Why Blue Nile, Inc. (NASDAQ:NILE) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $28.00 on Blue Nile, Inc. (NASDAQ:NILE) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $0.88 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

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 Blue Nile, Inc. (NASDAQ:NILE) stands at 37.36.

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 Blue Nile, Inc., the PEG ratio for coming 3-5 years is 1.74.

Technical Analysis

The technical analysis highlights that Blue Nile, Inc. current is trading $3.16 points away or +10.73% from its 50-day moving average of $29.42. Further it is trading $5.43 or +20.01% away its 200-day moving average of $27.15.

The 52-week high of Blue Nile, Inc. (NASDAQ:NILE) was $39.00 while lowest point recorded in 52-week was $22.33. It implies if stock price makes a movement of over $-6.42, it will record a new 52-week high. In the case of +45.90% drop, it will touch a new 52-week low.

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