Sandisk Corp (NASDAQ:SNDK) price on current trading day, rose 13.08% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $36.58.
A look at the stock’s price movement, the close in the last trading session was $32.35, moving within a range at $31.26 and $39.65. Turning to its 52-week performance, $58.36 and $27.89 were the 52-week high and 52-week low respectively. Overall, SNDK moved -29.87% over the past month.
Sandisk Corp’s market cap currently stands at around $4.20 billion, with investors looking forward to this quarter’s earnings report slated for in May.
SNDK’s current price about -23.29% and -23.05% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 39.24, while 7-day volatility ratio is 20.82% and 9.29% in the 30-day chart. Further, Sandisk Corp (SNDK) has a beta value of 0, and an average true range (ATR) of 4.73. Analysts have given the company’s stock an average 52-week price target of $65, forecast between a low of $60 and high of $80. Looking at the price targets, the low is -64.02% off current price level while to achieve the yearly target high, price needs to move -118.7%. Nonetheless, investors will most likely welcome a -77.69% jump to $65 which is the analysts’ median price.
If we refocus on Sandisk Corp (NASDAQ:SNDK), historical trading data shows that trading volumes averaged 4.82 over the past 10 days and 4.88 million over the past 3 months. The company’s latest data on shares outstanding shows there are 114.86 million shares.
The 20.56% of Sandisk Corp’s shares are in the hands of company insiders while institutional holders own 0.57% of the company’s shares. Current price change has pushed the stock 1.61% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the SNDK stock continues to rise going into the next quarter.
