stock receiving more attention and has become one to watch out for. It jumped by 3.25% on Wednesday and this got the market excited. The stock’s beta now stands at 1.36 and when compared to its 200-day moving average and its 50-day moving average, USCR price stands -29.41% below and -5.72% below respectively. Its average daily volatility for this week is 10.31% which is more than the 7.3% recorded over the past month.
Experts from research firms are bullish about the near-term performance of U.S. Concrete, Inc. (USCR) with most of them predicting a $70.88 price target on a short-term (12 months) basis. The average price target by the analysts will see a 78.58% rise in the stock and would lead to USCR’s market cap to surge to $1.21B. The stock has been rated an average 1.5, which roughly stands towards the bullish end of the spectrum. Reuters looked into the 8 analysts that track U.S. Concrete, Inc. (NASDAQ:USCR) and find out that 0 of them rated it as a Hold. 8 of the 8 analysts rated it as a Buy or a Strong Buy while 0 advised investors to desist from buying the stock or sell it if they already possess it.
The price of Front Yard Residential Corporation (NYSE:RESI) currently stands at $8.78 after it went down by $-0.58 or -6.2% and has found a strong support at $8.35 a share. If the RESI price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $7.91 mark would also be bad for the stock as it means that the stock would plunge by 9.91% from its current position. However, if the stock price is able to trade above the resistance point around $9.29, then it could likely surge higher to try and break the upward resistance which stands at $9.79 a share. Its average daily volatility over the past one month stands at 4.72%. The stock has plunged by 4.1% from its 52-weeks high of $8.42 which it reached on Aug. 17, 2018. In general, it is -0.23% above its 52-weeks lowest point which stands at $8.8 and this setback was observed on Nov. 07, 2018.
Analysts have predicted a price target for Front Yard Residential Corporation (RESI) for 1 year and it stands at an average $14.17/share. This means that it would likely increase by 61.39% from its current position. The current price of the stock has been moving between $8.42 and $9.36. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $12. On the other hand, one analyst is super bullish about the price, setting a target as high as $17.
Analysts view Front Yard Residential Corporation (NYSE:RESI) as a Hold, with 2.3 consensus rating. Reuters surveyed 6 analysts that follow RESI and found that 2 of those analysts rated the stock as a Hold. The remaining 4 were divided, with 4 analyst rating it as a Buy or a Strong Buy while 0 analysts advised investors to desist from buying Front Yard Residential Corporation (RESI) shares or sell it if they already own it.