A New Trick Up Its Sleeve: Duke Realty Corporation (DRE), ADOMANI, Inc. (ADOM)

Duke Realty Corporation (NYSE:DRE) sank -0.43% 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 rally that has seen it rise 17.38% and is now up by 14.98% since start of this year. A look at its monthly performance shows that the stock has recorded a 8.13% gain over the past 30 days. Its equity price climbed by 4.2% over the past three months which led to its overall six-month increase to stand at 3.3%.

The shares of Duke Realty Corporation (DRE) dropped by -1.13% or -$0.34 from its last recorded high of $30.12 which it attained on August 02 to close at $29.78 per share. Over the past 52 weeks, the shares of Duke Realty Corporation has been trading as low as $24.3 before witnessing a massive surge by 22.55% or $5.48. This price movement has led to the DRE stock receiving more attention and has become one to watch out for. It jumped by 0.2% on Tuesday and this got the market excited. The stock’s beta now stands at 0.75 and when compared to its 200-day moving average and its 50-day moving average, DRE price stands 5.64% above and 7% above respectively. Its average daily volatility for this week is 1.42% which is less than the 1.64% recorded over the past month.

Experts from research firms are bullish about the near-term performance of Duke Realty Corporation with most of them predicting a $30.81 price target on a short-term (12 months) basis. The average price target by the analysts will see a 3.46% rise in the stock and would lead to DRE’s market cap to surge to $11.06B. The stock has been rated an average 1.9, which roughly stands towards the bullish end of the spectrum. Reuters looked into the 16 analysts that track Duke Realty Corporation (NYSE:DRE) and find out that 5 of them rated it as a Hold. 11 of the 11 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 DRE technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 61.61 point. Its trading volume has added 765868 shares compared to readings over the past three months as it recently exchanged 3185868 shares. This means there is improved activity from short-term traders as per session, its average trading volume is 2420000 shares, and this is 1.32 times the normal volume.

Analysts have predicted a price target for ADOMANI, Inc. (ADOM) for 1 year and it stands at an average $2/share. This means that it would likely increase by 525% from its current position. The current price of the stock has been moving between $0.262 and $0.35. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $2. On the other hand, one analyst is super bullish about the price, setting a target as high as $2.

Analysts view ADOMANI, Inc. (NASDAQ:ADOM) as a Buy, with 0 consensus rating. Reuters surveyed 3 analysts that follow ADOM and found that 0 of those analysts rated the stock as a Hold. The remaining 3 were divided, with 3 analyst rating it as a Buy or a Strong Buy while 0 analysts advised investors to desist from buying ADOMANI, Inc. (ADOM) shares or sell it if they already own it.