The stock of Xtant Medical Holdings, Inc. (NYSE:XTNT) is now priced at $1.47 and the shares are 0.36 points up or 32.43% higher compared to its previous closing price of $1.11. The stock had 45.33 million contracts set over the past session. XTNT shares’ daily volume is compared to its average trading volume at 703826 shares. However, it has a float of 12.38 million and although its performance was 22.5% over the week, it’s one to watch. Analysts have given the XTNT stock a yearly average price target of $1 per share. It means the stock’s downside potential is -31.97% with the XTNT share price recently placing at $1.1 to $2.87. However, some brokerage firms have priced the stock below the average, including one that has called $1.
The shorts are running away from the Xtant Medical Holdings, Inc. stock, with the latest data on short interest released on July 31, 2020, showing that short interest numbers in the XTNT shares have declined. Short interest in the stock represents just 0.08% of its float, but the volume has dropped by 0.
In the last trading session, Xtant Medical Holdings, Inc. (NYSE:XTNT) raised by $0.27 over the week and gained $0.5401 on its 20-day. The stock’s high in the recent session is lower when compared to its 52-week high of $3.5. The stock recorded its established 52-week high on 05/21/20.
Since 03/18/20, the stock has traded to a low of $0.55 at 167.27%, 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 1.68. Being above 1 means that the stock’s volatility is higher than the market and traders are keenly watching it.
Looking at current readings, Xtant Medical Holdings, Inc.’s two-week RSI is 68.04. This suggests that the stock is neutral at the moment and that XTNT shares’ price movement remains stable. The stochastic readings are equally revealing at 35.78% meaning the XTNT share price is currently in neutral territory.
The technical chart shows that the XTNT stock will likely settle at between $2.5267 and $3.5833 per share. However, if the stock dips below $0.7567, then its market would become much weaker. Any downside could see the stock price sliding to levels as low as $0.0433.
Currently, the stock is trading in the green of MACD, with a reading of 0.0967. 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 though raised target price of XTNT stock from $10 to $6 but maintained Buy recommendation in their November 15 review. Maxim Group analysts see the stock as a Buy, but they also dropped the share’s target price from $18 to $10 in a flash note released to investors on February 14.
The average rating for the XTNT equity is 3 and is currently gathering a bullish momentum. Of 1 analysts tracking Xtant Medical Holdings, Inc. polled by Reuters, 1 rated XTNT as a hold. The remaining 0 analysts were split evenly. However, the split wasn’t equal as a majority (0) 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.
The stocks P/S ratio currently stands below the group’s average of 43. Xtant Medical Holdings, Inc. has its P/E ratio at 0, which means that the stock is currently trading at a discount relative to the 4.6 industry average.
Zacks Consensus Estimate forecasts that the current-quarter revenues for Xtant Medical Holdings, Inc. (NYSE:XTNT) will decrease by about -99.85%, which will see them reach $16.03 million. The company’s full-year revenues are, however, expected to diminish by about -6.46%, down from $64.68 million to $60.5 million. XTNT’s expected adjusted earnings should drop almost -47.62% to end up at -$0.11 per share, while for the fiscal year, analysts project the company’s earnings to drop by about -16.13% to record -$0.52/share.