A look at NUAN technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 56.37 point. Its trading volume has lost -79355 shares compared to readings over the past three months as it recently exchanged 2760645 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 2840000 shares, and this is 0.97 times the normal volume.
Nuance Communications, Inc. (NASDAQ:NUAN) dipped by -11.86% over the past three months which led to its overall six-month increase to stand at 1.28%. The equity price rose 13.03% 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 0.27% gain over the past 30 days. Over the past 12 months the stock has embarked on a drop that has seen it decline -13.38% and is now up by 14.06% since start of this year.
The shares of Nuance Communications, Inc. dropped by -19.52% or -$3.66 from its last recorded high of $18.75 which it attained on January 23 to close at $15.09 per share. Over the past 52 weeks, the shares of Nuance Communications, Inc. has been trading as low as $12.18 before witnessing a massive surge by 23.89% or $2.91. This price movement has led to the NUAN stock receiving more attention and has become one to watch out for. It jumped by 2.79% on Thursday and this got the market excited. The stock’s beta now stands at 0.98 and when compared to its 200-day moving average and its 50-day moving average, NUAN price stands -2.42% below and -2.9% below respectively. Its average daily volatility for this week is 3.78% which is more than the 3.72% recorded over the past month.
Experts from research firms are bullish about the near-term performance of Nuance Communications, Inc. (NUAN) with most of them predicting a $20.5 price target on a short-term (12 months) basis. The average price target by the analysts will see a 35.85% rise in the stock and would lead to NUAN’s market cap to surge to $5.89B. The stock has been rated an average 0, which roughly stands towards the bullish end of the spectrum. Reuters looked into the 6 analysts that track Nuance Communications, Inc. (NASDAQ:NUAN) and find out that 1 of them rated it as a Hold. 5 of the 5 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 Buckeye Partners, L.P. (NYSE:BPL) currently stands at $31.92 after it went down by $-0.6 or -1.85% and has found a strong support at $31.62 a share. If the BPL price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $31.33 mark would also be bad for the stock as it means that the stock would plunge by 1.85% from its current position. However, if the stock price is able to trade above the resistance point around $32.33, then it could likely surge higher to try and break the upward resistance which stands at $32.75 a share. Its average daily volatility over the past one month stands at 4.57%. The stock has plunged by 0.56% from its 52-weeks high of $31.74 which it reached on Jan. 29, 2018. In general, it is 19.45% above its 52-weeks lowest point which stands at $25.71 and this setback was observed on Dec. 26, 2018.
Analysts have predicted a price target for Buckeye Partners, L.P. (BPL) for 1 year and it stands at an average $35.38/share. This means that it would likely increase by 10.84% from its current position. The current price of the stock has been moving between $31.74 and $32.45. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $30. On the other hand, one analyst is super bullish about the price, setting a target as high as $40.
The BPL stock Stochastic Oscillator (%D) is at 93.43%, which means that it is currently overbought and its prices could dip very soon. The shares P/S ratio stands at 1.14 which compares to the 3.1 recorded by the industry or the 12.86 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 11.51, which is higher than the 0 multiple of 12-month price-earnings (P/E). The company’s earnings have gone up, with a quarterly increase rate of 7.1% over the past five years.
Analysts view Buckeye Partners, L.P. (NYSE:BPL) as a Hold, with 2.6 consensus rating. Reuters surveyed 13 analysts that follow BPL and found that 9 of those analysts rated the stock as a Hold. The remaining 4 were divided, with 3 analyst rating it as a Buy or a Strong Buy while 1 analysts advised investors to desist from buying Buckeye Partners, L.P. (BPL) shares or sell it if they already own it.