MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) price on Friday, February 28, rose 2.58% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $115.66.
A look at the stock’s price movement, the close in the last trading session was $112.75. Turning to its 52-week performance, $152.50 and $84.21 were the 52-week high and 52-week low respectively. Overall, MTSI moved -8.86% over the past month.
MACOM Technology Solutions Holdings Inc’s market cap currently stands at around $8.60 billion, with investors looking forward to this quarter’s earnings report slated for in April.
Analysts have a consensus estimate of 230.04M for the company’s revenue for the quarter, with a low and high estimate of 229M and 231M respectively. The average forecast suggests up to a 26.93% 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 to grow to 929.33M, representing a 27.38% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that MTSI is a 50% Sell. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
8 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 8 recommend MTSI as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
MTSI’s current price about -6.63% and -11.79% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 36.55, while 7-day volatility ratio is 4.09% and 3.77% in the 30-day chart. Further, MACOM Technology Solutions Holdings Inc (MTSI) has a beta value of 1.75, and an average true range (ATR) of 4.82. Analysts have given the company’s stock an average 52-week price target of $120, forecast between a low of $120 and high of $120. Looking at the price targets, the low is -3.75% off current price level while to achieve the yearly target high, price needs to move -3.75%. Nonetheless, investors will most likely welcome a -3.75% jump to $120 which is the analysts’ median price.
If we refocus on MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI), historical trading data shows that trading volumes averaged 682.35K over the past 3 months. The company’s latest data on shares outstanding shows there are 74.36 million shares.
The 15.12% of MACOM Technology Solutions Holdings Inc’s shares are in the hands of company insiders while institutional holders own 84.29% of the company’s shares. Current price change has pushed the stock -10.97% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the MTSI stock continues to rise going into the next quarter.
