Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $8.0000 on Evolving Systems, Inc. (NASDAQ:EVOL) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $0.2600 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 Evolving Systems, Inc. (NASDAQ:EVOL) stands at 17.4163.
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 Evolving Systems, Inc., the PEG ratio for coming 3-5 years is 1.0600.
The technical analysis highlights that Evolving Systems, Inc. current is trading $-0.8532 points away or -16.9524% from its 50-day moving average of $5.0331. Further it is trading $-1.1446 or -21.4969% away its 200-day moving average of $5.3245.
The 52-week high of Evolving Systems, Inc. (NASDAQ:EVOL) was $6.5500 while lowest point recorded in 52-week was $4.0300. It implies if stock price makes a movement of over $-2.3701, it will record a new 52-week high. In the case of +3.7196% drop, it will touch a new 52-week low.
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