Stock To Watch: Cray Inc (NASDAQ:CRAY)


The leading market experts have placed a mean price target of $41.80 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 $30.81, and stock is hovering 0.43 or +1.41% distant from $30.81. It is noted that the 200-day MA is $36.05, and Cray Inc stock is $-4.81 or -13.34% 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 $-12.55, it will post a 52-week high. In event of $+73.56% 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 40.05. The stock last ended the trading session at $31.24 and registered a market cap of $1.24B. 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 1.13.

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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