Twitter Inc. [NYSE: TWTR] price plunged by -1.85 percent to reach at -$0.78.
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A sum of 7777542 shares traded at recent session while its average daily volume was at 14.02M shares. Twitter Inc. shares reached a high of $41.90 and dropped to a low of $41.2499 until finishing in the latest session at $41.41.
The one-year TWTR stock forecast points to a potential upside of 1.52. The average equity rating for TWTR stock is currently 3.00, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on 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 $42.05 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.
Rosenblatt have made an estimate for Twitter Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on August 24, 2022. While these analysts kept the previous recommendation, Susquehanna dropped their target price from $50 to $45. The new note on the price target was released on August 05, 2022, representing the official price target for Twitter Inc. stock. Previously, the target price had yet another raise from $33 to $52, while Rosenblatt kept a Buy rating on TWTR stock. On July 11, 2022, analysts decreased their price target for TWTR shares from 54.20 to 30.
The Average True Range (ATR) for Twitter Inc. is set at 1.13, with the Price to Sales ratio for TWTR stock in the period of the last 12 months amounting to 6.01. The Price to Book ratio for the last quarter was 5.35, with the Price to Cash per share for the same quarter was set at 8.06.
TWTR Stock Performance Analysis:
Twitter Inc. [TWTR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 7.20. With this latest performance, TWTR shares dropped by -5.76% in over the last four-week period, additionally plugging by 25.48% over the last 6 months – not to mention a drop of -32.73% 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 52.74, with the RSI for the last a single of trading hit 54.70, and the three-weeks RSI is set at 52.14 for Twitter Inc. [TWTR]. The present Moving Average for the last 50 days of trading for this stock 40.34, while it was recorded at 41.06 for the last single week of trading, and 40.47 for the last 200 days.
Insight into Twitter Inc. Fundamentals:
Twitter Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 7.20 and a Current Ratio set at 7.20.
Twitter Inc. [TWTR] Insider Position Details
There are presently around $18,708 million, or 60.80% of TWTR stock, in the hands of institutional investors. The top three institutional holders of TWTR stocks are: VANGUARD GROUP INC with ownership of 71,650,185, which is approximately -13.05% of the company’s market cap and around 4.30% of the total institutional ownership; BLACKROCK INC., holding 51,402,595 shares of the stock with an approximate value of $2.13 billion in TWTR stocks shares; and STATE STREET CORP, currently with $1.36 billion in TWTR stock with ownership of nearly -10.293% of the company’s market capitalization.
460 institutional holders increased their position in Twitter Inc. [NYSE:TWTR] by around 92,861,923 shares. Additionally, 498 investors decreased positions by around 180,769,768 shares, while 114 investors held positions by with 178,152,919 shares. The mentioned changes placed institutional holdings at 451,784,610 shares, according to the latest SEC report filing. TWTR stock had 191 new institutional investments in for a total of 51,041,022 shares, while 171 institutional investors sold positions of 47,273,699 shares during the same period.