The stock of ACI Worldwide, Inc. (NASDAQ:ACIW) is now priced at $25.43 and the shares are -0.29 points down or -1.13% lower compared to its previous closing price of $25.72. The stock had 441322 contracts set over the past session. ACIW shares’ daily volume is compared to its average trading volume at 719211 shares. However, it has a float of 113 million and although its performance was -3.49% over the week, it’s one to watch. Analysts have given the ACIW stock a yearly average price target of $35.33 per share. It means the stock’s upside potential is 38.93% with the ACIW share price recently placing at $25.38 to $26.41. However, some brokerage firms have priced the stock below the average, including one that has called $31.
The shorts are climbing into the ACI Worldwide, Inc. stock, with the latest data on short interest released on June 30, 2020, showing that short interest numbers in the ACIW shares have risen. Short interest in the stock represents just 5% of its float, but the volume has raised by 408412. The volume of shorted shares rised to 5.67 million from 5.262 million shares over the last two weeks. The average intraday trading volume has been 539036 shares, which means that days to cover moved to roughly 10.519409.
In the last trading session, ACI Worldwide, Inc. (NASDAQ:ACIW) dropped by -$0.92 over the week and lost -$1.05 on its 20-day. The stock’s high in the recent session is lower when compared to its 52-week high of $39.37. The stock recorded its established 52-week high on 01/09/20.
Since 03/19/20, the stock has traded to a low of $20.03 at 26.96%, 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 1.33. Being above 1 means that the stock’s volatility is higher than the market and traders are keenly watching it.
Looking at current readings, ACI Worldwide, Inc.’s two-week RSI is 44.31. This suggests that the stock is neutral at the moment and that ACIW shares’ price movement remains stable. The stochastic readings are equally revealing at 28.95% meaning the ACIW share price is currently in overbought territory.
The technical chart shows that the ACIW stock will likely settle at between $26.1 and $26.77 per share. However, if the stock dips below $25.07, then its market would become much weaker. Any downside could see the stock price sliding to levels as low as $24.71.
Currently, the stock is trading in the red of MACD, with a reading of -0.59. 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 Maxim Group assigned ACIW a rating of Buy in their intiating review released on May 29. Stephens analysts downgraded their recommendation of the stock from Overweight to Equal-Weight in a flash note released to investors on February 18. Canaccord Genuity analysts see the stock as Buy when the analysts initiated the share price coverage on December 19, placing it at $44.
The average rating for the ACIW equity is 1.8 and is currently gathering a bullish momentum. Of 6 analysts tracking ACI Worldwide, Inc. polled by Reuters, 1 rated ACIW as a hold. The remaining 5 analysts were split evenly. However, the split wasn’t equal as a majority (5) rated it as a buy or strong buy. 0 analyst advised investors against buying the stock or to sell if they own any of the stock.
Elsewhere, the ACIW stock price is 20.98X ahead of its 12-month Consensus earnings per share estimates. The stocks P/S ratio currently stands at 44.3 above the group’s average of 36.8. ACI Worldwide, Inc. has its P/E ratio at 2.8, which means that the stock is currently trading at a discount relative to the 13 industry average.
Zacks Consensus Estimate forecasts that the current-quarter revenues for ACI Worldwide, Inc. (NASDAQ:ACIW) will decrease by about -99.9%, which will see them reach $305.17 million. The company’s full-year revenues are, however, expected to increase by about 9.52%, up from $1.26 billion to $1380 million. ACIW’s expected adjusted earnings should drop almost -180% to end up at -$0.04 per share, while for the fiscal year, analysts project the company’s earnings to grow by about 15.79% to record $0.66/share.