Social Capital Hedosophia Holdings Corp. (NYSE:IPOA) has its shares plummet by -1% or $0.11 from its all-time high of $10.97, with IPOA attaining that price back on July 09, 2019. The drop in the price of the shares saw it stand at $10.86 per share. IPOA has been trading at a low of $9.9 over the past one year but it surged by 9.7% or $0.96 to reach the $10.86 mark. Following the massive rise in stock price, IPOA received more attention from investors and analysts. On Thursday, the stock plunged by 1.5%, which caused investors and analysts to excite about it. Following the plunge in price, the IPOA beta stands at 0, implying that its volatility level has gone down by 1 back of the general market. A look at the stock’s 200-day moving average shows that it is 5.67% above while its 50-day moving average shows that it is currently 3.94% above. Compared to 0.77% average daily volatility of past month, the stock’s average volatility for this week has increased by 0.33 as the volatility level currently stands at 1.1%.
Over the past seven days, the stock has witnessed a price surge by 2.16%. This massive rise in stock price has caught the attention of both investors and market traders. The stock has performed excellently over the past 52 weeks, rising by 9.26% during that time frame and is now up by 8.6% since this point this year. IPOA has surged by 5.03% over the past 30 days, with its equity price gaining% of its value over the past ninety days. These figures add up to see the stock record a growth of 6.37% over the past six months.
The stock’s technical analysis reveals that its 14-day Relative Strength Index (RSI) is currently in a overbought position as it was able to attain 81.87 points. The trading volume now standing at 7504492 shares. The increase of 5944492 shares in trading volume shows that traders and investors have shown more interest in the stock over the past few weeks. During that trading session, the average trading volume of IPOA was 1560000 shares, which is more than 4.81 times higher than its usual trading volume.
Prologis, Inc. has seen its stock (NYSE:PLD) surge by $1.26 or 1.5% to currently trade at $85.51. This rise in the price of the stock has seen it establish a strong support at $84.46 a share. If the stock price is to drop below that support level, then it would be followed by a bearish trend. A slip below $83.4 would be bad for PLD as it would mean that the stock has lost 2.47% of its value. The stock going in the opposite direction and breaking past the resistance point to reach $86.11 would see it surge even higher. PLD would attempt to surge past the upward resistance point which is set at $86.7 a share. PLD has an average volatility of 1.66% over the past 30 days, while it has gained 35.43% of its value compared to its 52-weeks low point which stands at $55.21 on Dec 26, 2018. In the same breath, PLD has lost 1.77% compared to its 52-weeks high point which currently stands at $84 a share reached on Sep 18, 2019.
Analysts have set a 1-year price target for this stock, with most of them expecting it to reach $86.08/share over the next 12 months. If that happens, then PLD would witness a 0.67% rise from its current price. The price of the stock has been moving between $84 and $85.65. Not all analysts believe it would hit that target though, as some of them expect it to trade lower, as low as $77 per share. In the same breath, one analyst believes that the stock is set to soar even higher than expected, as the price target was set at $102.
The stock is currently neutral as its Stochastic Oscillator (%D) is at 36.77%, which implies that a stability in price will be experienced for a while. Its shares P/S ratio is above the 1.73 industry average and above the 1.4 by the wider market, as PLD’s P/S ratio currently stands at 17.78. The stock’s estimated price-earnings (P/E) multiple is 57.12 which is also above the 12-month price-earnings (P/E) which stands at 29.93. Prologis, Inc. has experienced a rise in its earnings, recording an increase rate of 50.4% in each quarter over the past five years.
The stock has an average rating of 1.9 which means that it has been rated as a Buyby most analysts. The stock is being covered by 13 analysts who gave a consensus recommendation of 1.9 which implies that it is currently in a bull/bear situation. Reuters looked into analysts covering Prologis, Inc., and 3 of them believe that the stock is a Hold at the moment. 10 of the analysts rated it as a Buy or a Strong Buy while the remaining analysts (0) rated it as a sell at the moment.