The stock of So-Young International Inc. (NASDAQ:SY) is now priced at $12.57 and the shares are 0.88 points up or 7.53% higher compared to its previous closing price of $11.69. The stock had 1.363 million contracts set over the past session. SY shares’ daily volume is compared to its average trading volume at 0.821 million shares. However, it has a float of 13 million and although its performance was -3.38% over the week, it’s one to watch. Analysts have given the SY stock a yearly average price target of $15.62 per share. It means the stock’s upside potential is 24.26% with the SY share price recently placing at $11.51 to $12.9. However, some brokerage firms have priced the stock below the average, including one that has called $¥89.44.
The shorts are climbing into the So-Young International Inc. stock, with the latest data on short interest released on August 14, 2020, showing that short interest numbers in the SY shares have risen. Short interest in the stock represents just 10.38% of its float, but the volume has raised by 139085. The volume of shorted shares rised to 1.349 million from 1.21 million shares over the last two weeks. The average intraday trading volume has been 382924 shares, which means that days to cover moved to roughly 3.523091.
In the last trading session, So-Young International Inc. (NASDAQ:SY) dropped by -$0.44 over the week and lost -$1.76 on its 20-day. The stock’s high in the recent session is lower when compared to its 52-week high of $16.06. The stock recorded its established 52-week high on 07/06/20.
Since 03/23/20, the stock has traded to a low of $8.03 at 56.54%, an encouraging piece of data likely to interest most investors out to exploit the stock’s recent surge.
Looking at current readings, So-Young International Inc.’s two-week RSI is 46.61. This suggests that the stock is neutral at the moment and that SY shares’ price movement remains stable. The stochastic readings are equally revealing at 34.69% meaning the SY share price is currently in neutral territory.
The technical chart shows that the SY stock will likely settle at between $13.14 and $13.72 per share. However, if the stock dips below $11.75, then its market would become much weaker. Any downside could see the stock price sliding to levels as low as $10.94.
Currently, the stock is trading in the red of MACD, with a reading of -0.46. 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 SY a rating of Buy in their resuming review released on April 23. Jefferies analysts see the stock as a Buy in a flash note released to investors on December 05 initiating covering the stock. Needham analysts see the stock as Buy when the analysts initiated the share price coverage on May 28, placing it at $16.5.
The average rating for the SY equity is 1.44 and is currently gathering a bullish momentum. Of 9 analysts tracking So-Young International Inc. polled by Reuters, 0 rated SY as a hold. The remaining 9 analysts were split evenly. However, the split wasn’t equal as a majority (9) 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 SY stock price is 1.94X ahead of its 12-month Consensus earnings per share estimates.
Zacks Consensus Estimate forecasts that the current-quarter revenues for So-Young International Inc. (NASDAQ:SY) will decrease by about -99.86%, which will see them reach $65.11 million. The company’s full-year revenues are, however, expected to increase by about 30.61%, up from $165 million to $215 million. SY’s expected adjusted earnings should surge almost 160% to end up at $0.13 per share, while for the fiscal year, analysts project the company’s earnings to drop by about -18.75% to record $0.39/share.