SVMK Inc. (NASDAQ:SVMK) does about 1.14M shares in volume on a normal day but saw 2669387 shares change hands in Tuesday trading. The company now has a market cap of 3.61B USD. Its current market price is $25.84, marking an increase of 3.82% compared to the previous close of $24.89. The 52 week high reached by this stock is $25.69 whilst the lowest price level in 52 weeks is $9.35. The script in recent trading has seen the stock touch a high of $26.08 and a low of $24.95.
SVMK Inc. (SVMK) has a 20-day trading average at $23.46 and the current price is 0.58% off the 52-week high compared with 176.36% distance from its 52-week low. The 50-day simple moving average of the closing price is $23.45 and its 200-day simple moving average is $18.95. If we look at the stock’s price movements over the week, volatility stands at 3.07%, which increases to 3.84% 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 66.99 to suggest the stock is neutral.
10 analysts observing the SVMK Inc. (SVMK) stock have set the 12-month price targets for the company’s shares at between $24.00 and $31.00. The consensus objective for the share price is $27.44, suggesting that the stock has a potential upside of 5.83% over the period. The median price target is 6.04% away from the current levels at $27.50.
FactSet Research has provided data showing that 10 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 9 analysts have rated it as a buy and 1 have advised that investors hold their positions. The consensus recommendation rating is Buy 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 July 21, 2020 when Berenberg initiated the stock to “Buy” and issued a price target of $27. Wells Fargo upgraded the stock to “Overweight” from Equal Weight on May 18, 2020 at a price target of $25. Needham initiated its price target at $24.
The current price level is 10.29%, 10.47%, and 36.71% away from its SMA20, SMA50, and SMA200 respectively, with the SVMK price moving above the 50-day SMA on September 01. SVMK Inc. (SVMK) stock is up 9.10% over the week and 3.40% over the past month. Its price is 44.60% year-to-date and 59.11% 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 above consensus estimates by $0.02. The company’s next earnings report is expected on 11/17/2020, with forecasts estimating quarterly EPS at -$0.01 and -$0.03 for whole year. SVMK’s earnings per share are forecast to grow by 40.00% this year and 300.00% over next year. Expected sales for next quarter are $101.31 million, which analysts say will come at $375.34 million for the current fiscal year and next year at $452.8 million. In addition, estimates put the company’s current quarterly revenue at an average of $95.09 million.
Its 12-month price target is $27.50. To reach the target analysts have set, the stock logically needs to grow 5.83 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 $24.00, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $31.00.
Outstanding shares total 138.78M with insiders holding 15.13% of the shares and institutional holders owning 78.24% of the company’s common stock. The company has a return on investment of -12.30% and return on equity of -27.60%. The forward price to earnings ratio is 403.75. Price to book ratio is 11.19 and price to sales ratio is 10.54.
According to a U.S. Securities and Exchange Commission filing, American Funds Small Cap World Fu has added its position in SVMK Inc. (SVMK) to 6,233,380 shares, mirroring a recent increase by 0.50%. American Funds Small Cap World Fu added 30771.0 shares of SVMK Inc. common stock bringing its total worth to about $149.48 million at the end of recent close, SEC documents show. American Funds Small Cap World Fu isn’t the only investment manager who changed stakes and is followed by American Funds AMCAP Fund, which sold off 0.0 shares to end up with 5,788,753 shares worth $138.81 million. Vanguard Explorer Fund cut their holdings by -1.80% in the company over the course of the most recent quarter. It now holds a 4.14% position in SVMK Inc. thanks to 5.72 million shares amounting to $137.06 million.