Twitter Inc. (NYSE:TWTR) price on Friday, May 27, rose 0.94% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $39.89.
A look at the stock’s price movement, the level at last check in today’s session was $39.52, moving within a range at $38.23 and $39.5899. The beta value (5-Year monthly) was 0.80 while the PE ratio in trailing twelve months stood at 163.31. Turning to its 52-week performance, $73.34 and $31.30 were the 52-week high and 52-week low respectively. Overall, TWTR moved -18.75% over the past month.
Twitter Inc.’s market cap currently stands at around $29.41 billion, with investors looking forward to this quarter’s earnings report slated for Apr 27, 2022 – May 02, 2022. Analysts project the company’s earnings per share (EPS) to be $0.15, which has seen fiscal year 2022 EPS growth forecast to increase to $1.68 and about $1.29 for fiscal year 2023. Per the data, EPS growth is expected to be 740.00% for 2022 and -23.20% for the next financial year.
Analysts have a consensus estimate of $1.33 billion for the company’s revenue for the quarter, with a low and high estimate of $1.23 billion and $1.45 billion respectively. The average forecast suggests up to a 24.50% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue for 2022 to grow to $5.89 billion, representing a 16.00% jump on that reported in the last financial year.
Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that TWTR is a 50% Sell. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
TWTR’s current price about -7.42% and -8.91% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 44.28, while 7-day volatility ratio is 3.90% and 4.16% in the 30-day chart. Further, Twitter Inc. (TWTR) has a beta value of 0.67, and an average true range (ATR) of 2.23. Analysts have given the company’s stock an average 52-week price target of $53.19, forecast between a low of $38.00 and high of $75.00. Looking at the price targets, the low is 4.74% off recent price level in today’s trading while to achieve the yearly target high, it has to move -88.02%. Nonetheless, investors will most likely welcome a -35.62% jump to $54.10 which is the analysts’ median price.
In the market, a comparison of Twitter Inc. (TWTR) and its peers suggest the former has performed considerably stronger. Data shows TWTR’s intraday price has changed 0.94% today and -31.96% over the past year. Comparatively, Microsoft Corporation (MSFT) has moved 1.88% so far today and only 6.65% in the past 12 months. Looking at another peer, we see that Alphabet Inc. (GOOG) price has gained 2.91% on the day. However, the stock is -9.85% off its price today a year ago. Moreover, Alphabet Inc. (GOOGL) is also up 3.13% in today’s trading while keeping a a downtrend of -8.75% over the past year. If we look at the PE ratio, we find that Twitter Inc.’s ratio stands at 163.31 compared to Microsoft Corporation’s 27.74 and Alphabet Inc.’s 20.87. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are up 1.57% and 0.87% respectively on the day as seen in early trades.
If we refocus on Twitter Inc. (NYSE:TWTR), historical trading data shows that trading volumes averaged 53.46 million over the past 3 months. The company’s latest data on shares outstanding shows there are 778.94 million shares.
The 0.50% of Twitter Inc.’s shares are in the hands of company insiders while institutional holders own 73.00% of the company’s shares. Current price change has pushed the stock -8.56% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the TWTR stock continues to rise going into the next quarter.