Stock To Watch: Nuance Communications, Inc. (NASDAQ:NUAN)


The leading market experts have placed a mean price target of $21.75 on Nuance Communications, Inc. (NASDAQ:NUAN) 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 $0.40 a share for the upcoming quarter and $1.51 for the current fiscal.

Technical View

The technical analysis of Nuance Communications, Inc. plainly substantiates that the 50-day moving average of Nuance Communications, Inc. is $15.31, and stock is trading $-0.41 points away or -2.67% from its 50-day moving average of $15.31. Further it is trading $-2.18 or -12.78% away its 200-day moving average of $17.08. Nuance Communications, Inc. (NASDAQ:NUAN) 52-week high is $21.83 and the 52-week low is $14.34.

This explains if the stock moves $-6.93, it will post a 52-week high. In event of +3.91% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of Nuance Communications, 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, Nuance Communications, Inc. (NASDAQ:NUAN) ratio came in at N/A.

The stock last ended the trading session at $14.90 and registered a market cap of $4.17B. 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. Nuance Communications, Inc. (NASDAQ:NUAN) PEG ratio is at 0.79.

1 Chart Pattern Every Investor Should Know

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