Top Analyst Pounds the Table on Stratasys Ltd. (SSYS), Chegg, Inc. (CHGG)

A look at its monthly performance shows that Stratasys Ltd. (NASDAQ:SSYS) has recorded a 45.04% gain over the past 30 days. Over the past 12 months the stock has embarked on a rally that has seen it rise 40.74% and is now up by 55.19% since start of this year. The equity price rose 4.84% this week, a trend that has led to both investors and traders taking note of the stock. Its equity price climbed by 17.63% over the past three months which led to its overall six-month increase to stand at 21.57%.

The shares of Stratasys Ltd. (SSYS) dropped by -0.07% or -$0.02 from its last recorded high of $27.97 which it attained on February 13 to close at $27.95 per share. Over the past 52 weeks, the shares of Stratasys Ltd. has been trading as low as $17.06 before witnessing a massive surge by 63.83% or $10.89. This price movement has led to the SSYS stock receiving more attention and has become one to watch out for. It jumped by 0.94% on Wednesday and this got the market excited. The stock’s beta now stands at 1.98 and when compared to its 200-day moving average and its 50-day moving average, SSYS price stands 31.19% above and 32.06% above respectively. Its average daily volatility for this week is 4.73% which is more than the 4.02% recorded over the past month.

Experts from research firms are bullish about the near-term performance of Stratasys Ltd. with most of them predicting a $23.17 price target on a short-term (12 months) basis. The average price target by the analysts will see a -17.1% rise in the stock and would lead to SSYS’s market cap to surge to $1.23B. The stock has been rated an average 3.1, which roughly stands towards the bearish end of the spectrum. Reuters looked into the 11 analysts that track Stratasys Ltd. (NASDAQ:SSYS) and find out that 5 of them rated it as a Hold. 3 of the 6 analysts rated it as a Buy or a Strong Buy while 3 advised investors to desist from buying the stock or sell it if they already possess it.

A look at SSYS technical analysis shows that its 14-day Relative Strength Index (RSI) is in a overbought zone after reaching 76.52 point. Its trading volume has added 478075 shares compared to readings over the past three months as it recently exchanged 1003165 shares. This means there is improved activity from short-term traders as per session, its average trading volume is 525090 shares, and this is 1.91 times the normal volume.

Analysts have predicted a price target for Chegg, Inc. (CHGG) for 1 year and it stands at an average $39.8/share. This means that it would likely increase by 6.19% from its current position. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $33. On the other hand, one analyst is super bullish about the price, setting a target as high as $45.

The CHGG stock Stochastic Oscillator (%D) is at 59.94%, which means that it is currently neutral. The shares P/S ratio stands at 14.75. The stock currently has an estimated price-earnings (P/E) multiple of 59.68, 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 18.4% over the past five years.

Analysts view Chegg, Inc. (NYSE:CHGG) as a Hold, with 2.2 consensus rating. Reuters surveyed 11 analysts that follow CHGG and found that 6 of those analysts rated the stock as a Hold. The remaining 5 were divided, with 5 analyst rating it as a Buy or a Strong Buy while 0 analysts advised investors to desist from buying Chegg, Inc. (CHGG) shares or sell it if they already own it.