Silicon Laboratories Inc (NASDAQ:SLAB) price on Friday, June 13, fall -2.31% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $137.87.
A look at the stock’s price movement, the close in the last trading session was $141.13. Turning to its 52-week performance, $160.00 and $82.82 were the 52-week high and 52-week low respectively. Overall, SLAB moved 3.69% over the past month.
Silicon Laboratories Inc’s market cap currently stands at around $4.49 billion, with investors looking forward to this quarter’s earnings report slated for in July.
Analysts have a consensus estimate of 192.57M for the company’s revenue for the quarter, with a low and high estimate of 192.46M and 193M respectively. The average forecast suggests up to a 32.47% 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 787.44M, representing a 34.75% jump on that reported in the last financial year.
9 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, 4 recommend SLAB 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 Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
SLAB’s current price about 7.63% and 21.96% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 65.18, while 7-day volatility ratio is 3.04% and 2.56% in the 30-day chart. Further, Silicon Laboratories Inc (SLAB) has a beta value of 1.43, and an average true range (ATR) of 5.12. Analysts have given the company’s stock an average 52-week price target of $100, forecast between a low of $100 and high of $100. Looking at the price targets, the low is 27.47% off current price level while to achieve the yearly target high, price needs to move 27.47%. Nonetheless, investors will most likely welcome a 27.47% jump to $100 which is the analysts’ median price.
If we refocus on Silicon Laboratories Inc (NASDAQ:SLAB), historical trading data shows that trading volumes averaged 412.91K over the past 3 months. The company’s latest data on shares outstanding shows there are 32.47 million shares.
The 2.48% of Silicon Laboratories Inc’s shares are in the hands of company insiders while institutional holders own 106.13% of the company’s shares. Current price change has pushed the stock 10.99% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the SLAB stock continues to rise going into the next quarter.
