Analysts at Lake Street Capital initiated coverage on CyberOptics Corp. (NASDAQ: CYBE) stock, starting the company at Buy. A number of other analysts have commented on the stock recently, and the company has earned a consensus one-year price target of $20.00, higher than the opening price, potentially setting up a gain for savvy investors. $17.76.
Generally after analysts publish an “initiating coverage” report on a stock, they will subsequently issue periodic updates.
On Friday, Fed Chairwoman Janet Yellen delivered a much anticipated speech on monetary policy going forward to the end of 2016 and with it a measure of uncertainty. Yellen said the case for a rate hike had “strengthened” but offered no timetable.
The markets responded, again demonstrating its dislike for the uncertain.
All three major indices were higher in early trade, but a mid-day sell-off sent stocks into the red, with only the tech-heavy Nasdaq managing to regain positive territory by the close.
The DJIA fell 53 points, or 0.29 percent, to 18,395.
The S&P 500 fell around 3 points, or 0.16 percent, to 2,169.
The Nasdaq climbed 7 points, or 0.13 percent, to end the week at 5,219.
CyberOptics Corp. (NASDAQ: CYBE) opened at $17.76 today and has traded in a range between, $17.69 and $19.75. The last trade was at $19.65, representing change of $2.24 to the upside or 12.87%.
Stock often cam move up or down on analysts reports and CyberOptics Corp. (NASDAQ: CYBE) shares traded to the upside, $2.24 per share or 12.87 percent.
CyberOptics Corp. (NASDAQ: CYBE) now has a market cap of $134.80M
The stock’s average daily volume is 54,831 shares out of a total float 6,352,000 and some 171,655 shares traded hands on Friday, 28 percent higher than normal.
Look for increasing trading volume in trading activity today and going forward.
The most common applications of moving averages are to identify the trend direction and to determine support and resistance levels.
CyberOptics Corp. (NASDAQ: CYBE) now has a 50-day MA is $17.52 and 200-day MA is $14.25, and it has traded in a 52-week range between $5.86 – 19.75
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