Q2 Holdings Inc (NYSE:QTWO) price on Friday, February 28, rose 2.70% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $87.37.
A look at the stock’s price movement, the close in the last trading session was $85.07. Turning to its 52-week performance, $112.82 and $44.74 were the 52-week high and 52-week low respectively. Overall, QTWO moved -9.46% over the past month.
Q2 Holdings Inc’s market cap currently stands at around $5.31 billion, with investors looking forward to this quarter’s earnings report slated for in April.
Analysts have a consensus estimate of 186.49M for the company’s revenue for the quarter, with a low and high estimate of 183.13M and 188.02M respectively. The average forecast suggests up to a 12.68% 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 775.75M, representing a 11.38% 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 QTWO 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 Hold category.
16 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 5 analyst(s) rate the stock as a Hold, 11 recommend QTWO 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.
QTWO’s current price about -4.16% and -8.61% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 40.00, while 7-day volatility ratio is 3.57% and 4.05% in the 30-day chart. Further, Q2 Holdings Inc (QTWO) has a beta value of 1.63, and an average true range (ATR) of 3.68. Analysts have given the company’s stock an average 52-week price target of $92, forecast between a low of $72 and high of $120. Looking at the price targets, the low is 17.59% off current price level while to achieve the yearly target high, price needs to move -37.35%. Nonetheless, investors will most likely welcome a -5.3% jump to $92 which is the analysts’ median price.
If we refocus on Q2 Holdings Inc (NYSE:QTWO), historical trading data shows that trading volumes averaged 687.47K over the past 3 months. The company’s latest data on shares outstanding shows there are 60.73 million shares.
The 4.31% of Q2 Holdings Inc’s shares are in the hands of company insiders while institutional holders own 104.51% of the company’s shares. Current price change has pushed the stock -13.19% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the QTWO stock continues to rise going into the next quarter.
