Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $57.890 on Silicon Laboratories, Inc. (NASDAQ:SLAB) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $2.530 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 Silicon Laboratories, Inc. (NASDAQ:SLAB) stands at 65.778.
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 Silicon Laboratories, Inc., the PEG ratio for coming 3-5 years is 2.270.
The technical analysis highlights that Silicon Laboratories, Inc. current is trading $4.024 points away or +7.472% from its 50-day moving average of $53.861. Further it is trading $9.816 or +20.421% away its 200-day moving average of $48.069.
The 52-week high of Silicon Laboratories, Inc. (NASDAQ:SLAB) was $58.190 while lowest point recorded in 52-week was $36.560. It implies if stock price makes a movement of over $-0.305, it will record a new 52-week high. In the case of +58.329% drop, it will touch a new 52-week low.
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