Twitter Inc. [NYSE: TWTR] traded at a low on 07/08/22, posting a -5.10 loss after which it closed the day’ session at $36.81. The company report on July 8, 2022 that Twitter Board Confident in Merger Agreement and Intends to Close Transaction at $54.20 Per Share Price.
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Twitter, Inc. (NYSE: TWTR) today received a notice of purported termination from Elon Musk and the Twitter Board issued the following statement in response:.
We are committed to closing the transaction on the price and terms agreed upon with Mr. Musk and plan to pursue legal action to enforce the merger agreement. We are confident we will prevail in the Delaware Court of Chancery.
The results of the trading session contributed to over 19509223 shares changing hands. Over the past one week, the price volatility of Twitter Inc. stands at 2.78% while the volatility over the past one month is 3.06%.
The market cap for TWTR stock reached $29.64 billion, with 778.94 million shares outstanding and 634.55 million shares in the current float. Compared to the average trading volume of 40.75M shares, TWTR reached a trading volume of 19509223 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say 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 $49.30 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.
Wedbush have made an estimate for Twitter Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on June 29, 2022. The new note on the price target was released on May 05, 2022, representing the official price target for Twitter Inc. stock. Previously, the target price had yet another raise from $39 to $54.20, while Stifel kept a Hold rating on TWTR stock.
The Average True Range (ATR) for Twitter Inc. is set at 1.27, with the Price to Sales ratio for TWTR stock in the period of the last 12 months amounting to 5.65. The Price to Book ratio for the last quarter was 4.86, with the Price to Cash per share for the same quarter was set at 7.78.
How has TWTR stock performed recently?
Twitter Inc. [TWTR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.55. With this latest performance, TWTR shares dropped by -8.27% in over the last four-week period, additionally sinking by -6.81% over the last 6 months – not to mention a drop of -44.92% 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 39.52, with the RSI for the last a single of trading hit 36.38, and the three-weeks RSI is set at 41.62 for Twitter Inc. [TWTR]. The present Moving Average for the last 50 days of trading for this stock 40.88, while it was recorded at 38.08 for the last single week of trading, and 44.43 for the last 200 days.
Twitter Inc. [TWTR]: Deeper insight into the fundamentals
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.
Insider trade positions for Twitter Inc. [TWTR]
There are presently around $19,880 million, or 72.60% 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 4.30% of the total institutional ownership; BLACKROCK INC., holding 51,188,622 shares of the stock with an approximate value of $1.88 billion in TWTR stocks shares; and MORGAN STANLEY, currently with $1.4 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 July and at the time of the July reporting period, where 388 institutional holders increased their position in Twitter Inc. [NYSE:TWTR] by around 45,107,630 shares. Additionally, 524 investors decreased positions by around 122,098,587 shares, while 159 investors held positions by with 372,865,551 shares. The mentioned changes placed institutional holdings at 540,071,768 shares, according to the latest SEC report filing. TWTR stock had 89 new institutional investments in for a total of 10,486,834 shares, while 191 institutional investors sold positions of 14,902,406 shares during the same period.