The stock of Medallia, Inc. (NYSE:MDLA) is now priced at $37.9 and the shares are 1.71 points up or 4.73% higher compared to its previous closing price of $36.19. The stock had 1.785 million contracts set over the past session. MDLA shares’ daily volume is compared to its average trading volume at 1.56 million shares. However, it has a float of 128 million and although its performance was 12.73% over the week, it’s one to watch. Analysts have given the MDLA stock a yearly average price target of $33.73 per share. It means the stock’s downside potential is -11% with the MDLA share price recently placing at $35.95 to $37.9. However, some brokerage firms have priced the stock below the average, including one that has called $27.

The shorts are running away from the Medallia, Inc. stock, with the latest data on short interest released on July 31, 2020, showing that short interest numbers in the MDLA shares have declined. Short interest in the stock represents just 9.71% of its float, but the volume has dropped by 0.

Since 04/03/20, the stock has traded to a low of $16.04 at 136.28%, an encouraging piece of data likely to interest most investors out to exploit the stock’s recent surge.

Looking at current readings, Medallia, Inc.’s two-week RSI is 81.3. This suggests that the stock is oversold at the moment and that MDLA shares’ price movement remains not stable. The stochastic readings are equally revealing at 95.33% meaning the MDLA share price is currently in oversold territory.

The technical chart shows that the MDLA stock will likely settle at between $38.55 and $39.2 per share. However, if the stock dips below $36.6, then its market would become much weaker. Any downside could see the stock price sliding to levels as low as $35.3.

Currently, the stock is trading in the green of MACD, with a reading of 2.28. 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 MDLA a rating of Buy in their intiating review released on July 21. Robert W. Baird analysts see the stock as a Outperform with a target price of $40 in a flash note released to investors on January 17 initiating covering the stock. William Blair analysts see the stock as Outperform when the analysts initiated the share price coverage on August 13.

The average rating for the MDLA equity is 1.75 and is currently gathering a bullish momentum. Of 13 analysts tracking Medallia, Inc. polled by Reuters, 2 rated MDLA as a hold. The remaining 11 analysts were split evenly. However, the split wasn’t equal as a majority (11) 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 MDLA stock price is 473.75X ahead of its 12-month Consensus earnings per share estimates. The stocks P/S ratio currently stands below the group’s average of 6367.1. Medallia, Inc. has its P/E ratio at 12.6, which means that the stock is currently trading at a premium relative to the 11.6 industry average.

Zacks Consensus Estimate forecasts that the current-quarter revenues for Medallia, Inc. (NYSE:MDLA) will decrease by about -99.9%, which will see them reach $110 million. The company’s full-year revenues are, however, expected to increase by about 14.91%, up from $402 million to $462 million. MDLA’s expected adjusted earnings should drop almost -100% to end up at $0 per share, while for the fiscal year, analysts project the company’s earnings to drop by about -200% to record $0.02/share.