The stock of BMC Stock Holdings, Inc. (NASDAQ:BMCH) is now priced at $40.43 and the shares are 0.51 points up or 1.28% higher compared to its previous closing price of $39.92. The stock had 2.276 million contracts set over the past session. BMCH shares’ daily volume is compared to its average trading volume at 566670 shares. However, it has a float of 66.56 million and although its performance was 24.9% over the week, it’s one to watch. Analysts have given the BMCH stock a yearly average price target of $35.3 per share. It means the stock’s downside potential is -12.69% with the BMCH share price recently placing at $39.2 to $40.82. However, some brokerage firms have priced the stock below the average, including one that has called $33.

The shorts are climbing into the BMC Stock Holdings, Inc. stock, with the latest data on short interest released on August 14, 2020, showing that short interest numbers in the BMCH shares have risen. Short interest in the stock represents just 2.24% of its float, but the volume has raised by 328701. The volume of shorted shares rised to 1.491 million from 1.162 million shares over the last two weeks. The average intraday trading volume has been 568971 shares, which means that days to cover moved to roughly 2.620525.

In the last trading session, BMC Stock Holdings, Inc. (NASDAQ:BMCH) raised by $8.06 over the week and gained $10.11 on its 20-day. The stock’s high in the recent session is lower when compared to its 52-week high of $42.33. The stock recorded its established 52-week high on 08/28/20.

Since 03/18/20, the stock has traded to a low of $13.38 at 202.17%, 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 1.72. Being above 1 means that the stock’s volatility is higher than the market and traders are keenly watching it.

Looking at current readings, BMC Stock Holdings, Inc.’s two-week RSI is 78.32. This suggests that the stock is oversold at the moment and that BMCH shares’ price movement remains not stable. The stochastic readings are equally revealing at 83.38% meaning the BMCH share price is currently in oversold territory.

The technical chart shows that the BMCH stock will likely settle at between $41.1 and $41.77 per share. However, if the stock dips below $39.48, then its market would become much weaker. Any downside could see the stock price sliding to levels as low as $38.53.

Currently, the stock is trading in the green of MACD, with a reading of 4.55. 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 B. Riley FBR raised their recommendation for BMCH from Neutral to Buy in August 05 review while maintain their target price of $37. Wedbush analysts upgraded their recommendation of the stock from Neutral to Outperform while keeping its target price at $29 to $35 in a flash note released to investors on August 04. The Benchmark Company seeing the improvements upgraded the stock from Hold to Buy on June 18, placing it at $30.

The average rating for the BMCH equity is 2.45 and is currently gathering a bullish momentum. Of 11 analysts tracking BMC Stock Holdings, Inc. polled by Reuters, 4 rated BMCH as a hold. The remaining 7 analysts were split evenly. However, the split wasn’t equal as a majority (7) 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 BMCH stock price is 16.71X ahead of its 12-month Consensus earnings per share estimates. The stocks P/S ratio currently stands at 22.8 below the group’s average of 60. BMC Stock Holdings, Inc. has its P/E ratio at 2.6, 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 BMC Stock Holdings, Inc. (NASDAQ:BMCH) will decrease by about -99.89%, which will see them reach $1050 million. The company’s full-year revenues are, however, expected to increase by about 8.82%, up from $3630 million to $3950 million. BMCH’s expected adjusted earnings should surge almost 5.17% to end up at $0.61 per share, while for the fiscal year, analysts project the company’s earnings to grow by about 13.68% to record $2.16/share.