ServiceTitan Inc (TTAN) Reports -14.08% Fall From For 52 Week High, It’s Always Darkest Before The Dawn

ServiceTitan Inc (NASDAQ:TTAN) does about 664.05K shares in volume on a normal day but saw 806496 shares change hands in the recent trading day. The company now has a market cap of 8.64B USD. Its current market price is $96.23, marking a decrease of -3.89% compared to the previous close of $100.12. The 52 week high reached by this stock is $112.00 whilst the lowest price level in 52 weeks is $94.02. The script in recent trading has seen the stock touch a high of $104 and a low of $104.

ServiceTitan Inc (TTAN) has a 20-day trading average at $103.17 and the current price is -14.08% off the 52-week high compared with 2.35% distance from its 52-week low. If we look at the stock’s price movements over the week, volatility stands at 4.51%.

The consensus objective for the share price is $116.83, suggesting that the stock has a potential upside of 17.63% over the period. The median price target is 7.47% away from the current levels at $104.

Truist initiated its price target at $120.

The current price level is -6.72%, -6.63%, and -6.63% away from its SMA20, SMA50, and SMA200 respectively, with the TTAN price moving above the 50-day SMA on current market day. Its price is -6.45% year-to-date.

The company’s next earnings report forecasts estimating quarterly EPS at 0 and 0.18 for whole year. Expected sales for next quarter are $200.11M, which analysts say will come at $762.7M for the current fiscal year and next year at $884.27M.

Its 12-month price target is $104. To reach the target analysts have set, the stock logically needs to grow 17.63 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 $104, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $104.

The company has a return on investment of -15.49%. Price to sales ratio is 11.93.