Shutterstock Inc [NYSE: SSTK] surged by $4.45 during the normal trading session on while it closed the day at $34.50.
Shutterstock Inc stock has also gained 13.34% of its value over the past 7 days. However, SSTK stock has inclined by 11.90% in the 3 months of the year. Over the past six months meanwhile, it has lost -4.75% and gained 13.67% year-on date.
The market cap for SSTK stock reached $1.20 billion, with 34.85 million shares outstanding and 23.60 million shares in the current float. Compared to the average trading volume of 473.13K shares, SSTK reached a trading volume of 5088658 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Shutterstock Inc [SSTK]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SSTK shares is $48.25 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SSTK stock is a recommendation set at 2.40. 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.
Morgan Stanley have made an estimate for Shutterstock Inc shares, keeping their opinion on the stock as Equal-Weight, with their previous recommendation back on February 22, 2024. While these analysts kept the previous recommendation, BofA Securities raised their target price to Underperform. The new note on the price target was released on October 19, 2023, representing the official price target for Shutterstock Inc stock.
The Average True Range (ATR) for Shutterstock Inc is set at 2.12, with the Price to Sales ratio for SSTK stock in the period of the last 12 months amounting to 1.33. The Price to Book ratio for the last quarter was 2.30, with the Price to Cash per share for the same quarter was set at 3.77. Price to Free Cash Flow for SSTK in the course of the last twelve months was 146.67 with Quick ratio for the last quarter at 0.42.
SSTK stock trade performance evaluation
Shutterstock Inc [SSTK] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 13.34. With this latest performance, SSTK shares gained by 10.01% in over the last four-week period, additionally sinking by -4.75% over the last 6 months – not to mention a drop of -26.58% 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 SSTK stock in for the last two-week period is set at 63.04, with the RSI for the last a single of trading hit 67.98, and the three-weeks RSI is set at 59.43 for Shutterstock Inc [SSTK]. The present Moving Average for the last 50 days of trading for this stock 31.56, while it was recorded at 31.11 for the last single week of trading, and 36.44 for the last 200 days.
Shutterstock Inc [SSTK]: An insightful look at the core fundamentals
Shutterstock Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.42 and a Current Ratio set at 0.42.
Earnings per share (EPS) analysis for Shutterstock Inc [SSTK] stock
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SSTK. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Shutterstock Inc go to 1.06%.
Shutterstock Inc [SSTK]: Institutional Ownership
There are presently around $80.27%, or 118.40%% of SSTK stock, in the hands of institutional investors. The top three institutional holders of SSTK stocks are: BLACKROCK INC. with ownership of 3.98 million shares, which is approximately 11.171%. VANGUARD GROUP INC, holding 2.9 million shares of the stock with an approximate value of $$112.2 million in SSTK stocks shares; and VANGUARD GROUP INC, currently with $$69.42 million in SSTK stock with ownership which is approximately 5.0404%.
