Sohu.com Limited (SOHU) Got Crushed -6.92% Today. Here’s Why

Sohu.com Limited (NASDAQ:SOHU) is a stock to watch today. At current price of $16.15, the shares have already lost -1.2 points (-6.92% lower) from its previous close of $17.35. The stock sets an active trading volume day with a reported 249155 contracts so far this session. SOHU shares had a relatively better volume day versus average trading capacity of 365.13 thousand shares, but with a 30.47 million float and a -8.35% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for SOHU stock indicates that the average analyst price target is $24 per share. This means the stock has a potential increase of 48.61% from where the SOHU share price has been trading recently which is between $17.3 and $18.5. There are some brokerage firms that offer lower targets than the average, with one of them, even setting their price target at $18.

The shorts are climbing into Sohu.com Limited (SOHU) stock. The latest set of short interest data was released on 30 April 2019, and the numbers show a rise in short interest in SOHU shares. While short interest still represents only 4.88% of SOHU’s float, the number of shares shorted have risen by 32853. The number of shares shorted advanced to 1519747 shares, up from 1486894 shares during the preceding fortnight. With average daily trading volumes at 532630 shares, days to cover decreased to about 4.774362 days. The most recent news story about the stock that appeared in Yahoo Finance‘s news section was titled “Heres What Hedge Funds Think About Sohu.com Limited (SOHU)” and dated May 07, 2019.

During the recent trading session for Sohu.com Limited (NASDAQ:SOHU), the company witnessed their stock drop by $-2.38 over a week and surge $0.97 from the price 20 days ago. When compared to their established 52-week high of $42.12, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 06/18/18. The recent low of $14.9 stood for a -61.66% since 04/18/19, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 1.28 is also allocated to the stock. Since the beta is greater than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.

Looking at the current readings for Sohu.com Limited, the two-week RSI stands at 39.07. This figure suggests that SOHU stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current SOHU readings is similarly very revealing as it has a stochastic reading of 27.57% at this stage. This figure means that SOHU share price today is being overbought.

Technical chart claims that Sohu.com Limited (SOHU) would settle between $18.13/share to $18.92/share level. However, if the stock price goes below the $16.93 mark, then the market for Sohu.com Limited becomes much weaker. If that happens, the stock price might even plunge as low as $16.52 for its downside target. The stock is currently in the red zone of MACD, with the indicator reading -0.75. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.

Analysts at Deutsche Bank lowered their recommendation on shares of SOHU from Buy to Hold in their opinion released on October 30. Morgan Stanley analysts bumped their rating on Sohu.com Limited (NASDAQ:SOHU) stock from Underweight to Equal-Weight in a separate flash note issued to investors on August 01. Analysts at HSBC Securities lowered the stock to a Hold call from its previous Buy recommendation, in a research note that dated back to May 23.

SOHU equity has an average rating of 2.83, with the figure leaning towards a bullish end. 6 analysts who tracked the company were contacted by Reuters. Amongst them, 4 rated the stock as a hold while the remaining 2 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while others rated it as a sell. 1 analysts rated Sohu.com Limited (NASDAQ:SOHU) as a buy or a strong buy while 1 advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.

Moving on, SOHU stock price is currently trading at 0X forward 12-month Consensus EPS estimates, and its P/S ratio is 0.37 while for the average stock in the same group, the multiple is 48848.15.