Why Sierra Wireless, Inc. (NASDAQ:SWIR) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $15.96 on Sierra Wireless, Inc. (NASDAQ:SWIR) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $0.52 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 Sierra Wireless, Inc. (NASDAQ:SWIR) stands at 110.62.

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 Sierra Wireless, Inc., the PEG ratio for coming 3-5 years is 1.69.

Technical Analysis

The technical analysis highlights that Sierra Wireless, Inc. current is trading $-2.56 points away or -15.22% from its 50-day moving average of $16.83. Further it is trading $-1.54 or -9.73% away its 200-day moving average of $15.81.

The 52-week high of Sierra Wireless, Inc. (NASDAQ:SWIR) was $25.98 while lowest point recorded in 52-week was $9.69. It implies if stock price makes a movement of over $-11.71, it will record a new 52-week high. In the case of +47.27% drop, it will touch a new 52-week low.

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