Spectrum Pharmaceuticals, Inc. (NASDAQ:SPPI)’s beta now stands at 2.67 and when compared to its 200-day moving average and its 50-day moving average, SPPI price stands -35.56% below and -2.52% below respectively. The stock dropped by -56.47% or -$14.28 from its last recorded high of $25.29 which it attained on August 27 to close at $11.01 per share. Over the past 52 weeks, the shares of Spectrum Pharmaceuticals, Inc. has been trading as low as $6.22 before witnessing a massive surge by 77.01% or $4.79. This price movement has led to the SPPI stock receiving more attention and has become one to watch out for. It dipped by -2.05% on Monday and this got the market worried. Its average daily volatility for this week is 5.46% which is less than the 7.24% recorded over the past month.
Spectrum Pharmaceuticals, Inc. (SPPI) rose 0.92% this week, a trend that has led to both investors and traders taking note of the stock. Over the past one year, the equity price has embarked on a drop that has seen it decline -50.8% and is now up by 25.83% since start of this year. A look at its monthly performance shows that the stock has recorded a 16.02% gain over the past 30 days. Its equity price dipped by -6.62% over the past three months which led to its overall six-month decrease to stand at -49.77%.
Experts from research firms are bullish about the near-term performance of Spectrum Pharmaceuticals, Inc. with most of them predicting a $29.25 price target on a short-term (12 months) basis. The average price target by the analysts will see a 165.67% rise in the stock and would lead to SPPI’s market cap to surge to $3.02B. The stock has been rated an average 0, which roughly stands towards the bullish end of the spectrum. Reuters looked into the 4 analysts that track Spectrum Pharmaceuticals, Inc. (NASDAQ:SPPI) and find out that 0 of them rated it as a Hold. 4 of the 4 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.
A look at SPPI technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 53.61 point. Its trading volume has lost -401145 shares compared to readings over the past three months as it recently exchanged 1098855 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 1500000 shares, and this is 0.73 times the normal volume.
The price of Superior Energy Services, Inc. (NYSE:SPN) currently stands at $3.75 after it went down by $-0.2 or -5.06% and has found a strong support at $3.59 a share. If the SPN price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $3.42 mark would also be bad for the stock as it means that the stock would plunge by 8.8% from its current position. However, if the stock price is able to trade above the resistance point around $3.9, then it could likely surge higher to try and break the upward resistance which stands at $4.04 a share. Its average daily volatility over the past one month stands at 8.12%. The stock has plunged by 4.8% from its 52-weeks high of $3.57 which it reached on May. 22, 2018. In general, it is 23.47% above its 52-weeks lowest point which stands at $2.87 and this setback was observed on Dec. 26, 2018.
Analysts have predicted a price target for Superior Energy Services, Inc. (SPN) for 1 year and it stands at an average $6/share. This means that it would likely increase by 60% from its current position. The current price of the stock has been moving between $3.57 and $3.88. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $3. On the other hand, one analyst is super bullish about the price, setting a target as high as $15.
The SPN stock Stochastic Oscillator (%D) is at 39.45%, which means that it is currently neutral. The shares P/S ratio stands at 0.28 which compares to the 19.65 recorded by the industry or the 10.77 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 0, which is lower than the 0 multiple of 12-month price-earnings (P/E). The company’s earnings have gone down, with a quarterly decrease rate of -21.8% over the past five years.
Analysts view Superior Energy Services, Inc. (NYSE:SPN) as a Hold, with 2.9 consensus rating. Reuters surveyed 25 analysts that follow SPN and found that 12 of those analysts rated the stock as a Hold. The remaining 13 were divided, with 11 analyst rating it as a Buy or a Strong Buy while 2 analysts advised investors to desist from buying Superior Energy Services, Inc. (SPN) shares or sell it if they already own it.