In the most recent trading session, shares of Capstone Turbine Corporation (NASDAQ:CPST) finished with a move of -0.435%. The stock managed to reach a high of $0.950 and saw a low of $0.830. The stock has been recently trading -32.710% off of its 200 day moving average of $1.360. The stock has recently been documented at -12.857% off its 50 day moving average of $1.050. Moving averages have the ability to play a crucial role in forecasting future stock movement. If the stock is trading higher than a moving average, the average may provide a level of support. If the stock is trading below a moving average, the average may provide a level of resistance.
Taking a longer term look at where the stock has been and where it’s headed, we note that currently the stock has traded in the range of $0.750 – 2.700 over the past 52-weeks. The latest bid places it $-1.785 away from the 52-week high of $2.700, or -66.111%. On the other end, the latest bid puts the equity $0.165 away from the 52-week low of $0.750, or +22.000%. The 52-week metric is serves as an important parameter for investors as they gauge the current price level of a stock and where it might be headed in the future.
Another important metric used by institutional and retail investors alike, is the analyst price target on a stock. Wall Street brokerage firms on the sell-side hire analysts to conduct research on stocks they cover for their clients. Analysts issue reports which often include a future stock price projection for the stock. Thomson Reuters’ First Call, which many consider to be the benchmark for EPS and consensus data, currently have the price target listed as $2.030. This is the consensus of all analyst targets from the brokerage firms polled by First Call.
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