Sandisk Corp (NASDAQ:SNDK) price on Wednesday, May 21, fall -3.93% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $38.60.
A look at the stock’s price movement, the close in the last trading session was $40.18. Turning to its 52-week performance, $58.36 and $27.89 were the 52-week high and 52-week low respectively. Overall, SNDK moved 30.32% over the past month.
Sandisk Corp’s market cap currently stands at around $5.61 billion, with investors looking forward to this quarter’s earnings report slated for in June.
Analysts have a consensus estimate of 1.78B for the company’s revenue for the quarter, with a low and high estimate of 1.7B and 1.8B respectively.
SNDK’s current price about 5.61% and -4.36% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 52.49, while 7-day volatility ratio is 4.60% and 5.84% in the 30-day chart. Further, Sandisk Corp (SNDK) has a beta value of 0, and an average true range (ATR) of 2.66. 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 -55.44% off current price level while to achieve the yearly target high, price needs to move -107.25%. Nonetheless, investors will most likely welcome a -68.39% 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 4.21 million over the past 3 months. The company’s latest data on shares outstanding shows there are 145.00 million shares.
The 20.60% of Sandisk Corp’s shares are in the hands of company insiders while institutional holders own 74.42% of the company’s shares. Current price change has pushed the stock 7.22% 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.
