Today’s big question for investors is, “what’s going on with Blucora, Inc. (NASDAQ:BCOR) stock? Its price is nose-diving -1.56 points, trading at $22.95 levels, and is down -6.37% from its previous close of $24.51. The shares seem to have an active trading volume day with a reported 202801 contracts so far this session. BCOR shares had a relatively better volume day versus average trading capacity of 331.28 thousand shares, but with a 48.18 million float and a -4.85% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for BCOR stock indicates that the average analyst price target is $34.33 per share. This means the stock has a potential increase of 49.59% from where the BCOR share price has been trading recently.
During the recent trading session for Blucora, Inc. (NASDAQ:BCOR), the company witnessed their stock drop by $-2.17 over a week and tumble down $-2.05 from the price 20 days ago. When compared to their established 52-week high of $37.17, the high they recorded in their recent session happens to be higher. Their established 52-week high was attained by the company on 08/05/19. The recent low of $18.4 stood for a -38.26% since 07/11/19, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 0.75 is also allocated to the stock. Since the beta is less 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 Blucora, Inc., the two-week RSI stands at 33.46. This figure suggests that BCOR 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 BCOR readings is similarly very revealing as it has a stochastic reading of 24.71% at this stage. This figure means that BCOR share price today is being overbought.
Technical chart claims that Blucora, Inc. (BCOR) would settle between $24.76/share to $25.01/share level. However, if the stock price goes below the $24.13 mark, then the market for Blucora, Inc. becomes much weaker. If that happens, the stock price might even plunge as low as $23.74 for its downside target. The stock is currently in the red zone of MACD, with the indicator reading -0.84. 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 JP Morgan lowered their recommendation on shares of BCOR from Overweight to Neutral in their opinion released on January 13. JP Morgan analysts bumped their rating on Blucora, Inc. (NASDAQ:BCOR) stock from Neutral to Overweight in a separate flash note issued to investors on September 28. Analysts at JP Morgan, made their first call for the equity with a Neutral recommendation, according to a research note that dated back to July 12.
BCOR equity has an average rating of 2.94, with the figure leaning towards a bullish end. 4 analysts who tracked the company were contacted by Reuters. Amongst them, 1 rated the stock as a hold while the remaining 3 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. 3 analysts rated Blucora, Inc. (NASDAQ:BCOR) 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.
Moving on, BCOR stock price is currently trading at 10.94X forward 12-month Consensus EPS estimates, and its P/E ratio is 102.1 while for the average stock in the same group, the multiple is 18.4. Blucora, Inc. current P/B ratio of 1.9 means it is trading at a premium against its industry’s 1.7.
Blucora, Inc. (BCOR)’s current-quarter revenues are projected to climb by nearly 48.2% to hit $150110, based on current consensus estimate. The firm’s full-year revenues are expected to expand by over 28.2% from $560460 to a noteworthy $718490. At the other end of the current quarter income statement, Blucora, Inc. is expected to see its adjusted earnings surge by roughly -37.5% to hit $-0.22 per share. For the fiscal year, BCOR’s earnings are projected to climb by roughly 3.7% to hit $1.97 per share.