Time for Investors to Take the Plunge on Splunk, Inc. (NASDAQ:SPLK)

Equity Research firms currently have a positive stance on shares of Splunk, Inc. (NASDAQ:SPLK). The majority of analysts covering the equity have either a Buy or Strong Buy recommendation on the stock, yielding a consensus score of 2.00. This is based on the research brokerage reports taken into consideration by Thomson Reuters. Those same analysts are projecting that the stock will reach $69.61 on a short term basis.

At the time of writing, the stock was trading at $60.27. This represents a change from the opening price of 0.32%. In terms of performance, year to date, the stock is 4.03%. The monthly stock performance comes in at 5.14%. For the quarter, shares are performing at 13.82%. Weekly performance analysis shows the equity at 6.23%.

In taking a look at technical levels, shares are trading -0.73% away from the 50 day simple moving average and 13.91% away from the 200 day simple moving average. Based on a recent bid, the stock is trading -9.91% away from it’s 52- week high and 101.91% away from its 52 week low. After the recent moves, investors may also look to see if the stock has entered oversold or overbought territory and could be ripe for a bounce. As of writing, Splunk, Inc.’s RSI stands at 53.78. In looking at volatility levels, the shares saw weekly volatility of 2.67% and 2.43% over the past month.

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