The stock of The ExOne Company (NASDAQ:XONE) is now priced at $11.56 and the shares are 1.51 points up or 15.02% higher compared to its previous closing price of $10.05. The stock had 3.505 million contracts set over the past session. XONE shares’ daily volume is compared to its average trading volume at 0.207 million shares. However, it has a float of 11.72 million and although its performance was 15.83% over the week, it’s one to watch. Analysts have given the XONE stock a yearly average price target of $10.5 per share. It means the stock’s downside potential is -9.17% with the XONE share price recently placing at $9.9671 to $12. However, some brokerage firms have priced the stock below the average, including one that has called $9.
The shorts are running away from the The ExOne Company stock, with the latest data on short interest released on August 14, 2020, showing that short interest numbers in the XONE shares have declined. Short interest in the stock represents just 17.19% of its float, but the volume has dropped by -124972. The volume of shorted shares dropped to 2.013 million from 2.138 million shares over the last two weeks. The average intraday trading volume has been 164530 shares, which means that days to cover moved to roughly 12.237337.
In the last trading session, The ExOne Company (NASDAQ:XONE) raised by $1.58 over the week and gained $2.8 on its 20-day. The stock’s high in the recent session is lower when compared to its 52-week high of $12. The stock recorded its established 52-week high on 08/28/20.
Since 03/16/20, the stock has traded to a low of $3.55 at 225.63%, 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 2.3. Being above 1 means that the stock’s volatility is higher than the market and traders are keenly watching it.
Looking at current readings, The ExOne Company’s two-week RSI is 75.35. This suggests that the stock is oversold at the moment and that XONE shares’ price movement remains not stable. The stochastic readings are equally revealing at 64.57% meaning the XONE share price is currently in neutral territory.
The technical chart shows that the XONE stock will likely settle at between $12.38 and $13.21 per share. However, if the stock dips below $10.35, then its market would become much weaker. Any downside could see the stock price sliding to levels as low as $9.14.
Currently, the stock is trading in the green of MACD, with a reading of 0.38. 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.
The average rating for the XONE equity is 1.5 and is currently gathering a bullish momentum. Of 3 analysts tracking The ExOne Company polled by Reuters, 1 rated XONE as a hold. The remaining 2 analysts were split evenly. However, the split wasn’t equal as a majority (2) 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 32.9. The ExOne Company has its P/E ratio at 4.5, 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 The ExOne Company (NASDAQ:XONE) will decrease by about -99.89%, which will see them reach $12.48 million. The company’s full-year revenues are, however, expected to diminish by about -1.31%, down from $53.28 million to $52.58 million. XONE’s expected adjusted earnings should drop almost -33.33% to end up at -$0.2 per share, while for the fiscal year, analysts project the company’s earnings to drop by about -13.98% to record -$0.8/share.