Analyst Revises Vonage Holdings Corp. (NYSE:VG) Stock Target


Vonage Holdings Corp. (NYSE:VG) mean price target has been set at $7.630 by Thomson Reuters. The group worked out on the stock recommendations given by analysts in the First Call poll. Further, it is possible that the company may register per share earnings of $0.060 in the near-term quarter and $0.280 for the ongoing fiscal. The market cap of Vonage Holdings Corp. Common St was recorded at $1.35B after the stock closed at $5.730 in last trading day.

What The Valuation Says?

The price/earnings ratio is taken in the list of ratios that leads to a stock’s valuation. Commonly named as P/E ratio, it helps investors know where the company stands in the market. It is derived by dividing share’s latest price by per-share earnings. Vonage Holdings Corp. (NYSE:VG) has a P/E ratio of 88.099. Investors can identify how the stock is doing in the market by estimating Price-to-Earnings Growth ratio.

Vonage Holdings Corp. (NYSE:VG) PEG ratio sits at -11.700. A low PEG ratio offers an investment opportunity to the opportunistic traders and investors. In case a stock has a reading in between 0 and 1, it represents undervalued stock. A reading of 1 and 2 represents fairly priced stocks.

Technical Perspective

The technical analysis of Vonage Holdings Corp. Common St visibly illustrates that the 50-day MA of Vonage Holdings Corp. Common St is $5.867, and stock is trading $0.388 points away or +6.605% from its 50-day moving average of $5.867. Further it is trading $1.221 or +24.247% away its 200-day moving average of $5.034. Vonage Holdings Corp. (NYSE:VG) 52-week high is $7.420 and the 52-week low is $3.820. This represents that if the stock moves $-1.165 points up on the chart to it will make a 52-week high. But, if it declines +63.743%, then the shares price can hit a new 52-week low.

1 Chart Pattern Every Investor Should Know

This little-known pattern preceded moves of 578% in ARWR, 562% in LCI, 513% in ICPT, 439% in EGRX, 408% in ADDUS and more...

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