Market Updates

Momentum Stock in Focus: Medivation Inc (NASDAQ:MDVN)

Medivation Inc (NASDAQ:MDVN) share price soared +0.20% or +0.16 points to reach at $81.12 during previous trading session. The stock’s price fluctuated within the range of $80.95 – $81.15 during previous trading session. A total of 5,899,500 shares exchanged hands, whereas the company’s average trading volume stands at 3.82M shares. Medivation Inc (NASDAQ:MDVN) has a market capitalization of $13.45B and most recently 165.93M outstanding shares have been calculated.

Relative strength index (RSI-14) for Medivation Inc (NASDAQ:MDVN) is at 88.81.

According to sentiments of 16 analysts the mean estimates of short term price target for the company’s stock is marked at $77.15. The most optimistic analyst sees the stock reaching $82.00 while the most conventional predicts the target price at $57.00.

The consensus mean EPS for the current quarter is at $0.38 derived from a total of 16 estimates. According to analysts minimum EPS for the current quarter is expected at $0.3 and can go high up to $0.48. However a year ago during same quarter Medivation Inc (NASDAQ:MDVN) reported $0.35 EPS.

For the upcoming quarter, initial predictions are anticipating that the company will post earnings of $0.49 per share according to consensus of 16 analysts.

According to sentiments of 18 analysts the company is expected to report revenues of $238.37M for the current quarter. Bearish revenue estimates established at $200M while the bullish revenue forecast has been figured out at $261.8M.

In terms of Buy/Sell recommendations, analysts have a consensus rating of 2.76 on the shares of Medivation Inc (NASDAQ:MDVN). Out of rating recommendations 2 have given the stock a Buy while 0 recommend the stock as Outperform. 15 have given the stock a Hold rating, 0 as Underperform and 0 as Sell.

On technical side, moving averages may help to distinguish direction of tendencies, and they might also be used to set levels of sustenance and resistance. Medivation Inc (NASDAQ:MDVN)’s distance from 20 day simple moving average is 4.28% whereas its distance from 50 day simple moving average is 17.70% along with 55.91% distance from 200 day simple moving average.

An important factor to consider when evaluating a stock’s current and future value are the 52 week price high and low levels. Medivation Inc (NASDAQ:MDVN) hit its 52-week high price on 09/14/16, and 52-week low price on 02/09/16.

When we have a peek on stock’s historical trends we come to know that, the stock has climbed 0.19% in the past one week and soared 24.23% during previous one month drive, the stock went up 36.24% during past quarter. In the last six months the stock’s performance soared 117.48% while yearly performance of the company advanced 65.67%. The company’s year to date (YTD) performance is at 67.81%.

While taking a glance at financials, we can look at a number of key indicators. Medivation Inc (NASDAQ:MDVN) has a Return on Assets (ROA) of -13.00%. The company currently has a Return on Equity (ROE) of -23.80% and a Return on Investment (ROI) of 27.10%. Average true range (ATR-14) of the company sets at 0.83, along with its weekly and monthly volatility of 0.25%, 0.61% respectively. Beta value of the stock stands at 0.62.

The company’s price to free cash flow for trailing twelve months is 44.21. Its quick ratio for most recent quarter is 4.30 along with current ratio for most recent quarter of 4.30. Total debt to equity ratio of the company for most recent quarter is 0.00 whereas long term debt to equity ratio for most recent quarter is 0.00.

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