Twitter Inc. [TWTR] Is Currently -0.56 below its 200 Period Moving Avg: What Does This Mean?


Twitter Inc. [NYSE: TWTR] loss -0.56% or -0.22 points to close at $39.19 with a heavy trading volume of 7133121 shares. The company report on June 3, 2022 that Twitter Announces Expiration of Hart-Scott-Rodino Waiting Period for Transaction with Elon Musk.

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Twitter, Inc. (NYSE: TWTR) today announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the “HSR Act”), with respect to the previously announced agreement for Twitter to be acquired by affiliates of Elon Musk for $54.20 per share in cash.

The expiration of the HSR waiting period occurred at 11:59 p.m. EDT on June 2, 2022, which was a condition to the closing of the pending transaction. Completion of the transaction is subject to the satisfaction of the remaining customary closing conditions, including approval by Twitter stockholders and the receipt of remaining applicable regulatory approvals.

It opened the trading session at $39.67, the shares rose to $39.88 and dropped to $38.895, the range by which the price of stock traded the whole day. The daily chart for TWTR points out that the company has recorded -11.25% loss over the past six months. However, it is still -25.21% lower than its most recent low trading price.

If we look at the average trading volume of 52.16M shares, TWTR reached to a volume of 7133121 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Twitter Inc. [TWTR]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for TWTR shares is $49.66 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on TWTR stock is a recommendation set at 3.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Argus have made an estimate for Twitter Inc. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on May 05, 2022. While these analysts kept the previous recommendation, Stifel raised their target price from $39 to $54.20. The new note on the price target was released on April 26, 2022, representing the official price target for Twitter Inc. stock.

The Average True Range (ATR) for Twitter Inc. is set at 1.41, with the Price to Sales ratio for TWTR stock in the period of the last 12 months amounting to 5.61. The Price to Book ratio for the last quarter was 5.17, with the Price to Cash per share for the same quarter was set at 8.35.

Trading performance analysis for TWTR stock

Twitter Inc. [TWTR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.73. With this latest performance, TWTR shares gained by 5.46% in over the last four-week period, additionally sinking by -11.25% over the last 6 months – not to mention a drop of -42.31% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for TWTR stock in for the last two-week period is set at 48.20, with the RSI for the last a single of trading hit 52.24, and the three-weeks RSI is set at 47.15 for Twitter Inc. [TWTR]. The present Moving Average for the last 50 days of trading for this stock 42.46, while it was recorded at 38.94 for the last single week of trading, and 45.37 for the last 200 days.

Twitter Inc. [TWTR]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Twitter Inc. [TWTR] shares currently have an operating margin of +5.38 and a Gross Margin at +64.60. Twitter Inc.’s Net Margin is presently recorded at -4.36.

Return on Equity for this stock declined to -2.90, with Return on Assets sitting at -1.61.

Twitter Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 6.60 and a Current Ratio set at 6.60.

An analysis of insider ownership at Twitter Inc. [TWTR]

There are presently around $21,374 million, or 73.10% of TWTR stock, in the hands of institutional investors. The top three institutional holders of TWTR stocks are: VANGUARD GROUP INC with ownership of 82,403,665, which is approximately 17.092% of the company’s market cap and around 4.40% of the total institutional ownership; BLACKROCK INC., holding 51,188,622 shares of the stock with an approximate value of $2.02 billion in TWTR stocks shares; and MORGAN STANLEY, currently with $1.5 billion in TWTR stock with ownership of nearly -45.906% of the company’s market capitalization.

Positions in Twitter Inc. stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 389 institutional holders increased their position in Twitter Inc. [NYSE:TWTR] by around 45,082,913 shares. Additionally, 533 investors decreased positions by around 122,815,030 shares, while 161 investors held positions by with 374,460,896 shares. The mentioned changes placed institutional holdings at 542,358,839 shares, according to the latest SEC report filing. TWTR stock had 88 new institutional investments in for a total of 10,501,593 shares, while 193 institutional investors sold positions of 15,200,463 shares during the same period.