The stock of Nautilus, Inc. (NYSE:NLS) is now priced at $13.85 and the shares are 2 points up or 16.88% higher compared to its previous closing price of $11.85. The stock had 3.364 million contracts set over the past session. NLS shares’ daily volume is compared to its average trading volume at 1.501 million shares. However, it has a float of 29.32 million and although its performance was 23.66% over the week, it’s one to watch. Analysts have given the NLS stock a yearly average price target of $10 per share. It means the stock’s downside potential is -27.8% with the NLS share price recently placing at $11.8 to $14.24. However, some brokerage firms have priced the stock below the average, including one that has called $17.
The shorts are running away from the Nautilus, Inc. stock, with the latest data on short interest released on July 31, 2020, showing that short interest numbers in the NLS shares have declined. Short interest in the stock represents just 12.5% of its float, but the volume has dropped by 0.
In the last trading session, Nautilus, Inc. (NYSE:NLS) raised by $2.65 over the week and gained $2.49 on its 20-day. The stock’s high in the recent session is lower when compared to its 52-week high of $15.91. The stock recorded its established 52-week high on 08/11/20.
Since 03/20/20, the stock has traded to a low of $1.2 at 1054.17%, 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 2.34. Being above 1 means that the stock’s volatility is higher than the market and traders are keenly watching it.
Looking at current readings, Nautilus, Inc.’s two-week RSI is 63.28. This suggests that the stock is neutral at the moment and that NLS shares’ price movement remains stable. The stochastic readings are equally revealing at 46% meaning the NLS share price is currently in neutral territory.
The technical chart shows that the NLS stock will likely settle at between $14.79 and $15.74 per share. However, if the stock dips below $12.35, then its market would become much weaker. Any downside could see the stock price sliding to levels as low as $10.86.
Currently, the stock is trading in the green of MACD, with a reading of 0.54. 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 SunTrust raised their recommendation for NLS from Hold to Buy in April 23 review while maintain their target price of $8. ROTH Capital analysts see the stock as a Buy with a target price of $3 in a flash note released to investors on March 26 initiating covering the stock. Lake Street seeing the improvements upgraded the stock from Hold to Buy on February 25, placing it at $6.
The average rating for the NLS equity is 2 and is currently gathering a bullish momentum. Of 4 analysts tracking Nautilus, Inc. polled by Reuters, 0 rated NLS as a hold. The remaining 4 analysts were split evenly. However, the split wasn’t equal as a majority (4) 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 NLS stock price is 14.61X ahead of its 12-month Consensus earnings per share estimates.
Zacks Consensus Estimate forecasts that the current-quarter revenues for Nautilus, Inc. (NYSE:NLS) will decrease by about -99.91%, which will see them reach $105 million. The company’s full-year revenues are, however, expected to increase by about 43.84%, up from $309 million to $445 million. NLS’s expected adjusted earnings should drop almost -166.67% to end up at $0.24 per share, while for the fiscal year, analysts project the company’s earnings to drop by about -262.86% to record $1.14/share.