SolarWinds Corporation (NYSE:SWI) does about 674.64K shares in volume on a normal day but saw 1131233 shares change hands in Friday trading. The company now has a market cap of 6.13B USD and an enterprise value of about $7.83B. Its current market price is $19.43, marking a decrease of -0.92% compared to the previous close of $19.61. The 52 week high reached by this stock is $21.70 whilst the lowest price level in 52 weeks is $11.50. The script in recent trading has seen the stock touch a high of $19.64 and a low of $19.30.
SolarWinds Corporation (SWI) has a 20-day trading average at $19.03 and the current price is -10.46% off the 52-week high compared with 68.96% distance from its 52-week low. The 50-day simple moving average of the closing price is $18.65 and its 200-day simple moving average is $17.95. If we look at the stock’s price movements over the week, volatility stands at 3.82%, which decreases to 3.56% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 53.29 to suggest the stock is neutral.
13 analysts observing the SolarWinds Corporation (SWI) stock have set the 12-month price targets for the company’s shares at between $15.00 and $29.00. The consensus objective for the share price is $20.64, suggesting that the stock has a potential upside of 5.86% over the period. The median price target is 7.48% away from the current levels at $21.00.
FactSet Research has provided data showing that 13 brokerages have issued ratings for the stock. 2 analysts have rated it as a sell, while 1 advise that it is a overweight. 6 analysts have rated it as a buy and 3 have advised that investors hold their positions. The consensus recommendation rating is Overweight and Wall Street’s advice is for investors to Moderate Buy the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on April 23, 2020 when Credit Suisse downgraded the stock to “Neutral” and issued a price target of between $22 and $18. Barclays also downgraded the stock to “Underweight” from Equal Weight on January 10, 2020 at a price target of $17.
The current price level is 2.49%, 4.25%, and 8.20% away from its SMA20, SMA50, and SMA200 respectively, with the SWI price moving above the 50-day SMA on August 14. SolarWinds Corporation (SWI) stock is down -9.46% over the week and 9.84% over the past month. Its price is 4.74% year-to-date and 14.77% over the past year.
The stock last released its quarterly earnings report for quarter ended 6/29/2020, with the company’s earnings per share (EPS) of $0.25 above consensus estimates by $0.05. The company’s next earnings report is expected on 11/17/2020, with forecasts estimating quarterly EPS at $0.24 and $0.94 for whole year. SWI’s earnings per share are forecast to grow by 10.60% this year and 8.50% over next year. Expected sales for next quarter are $262.16 million, which analysts say will come at $1.01 billion for the current fiscal year and next year at $1.12 billion. In addition, estimates put the company’s current quarterly revenue at an average of $256.67 million.
Its 12-month price target is $21.00. To reach the target analysts have set, the stock logically needs to grow 5.86 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $15.00, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $29.00.
Outstanding shares total 310.24M with insiders holding 2.06% of the shares and institutional holders owning 100.37% of the company’s common stock. The company has a return on investment of 2.80% and return on equity of 1.20%. The price to earnings ratio (P/E ratio) amounts to 198.27 while the forward price to earnings ratio is 19.07. Price to book ratio is 2.24 and price to sales ratio is 6.24.
According to a U.S. Securities and Exchange Commission filing, Vanguard Explorer Fund has reduced its position in SolarWinds Corporation (SWI) to 2,669,240 shares, mirroring a recent drop by 0.00%. Vanguard Explorer Fund dumped 0.0 shares of SolarWinds Corporation common stock bringing its total worth to about $49.01 million at the end of recent close, SEC documents show. Vanguard Explorer Fund isn’t the only investment manager who changed stakes and is followed by ETFMG Prime Cyber Security ETF, which sold off 0.0 shares to end up with 1,934,069 shares worth $35.51 million. Meridian Growth Fund cut their holdings by -11.97% in the company over the course of the most recent quarter. It now holds a 0.59% position in SolarWinds Corporation thanks to 1.85 million shares amounting to $33.95 million.