Time for Investors to Take the Plunge on Yahoo! Inc. (NASDAQ:YHOO)

Equity Research firms currently have a positive stance on shares of Yahoo! Inc. (NASDAQ:YHOO). The majority of analysts covering the equity have either a Buy or Strong Buy recommendation on the stock, yielding a consensus score of 2.30. This is based on the research brokerage reports taken into consideration by Thomson Reuters. Those same analysts are projecting that the stock will reach $43.08 on a short term basis.

At the time of writing, the stock was trading at $43.10. This represents a change from the opening price of -0.23%. In terms of performance, year to date, the stock is 29.68%. The monthly stock performance comes in at 0.47%. For the quarter, shares are performing at 15.01%. Weekly performance analysis shows the equity at 1.99%.

In taking a look at technical levels, shares are trading 2.77% away from the 50 day simple moving average and 18.47% away from the 200 day simple moving average. Based on a recent bid, the stock is trading -4.05% away from it’s 52- week high and 64.82% 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, Yahoo! Inc.’s RSI stands at 52.88. In looking at volatility levels, the shares saw weekly volatility of 1.56% and 2.07% over the past month.

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