Stock To Watch: Acacia Research Corporation (NASDAQ:ACTG)


The leading market experts have placed a mean price target of $6.67 on Acacia Research Corporation (NASDAQ:ACTG) 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 $0.08 a share for the upcoming quarter and $0.22 for the current fiscal. Technical View The technical analysis of Acacia Research Corporation plainly substantiates that the 50-day moving average of Acacia Research Corporation is $4.64, and stock is hovering 0.77 or +16.56% distant from $4.64. It is noted that the 200-day MA is $4.23, and Acacia Research Corporation stock is $1.18 or +27.99% off from this point. Acacia Research Corporation (NASDAQ:ACTG) 52-week high is $10.63 and the 52-week low is $2.82. This explains if the stock moves $-5.22, it will post a 52-week high. In event of $+91.84% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of Acacia Research Corporation, 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, Acacia Research Corporation (NASDAQ:ACTG) ratio came in at N/A. The stock last ended the trading session at $5.41 and registered a market cap of $270.58M. 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. Acacia Research Corporation (NASDAQ:ACTG) PEG ratio is at 1.23.

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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