Why QAD Inc. (NASDAQ:QADA) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $26.00 on QAD Inc. (NASDAQ:QADA) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $0.68 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 QAD Inc. (NASDAQ:QADA) stands at 68.62. 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 QAD Inc., the PEG ratio for coming 3-5 years is 4.68. Technical Analysis The technical analysis highlights that QAD Inc. current price is trading $0.61 points away +3.14% from $19.29, which stands as the 50-day moving average of the firm. The stock’s 200-day MA is $19.55 and, for now, the stock price is trading $0.35 or +1.79% away from that point. The 52-week high of QAD Inc. (NASDAQ:QADA) was $28.71 while lowest point recorded in 52-week was $17.11. It implies if stock price makes a movement of over $-8.81, it will record a new 52-week high. In the case of $+16.31% points drop, it will touch a new 52-week low.

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