Sailpoint Inc (NASDAQ:SAIL) price on Friday, February 28, rose 1.69% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $24.00.
A look at the stock’s price movement, the close in the last trading session was $23.60. Turning to its 52-week performance, $26.35 and $20.77 were the 52-week high and 52-week low respectively.
Sailpoint Inc’s market cap currently stands at around $13.36 billion, with investors looking forward to this quarter’s earnings report slated for in April.
1 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, 1 recommend SAIL 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.
SAIL’s current price about 0.07% and 0.07% off the 20-day and 50-day simple moving averages respectively. Further, Sailpoint Inc (SAIL) has a beta value of 0, and an average true range (ATR) of 1.54. Analysts have given the company’s stock an average 52-week price target of $65, forecast between a low of $55 and high of $75. Looking at the price targets, the low is -129.17% off current price level while to achieve the yearly target high, price needs to move -212.5%. Nonetheless, investors will most likely welcome a -170.83% jump to $65 which is the analysts’ median price.
If we refocus on Sailpoint Inc (NASDAQ:SAIL), historical trading data shows that trading volumes averaged 7.65 million over the past 3 months. The company’s latest data on shares outstanding shows there are 546.56 million shares.
The 89.13% of Sailpoint Inc’s shares are in the hands of company insiders. Current price change has pushed the stock 9.09% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the SAIL stock continues to rise going into the next quarter.
