Spectrum Pharmaceuticals, Inc. (NASDAQ:SPPI) share price soared 7.56% or 0.49 points to reach at $6.97 during previous trading session. The stock’s price fluctuated within the range of $6.47 – $6.98 during previous trading session. A total of 1.74M shares exchanged hands, whereas the company’s average trading volume stands at 762K shares. Spectrum Pharmaceuticals, Inc. (NASDAQ:SPPI) has a market capitalization of $568.69M and most recently 80.44M outstanding shares have been calculated.
In terms of market analysis and trading signals, RSI moving above the horizontal 30 reference level is viewed as a bullish indicator, while the RSI moving below the horizontal 70 reference level is seen to be a bearish indicator. Movements above 70 are interpreted as indicating overbought conditions; conversely, movements under 30 reflect oversold conditions.
Relative strength index (RSI-14) for Spectrum Pharmaceuticals, Inc. (NASDAQ:SPPI) is at 66.84.
According to sentiments of 3 analysts the mean estimates of short term price target for the company’s stock is marked at $9.83. The most optimistic analyst sees the stock reaching $11.00 while the most conventional predicts the target price at $8.50.
The consensus means EPS for the current quarter is at -$0.2 derived from a total of 3 estimates. According to analysts minimum EPS for the current quarter is expected at -$0.24 and can go high up to -$0.15. However a year ago during same quarter Spectrum Pharmaceuticals, Inc. (NASDAQ:SPPI) reported -$0.14 EPS.
For the upcoming quarter, initial predictions are anticipating that the company will post earnings of -$0.19 per share according to consensus of 3 analysts.
According to sentiments of 3 analysts the company is expected to report revenues of $32.3M for the current quarter. Bearish revenue estimates established at $32.28M while the bullish revenue forecast has been figured out at $34.5M.
In terms of Buy/Sell recommendations, analysts have a consensus rating of 1.33 on the shares of Spectrum Pharmaceuticals, Inc. (NASDAQ:SPPI). Out of rating recommendations 2 have given the stock a Buy while 1 recommend the stock as Outperform. 0 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. Spectrum Pharmaceuticals, Inc. (NASDAQ:SPPI) distance from 20 day simple moving average is 8.76% whereas its distance from 50 day simple moving average is 12.41% along with 31.62% 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. Spectrum Pharmaceuticals, Inc. (NASDAQ:SPPI) shares were trading -9.95% below from the 52-week high mark of $7.74 and 117.13% above from the 52-week bottom of $3.21. The stock hit its 52-week high price on 04/25/16, and 52-week low price on 11/03/16.
When we have a peek on stock’s historical trends we come to know that, the stock has climbed 14.08% in the past one week and soared 8.57% during previous one month drive, the stock went up 51.52% during past quarter. In the last six months the stock’s performance soared 73.38% while yearly performance of the company fell -5.12%. The company’s year to date (YTD) performance is at 57.34%.
While taking a glance at financials, we can look at a number of key indicators. Spectrum Pharmaceuticals, Inc. (NASDAQ:SPPI) has a Return on Assets (ROA) of -16.00%. The company currently has a Return on Equity (ROE) of -29.40% and a Return on Investment (ROI) of -17.80%. Average true range (ATR-14) of the company sets at 0.26, along with its weekly and monthly volatility of 4.00%, 3.38% respectively. Beta value of the stock stands at 1.42.