Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $14.17 on Arctic Cat Inc. (NASDAQ:ACAT) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $-0.92 for the next fiscal and $N/A for underway quarter.
Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Arctic Cat Inc. (NASDAQ:ACAT) stands at N/A.
Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Arctic Cat Inc., the PEG ratio for coming 3-5 years is -1.24.
The technical analysis highlights that Arctic Cat Inc. current is trading $-1.38 points away or -8.51% from its 50-day moving average of $16.23. Further it is trading $-1.29 or -7.97% away its 200-day moving average of $16.14.
The 52-week high of Arctic Cat Inc. (NASDAQ:ACAT) was $26.78 while lowest point recorded in 52-week was $8.90. It implies if stock price makes a movement of over $-11.93, it will record a new 52-week high. In the case of +66.85% drop, it will touch a new 52-week low.
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