Analysts at Zacks Investment Research upgraded shares of uniQure NV (NASDAQ: QURE) from Sell to Hold today. Zacks Investment Research currently has a rating of Hold on the shares. The one-year price target of $30.49 is higher than the opening price of $7.93, that has caused a fair amount of other analysts to comment on the stock recently. Looking back over the last 52 weeks, uniQure NV stock has a high of $27.65. Usually, after analysts give an upgrade report on a stock, they will subsequently issue periodic updates, such as a price target change.
The Fed stood pat on interest rates on Wednesday, helping stocks to mostly higher levels but Chairwoman Janet Yellen indicated an interest rate hike is likely by year’s end
On Wednesday, the S&P 500 SPX, +1.09% ended 1.1% higher, while the Dow DJIA, +0.90% jumped by 0.9%, or 164 points, as each exchange finished in positive territory for a second consecutive day.
The tech-heavy Nasdaq Composite COMP, +1.03% tacked on 1% and scored a record closing high.
S&P 500 futures ESZ6, +0.36% were up 6.55 points, or 0.3%, to 2,162.75 early Thursday, while Dow Jones Industrial Average futures YMZ6, +0.37% rose 58 points, or 0.3%, to 18,276. Nasdaq-100 futures NQZ6, +0.39% gained 16.25 points, or 0.3%, to 4,866.25.
Shares of uniQure NV (NASDAQ: QURE) opened at $7.93 yesterday and traded in a range between, $7.58 and $8.03, and last traded at $7.75, a decrease of $0.17 over the previous closing price.
uniQure NV (NASDAQ: QURE) currently has a market cap of 194.75M.
302,311 shares crossed the trading desk yesterday, above the average, out of a total float 6,662,000. Substantial increases in trading volume and price growth together could signal heavy volume accumulation by institutional investors.
However, a single day of high volume buy side trading is not enough to affirm a trend. So market traders will continue to watch for institutional sponsorship as a signal that financial institutions are moving forward.
Institutional sponsorship is defined by ownership of a stock by mutual funds, banks, pension funds and other large institutions.
Institutional investors such as these have teams of analysts that research thousands of stocks, so it is good confirmation to see them buying a stock you’re researching.
By identifying trends, moving averages allow traders to make those trends work in their favor and increase the number of successful trades.
With that in mind, uniQure NV (NASDAQ: QURE) now has a 50-day MA of $8.23 and 200-day MA of $10.36. It has traded in a 52-week range between $6.68 – 27.65 and today’s last price is 0.72% lower than the 52 week high of $27.65.
Earnings growth is a crucial factor to research when investing in stocks and investors look for companies that have grown their earnings at least 25% or more for 3 consecutive years.
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