The leading market experts have placed a mean price target of $43.20 on Cray Inc (NASDAQ:CRAY) 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 $1.41 for the current fiscal. Technical View The technical analysis of Cray Inc plainly substantiates that the 50-day moving average of Cray Inc is $33.34, and stock is hovering -2.93 or -8.80% distant from $33.34. It is noted that the 200-day MA is $36.46, and Cray Inc stock is $-6.05 or -16.59% off from this point. Cray Inc (NASDAQ:CRAY) 52-week high is $43.79 and the 52-week low is $18.00. This explains if the stock moves $-13.38, it will post a 52-week high. In event of $+68.94% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of Cray 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, Cray Inc (NASDAQ:CRAY) ratio came in at 38.99. The stock last ended the trading session at $30.41 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. Cray Inc (NASDAQ:CRAY) PEG ratio is at 1.11.
1 Chart Pattern Every Investor Should Know