Stock To Watch: Mitel Networks Corporation (NASDAQ:MITL)


The leading market experts have placed a mean price target of $11.00 on Mitel Networks Corporation (NASDAQ:MITL) 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 $0.27 a share for the upcoming quarter and $0.63 for the current fiscal.

Technical View

The technical analysis of Mitel Networks Corporation plainly substantiates that the 50-day moving average of Mitel Networks Corporation is $7.50, and stock is trading $0.03 points away or +0.43% from its 50-day moving average of $7.50. Further it is trading $0.47 or +6.62% away its 200-day moving average of $7.06. Mitel Networks Corporation (NASDAQ:MITL) 52-week high is $8.90 and the 52-week low is $5.81.

This explains if the stock moves $-1.37, it will post a 52-week high. In event of +29.60% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of Mitel Networks 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, Mitel Networks Corporation (NASDAQ:MITL) ratio came in at N/A.

The stock last ended the trading session at $7.53 and registered a market cap of $915.63M. 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. Mitel Networks Corporation (NASDAQ:MITL) PEG ratio is at 2.73.

1 Chart Pattern Every Investor Should Know

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