Stock To Watch: Monotype Imaging Holdings Inc. (NASDAQ:TYPE)


The leading market experts have placed a mean price target of $25.75 on Monotype Imaging Holdings Inc. (NASDAQ:TYPE) 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 $0.29 a share for the upcoming quarter and $1.07 for the current fiscal.

Technical View

The technical analysis of Monotype Imaging Holdings Inc. plainly substantiates that the 50-day moving average of Monotype Imaging Holdings Inc. is $22.78, and stock is trading $-1.28 points away or -5.61% from its 50-day moving average of $22.78. Further it is trading $-1.71 or -7.37% away its 200-day moving average of $23.21. Monotype Imaging Holdings Inc. (NASDAQ:TYPE) 52-week high is $27.76 and the 52-week low is $17.31.

This explains if the stock moves $-6.26, it will post a 52-week high. In event of +24.21% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of Monotype Imaging Holdings 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, Monotype Imaging Holdings Inc. (NASDAQ:TYPE) ratio came in at 34.96.

The stock last ended the trading session at $21.50 and registered a market cap of $846.61M. 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. Monotype Imaging Holdings Inc. (NASDAQ:TYPE) PEG ratio is at 1.32.

1 Chart Pattern Every Investor Should Know

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