The stock of Twilio Inc. (NYSE:TWLO) is now priced at $273.24 and the shares are 3.48 points up or 1.29% higher compared to its previous closing price of $269.76. The stock had 2.726 million contracts set over the past session. TWLO shares’ daily volume is compared to its average trading volume at 3.008 million shares. However, it has a float of 137 million and although its performance was 9.51% over the week, it’s one to watch. Analysts have given the TWLO stock a yearly average price target of $298.41 per share. It means the stock’s upside potential is 9.21% with the TWLO share price recently placing at $272 to $283.34. However, some brokerage firms have priced the stock below the average, including one that has called $210.
The shorts are running away from the Twilio Inc. stock, with the latest data on short interest released on July 31, 2020, showing that short interest numbers in the TWLO shares have declined. Short interest in the stock represents just 7.35% of its float, but the volume has dropped by 0.
In the last trading session, Twilio Inc. (NYSE:TWLO) raised by $23.73 over the week and lost -$10.52 on its 20-day. The stock’s high in the recent session is lower when compared to its 52-week high of $288.81. The stock recorded its established 52-week high on 08/03/20.
Since 03/16/20, the stock has traded to a low of $68.06 at 301.5%, 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 1.59. Being above 1 means that the stock’s volatility is higher than the market and traders are keenly watching it.
Looking at current readings, Twilio Inc.’s two-week RSI is 61.69. This suggests that the stock is neutral at the moment and that TWLO shares’ price movement remains stable. The stochastic readings are equally revealing at 79% meaning the TWLO share price is currently in oversold territory.
The technical chart shows that the TWLO stock will likely settle at between $280.39 and $287.53 per share. However, if the stock dips below $269.05, then its market would become much weaker. Any downside could see the stock price sliding to levels as low as $264.85.
Currently, the stock is trading in the green of MACD, with a reading of 9.39. 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 TWLO a rating of Outperform in their intiating review released on July 24. Cowen analysts see the stock as a Outperform, but they also raised the share’s target price from $230 to $260 in a flash note released to investors on July 17. JMP Securities analysts see the stock as Mkt Outperform. Nonetheless, the analysts revised the share prices up on July 15, placing it at $243 from $200.
The average rating for the TWLO equity is 1.96 and is currently gathering a bullish momentum. Of 27 analysts tracking Twilio Inc. polled by Reuters, 6 rated TWLO as a hold. The remaining 21 analysts were split evenly. However, the split wasn’t equal as a majority (21) 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 TWLO stock price is 1203.7X ahead of its 12-month Consensus earnings per share estimates. The stocks P/S ratio currently stands below the group’s average of 44.7. Twilio Inc. has its P/E ratio at 9, which means that the stock is currently trading at a premium relative to the 6.1 industry average.
Zacks Consensus Estimate forecasts that the current-quarter revenues for Twilio Inc. (NYSE:TWLO) will decrease by about -99.9%, which will see them reach $405 million. The company’s full-year revenues are, however, expected to increase by about 41.59%, up from $1130 million to $1600 million. TWLO’s expected adjusted earnings should drop almost -266.67% to end up at -$0.05 per share, while for the fiscal year, analysts project the company’s earnings to drop by about -37.5% to record $0.1/share.