The leading market experts have placed a mean price target of $50.25 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 $0.34 a share for the upcoming quarter and $1.36 for the current fiscal.
The technical analysis of ABAXIS, Inc. plainly substantiates that the 50-day moving average of ABAXIS, Inc. is $50.31, and stock is trading $-0.19 points away or -0.37% from its 50-day moving average of $50.31. Further it is trading $4.30 or +9.39% away its 200-day moving average of $45.82. ABAXIS, Inc. (NASDAQ:ABAX) 52-week high is $58.15 and the 52-week low is $37.71.
This explains if the stock moves $-8.03, it will post a 52-week high. In event of +32.91% 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 36.45.
The stock last ended the trading session at $50.12 and registered a market cap of $1.13B. 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 2.08.
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