Stay Ahead of Wall Street. Find out what is happening to Applied Genetic Technologies Corporation (NASDAQ:AGTC) stock today? Its price is jumping 0.13 points, trading at $2.9 levels, and is up 4.87% from its previous close of $2.77. The shares seem to have an active trading volume day with a reported 102330 contracts so far this session. AGTC shares had a relatively better volume day versus average trading capacity of 145.39 thousand shares, but with a 14.98 million float and a -1.07% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for AGTC stock indicates that the average analyst price target is $12.42 per share. This means the stock has a potential increase of 328.28% from where the AGTC share price has been trading recently which is between $2.61 and $2.81.
During the recent trading session for Applied Genetic Technologies Corporation (NASDAQ:AGTC), the company witnessed their stock rise $0.17 over a week and tumble down $-0.31 from the price 20 days ago. When compared to their established 52-week high of $6.87, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 12/12/18. The recent low of $2.26 stood for a -57.71% since 12/21/18, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 2.53 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 Applied Genetic Technologies Corporation, the two-week RSI stands at 49.12. This figure suggests that AGTC 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 AGTC readings is similarly very revealing as it has a stochastic reading of 37.65% at this stage. This figure means that AGTC share price today is being neutral.
Technical chart claims that Applied Genetic Technologies Corporation (AGTC) would settle between $2.85/share to $2.93/share level. However, if the stock price goes below the $2.65 mark, then the market for Applied Genetic Technologies Corporation becomes much weaker. If that happens, the stock price might even plunge as low as $2.53 for its downside target. The stock is currently in the green zone of MACD, with the indicator reading 0.03. 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 BMO Capital Markets raised their recommendation on shares of AGTC from Market Perform to Outperform in their opinion released on September 27. H.C. Wainwright analysts again handed out a Buy recommendation to Applied Genetic Technologies Corporation (NASDAQ:AGTC) stock but they lifted target price for the shares in a flash note issued to investors on September 27. The target price has been raised from $12 to $18. Analysts at Janney, made their first call for the equity with a Buy recommendation, according to a research note that dated back to September 06.
AGTC equity has an average rating of 2.4, with the figure leaning towards a bullish end. 6 analysts who tracked the company were contacted by Reuters. Amongst them, 0 rated the stock as a hold while the remaining 6 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while no rated it as a sell. 6 analysts rated Applied Genetic Technologies Corporation (NASDAQ:AGTC) as a buy or a strong buy while not a single analyst advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.