The stock of MSCI Inc. (NYSE:MSCI) is now priced at $363.87 and the shares are -7.08 points down or -1.91% lower compared to its previous closing price of $370.95. The stock had 421857 contracts set over the past session. MSCI shares’ daily volume is compared to its average trading volume at 581823 shares. However, it has a float of 80.94 million and although its performance was 3.6% over the week, it’s one to watch. Analysts have given the MSCI stock a yearly average price target of $372.43 per share. It means the stock’s upside potential is 2.35% with the MSCI share price recently placing at $362.46 to $380.62. However, some brokerage firms have priced the stock below the average, including one that has called $337.
The shorts are running away from the MSCI Inc. stock, with the latest data on short interest released on June 15, 2020, showing that short interest numbers in the MSCI shares have declined. Short interest in the stock represents just 1.09% of its float, but the volume has dropped by 0. The volume of shorted shares dropped to from shares over the last two weeks. The average intraday trading volume has been shares, which means that days to cover moved to roughly.
In the last trading session, MSCI Inc. (NYSE:MSCI) raised by $12.66 over the week and gained $42.92 on its 20-day. The stock’s high in the recent session is lower when compared to its 52-week high of $380.62. The stock recorded its established 52-week high on 07/13/20.
Since 08/05/19, the stock has traded to a low of $206.82 at 75.93%, 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 0.94. Being above 1 means that the stock’s volatility is higher than the market and traders are keenly watching it.
Looking at current readings, MSCI Inc.’s two-week RSI is 60.88. This suggests that the stock is neutral at the moment and that MSCI shares’ price movement remains stable. The stochastic readings are equally revealing at 82.05% meaning the MSCI share price is currently in oversold territory.
The technical chart shows that the MSCI stock will likely settle at between $375.51 and $387.14 per share. However, if the stock dips below $357.35, then its market would become much weaker. Any downside could see the stock price sliding to levels as low as $350.82.
Currently, the stock is trading in the green of MACD, with a reading of 14.28. 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 Atlantic Equities raised their recommendation for MSCI from Neutral to Overweight in February 12 review while maintain their target price of $340. Atlantic Equities analysts see the stock as a Neutral with a target price of $235 in a flash note released to investors on September 25 initiating covering the stock. UBS seeing the stock struggling downgraded it from Buy to Neutral on July 08 placing it at $234 to $258.
The average rating for the MSCI equity is 2.5 and is currently gathering a bullish momentum. Of 10 analysts tracking MSCI Inc. polled by Reuters, 5 rated MSCI 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 MSCI stock price is 46.16X ahead of its 12-month Consensus earnings per share estimates. The stocks P/S ratio currently stands at 59.4 above the group’s average of 31.5. MSCI Inc. has its P/E ratio at 0, which means that the stock is currently trading at a discount relative to the 6.3 industry average.
Zacks Consensus Estimate forecasts that the current-quarter revenues for MSCI Inc. (NYSE:MSCI) will decrease by about -99.9%, which will see them reach $409.63 million. The company’s full-year revenues are, however, expected to increase by about 7.05%, up from $1560 million to $1670 million. MSCI’s expected adjusted earnings should surge almost 7.79% to end up at $1.66 per share, while for the fiscal year, analysts project the company’s earnings to grow by about 8.7% to record $7/share.