Stock To Watch: ABAXIS, Inc. (NASDAQ:ABAX)


The leading market experts have placed a mean price target of $49.58 on ABAXIS, Inc. (NASDAQ:ABAX) stock. This price level, which is estimated to be attained in one-year indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.36 a share for the upcoming quarter and $1.41 for the current fiscal. Technical View The technical analysis of ABAXIS, Inc. plainly substantiates that the 50-day moving average of ABAXIS, Inc. is $47.38, and stock is hovering 6.48 or +13.67% distant from $47.38. It is noted that the 200-day MA is $45.56, and ABAXIS, Inc. stock is $8.30 or +18.21% off from this point. ABAXIS, Inc. (NASDAQ:ABAX) 52-week high is $58.15 and the 52-week low is $37.71. This explains if the stock moves $-4.29, it will post a 52-week high. In event of $+42.83% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of ABAXIS, Inc., shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, ABAXIS, Inc. (NASDAQ:ABAX) ratio came in at 38.92. The stock last ended the trading session at $53.86 and registered a market cap of $1.21B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. ABAXIS, Inc. (NASDAQ:ABAX) PEG ratio is at 2.15.

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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