Stock To Watch: Rush Enterprises, Inc. (NASDAQ:RUSHA)


The leading market experts have placed a mean price target of $22.50 on Rush Enterprises, Inc. (NASDAQ:RUSHA) 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 $0.37 a share for the upcoming quarter and $1.04 for the current fiscal. Technical View The technical analysis of Rush Enterprises, Inc. plainly substantiates that the 50-day moving average of Rush Enterprises, Inc. is $21.03, and stock is hovering 1.48 or +7.05% distant from $21.03. It is noted that the 200-day MA is $19.30, and Rush Enterprises, Inc. stock is $3.21 or +16.65% off from this point. Rush Enterprises, Inc. (NASDAQ:RUSHA) 52-week high is $27.45 and the 52-week low is $14.19. This explains if the stock moves $-4.94, it will post a 52-week high. In event of $+58.63% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of Rush Enterprises, 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, Rush Enterprises, Inc. (NASDAQ:RUSHA) ratio came in at 17.85. The stock last ended the trading session at $22.51 and registered a market cap of $913.61M. 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. Rush Enterprises, Inc. (NASDAQ:RUSHA) PEG ratio is at 3.09.

1 Chart Pattern Every Investor Should Know

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