The stock of Vocera Communications, Inc. (NYSE:VCRA) is now priced at $31.44 and the shares are 0.04 points up or 0.13% higher compared to its previous closing price of $31.4. The stock had 1.175 million contracts set over the past session. VCRA shares’ daily volume is compared to its average trading volume at 406788 shares. However, it has a float of 30.9 million and although its performance was 36.58% over the week, it’s one to watch. Analysts have given the VCRA stock a yearly average price target of $22.73 per share. It means the stock’s downside potential is -27.7% with the VCRA share price recently placing at $29.3 to $33.85. However, some brokerage firms have priced the stock below the average, including one that has called $18.
The shorts are running away from the Vocera Communications, Inc. stock, with the latest data on short interest released on June 30, 2020, showing that short interest numbers in the VCRA shares have declined. Short interest in the stock represents just 17.2% of its float, but the volume has dropped by 0.
In the last trading session, Vocera Communications, Inc. (NYSE:VCRA) raised by $7.92 over the week and gained $10.24 on its 20-day. The stock’s high in the recent session is lower when compared to its 52-week high of $33.85. The stock recorded its established 52-week high on 07/28/20.
Since 03/18/20, the stock has traded to a low of $15.89 at 97.86%, 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 0.07. Being above 1 means that the stock’s volatility is higher than the market and traders are keenly watching it.
Looking at current readings, Vocera Communications, Inc.’s two-week RSI is 85.87. This suggests that the stock is oversold at the moment and that VCRA shares’ price movement remains not stable. The stochastic readings are equally revealing at 81.73% meaning the VCRA share price is currently in oversold territory.
The technical chart shows that the VCRA stock will likely settle at between $32.43 and $33.43 per share. However, if the stock dips below $30.35, then its market would become much weaker. Any downside could see the stock price sliding to levels as low as $29.27.
Currently, the stock is trading in the green of MACD, with a reading of 3.58. 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 Craig Hallum raised their recommendation for VCRA from Hold to Buy in July 28 review while maintain their target price of $21 to $30. SVB Leerink analysts see the stock as a Underperform with a target price of $ in a flash note released to investors on April 13 initiating covering the stock. Robert W. Baird seeing the improvements upgraded the stock from Neutral to Outperform on February 18, placing it at $22 to $32.
The average rating for the VCRA equity is 2.08 and is currently gathering a bullish momentum. Of 12 analysts tracking Vocera Communications, Inc. polled by Reuters, 3 rated VCRA as a hold. The remaining 9 analysts were split evenly. However, the split wasn’t equal as a majority (8) 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 VCRA stock price is 101.29X ahead of its 12-month Consensus earnings per share estimates. The stocks P/S ratio currently stands below the group’s average of 33.4. Vocera Communications, Inc. has its P/E ratio at 6.3, which means that the stock is currently trading at a premium relative to the 3.6 industry average.
Zacks Consensus Estimate forecasts that the current-quarter revenues for Vocera Communications, Inc. (NYSE:VCRA) will decrease by about -99.88%, which will see them reach $50.44 million. The company’s full-year revenues are, however, expected to increase by about 5.48%, up from $180.5 million to $190.39 million. VCRA’s expected adjusted earnings should drop almost -43.48% to end up at $0.13 per share, while for the fiscal year, analysts project the company’s earnings to drop by about -13.33% to record $0.26/share.