The stock of Qualys, Inc. (NASDAQ:QLYS) is now priced at $104.71 and the shares are 0.7 points up or 0.67% higher compared to its previous closing price of $104.01. The stock had 324934 contracts set over the past session. QLYS shares’ daily volume is compared to its average trading volume at 641053 shares. However, it has a float of 33.67 million and although its performance was 1.87% over the week, it’s one to watch. Analysts have given the QLYS stock a yearly average price target of $104.21 per share. It means the stock’s downside potential is -0.48% with the QLYS share price recently placing at $103.72 to $106.49. However, some brokerage firms have priced the stock below the average, including one that has called $85.

The shorts are climbing into the Qualys, Inc. stock, with the latest data on short interest released on June 15, 2020, showing that short interest numbers in the QLYS shares have risen. Short interest in the stock represents just 17.03% of its float, but the volume has raised by 34106. The volume of shorted shares rised to 5.733 million from 5.699 million shares over the last two weeks. The average intraday trading volume has been 433411 shares, which means that days to cover moved to roughly 13.226932.

In the last trading session, Qualys, Inc. (NASDAQ:QLYS) raised by $1.92 over the week and lost -$6.2 on its 20-day. The stock’s high in the recent session is lower when compared to its 52-week high of $119.19. The stock recorded its established 52-week high on 06/01/20.

Since 03/16/20, the stock has traded to a low of $63.37 at 65.24%, an encouraging piece of data likely to interest most investors out to exploit the stock’s recent surge. The stock has a beta allocation of 1.01. Being above 1 means that the stock’s volatility is higher than the market and traders are keenly watching it.

Looking at current readings, Qualys, Inc.’s two-week RSI is 51.13. This suggests that the stock is neutral at the moment and that QLYS shares’ price movement remains stable. The stochastic readings are equally revealing at 75.34% meaning the QLYS share price is currently in oversold territory.

The technical chart shows that the QLYS stock will likely settle at between $106.23 and $107.74 per share. However, if the stock dips below $103.46, then its market would become much weaker. Any downside could see the stock price sliding to levels as low as $102.2.

Currently, the stock is trading in the green of MACD, with a reading of 1.36. Investors always pay attention to any move above or below the zero-line, mainly because the indicator points to the position of the stock’s short-term average relative to its long-term measure. A MACD -a reading above the zero line means that the short-term is above the long-term average. This scenario implies that there is an upward momentum. The opposite is true when the MACD falls below the zero-line.

Analysts at Needham though raised target price of QLYS stock from $105 to $118 but maintained Buy recommendation in their May 11 review. Monness Crespi & Hardt analysts downgraded their recommendation of the stock from Buy to Neutral in a flash note released to investors on May 01. JMP Securities seeing the stock struggling downgraded it from Mkt Outperform to Mkt Perform on April 27 placing it at $135 to $125.

The average rating for the QLYS equity is 2.68 and is currently gathering a bullish momentum. Of 17 analysts tracking Qualys, Inc. polled by Reuters, 10 rated QLYS as a hold. The remaining 7 analysts were split evenly. However, the split wasn’t equal as a majority (6) rated it as a buy or strong buy. 1 analyst advised investors against buying the stock or to sell if they own any of the stock.

Elsewhere, the QLYS stock price is 37.84X ahead of its 12-month Consensus earnings per share estimates. The stocks P/S ratio currently stands at 57.5 above the group’s average of 35.5. Qualys, Inc. has its P/E ratio at 10.5, which means that the stock is currently trading at a discount relative to the 12.5 industry average.

Zacks Consensus Estimate forecasts that the current-quarter revenues for Qualys, Inc. (NASDAQ:QLYS) will decrease by about -99.9%, which will see them reach $88.15 million. The company’s full-year revenues are, however, expected to increase by about 11.13%, up from $321.61 million to $357.39 million. QLYS’s expected adjusted earnings should surge almost 14.55% to end up at $0.63 per share, while for the fiscal year, analysts project the company’s earnings to grow by about 6.87% to record $2.49/share.

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