Stock To Watch: Edgewater Technology, Inc. (NASDAQ:EDGW)


The leading market experts have placed a mean price target of $10.00 on Edgewater Technology, Inc. (NASDAQ:EDGW) 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 $0.07 a share for the upcoming quarter and $0.21 for the current fiscal.

Technical View

The technical analysis of Edgewater Technology, Inc. plainly substantiates that the 50-day moving average of Edgewater Technology, Inc. is $8.70, and stock is trading $-0.15 points away or -1.71% from its 50-day moving average of $8.70. Further it is trading $0.34 or +4.10% away its 200-day moving average of $8.21. Edgewater Technology, Inc. (NASDAQ:EDGW) 52-week high is $9.39 and the 52-week low is $6.66.

This explains if the stock moves $-0.84, it will post a 52-week high. In event of +28.38% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of Edgewater Technology, 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, Edgewater Technology, Inc. (NASDAQ:EDGW) ratio came in at N/A.

The stock last ended the trading session at $8.55 and registered a market cap of $105.27M. 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. Edgewater Technology, Inc. (NASDAQ:EDGW) PEG ratio is at 2.78.

1 Chart Pattern Every Investor Should Know

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