Shoretel Inc (NASDAQ:SHOR) shares traded 0% up during most recent session to reach at the closing price of $7.5. The stock exchanged hands 1.61 Million shares versus average trading capacity of 1.17 Million shares, yielding a market cap of $512.1 Million. Wall Street analysts covering the stock are projecting that the stock will reach $7.63 within the next 52-weeks. The mean target projections are based on 4 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have Shoretel Inc (NASDAQ:SHOR) high price target of $8 and with a conservative view have low price target of $7.5.
Lake Street “Downgrades” Shoretel Inc (NASDAQ:SHOR) in a research note issued to investors on 7/31/17 to Hold with price target of $0.
Additionally on 1/27/17 Craig-Hallum “Downgrades” Shoretel Inc (NASDAQ:SHOR) to Hold setting price target at $0 and on 11/20/15 SunTrust Robinson Humphrey “Maintained” the stock to Buy at $13. Furthermore on 8/10/15 Canaccord Genuity “Initiates Coverage on” the stock to Buy at $10.
On the other hand the company has Relative Strength Index (RSI 14) of 83.43 along with Average True Range (ATR 14) of 0.15, Consequently Shoretel Inc (NASDAQ:SHOR)’s weekly and monthly volatility is 0.66%, 1.63% respectively. The company’s beta value is at 1.39.
In terms of Buy, Sell or Hold recommendations, Shoretel Inc (NASDAQ:SHOR) has analysts’ mean recommendation of 3. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
According to analysts Shoretel Inc (NASDAQ:SHOR)’s minimum EPS for the current quarter is at $-0.03 and can go high up to $0.02. The consensus mean EPS for the current quarter is derived from a total of 4 estimates from the analysts who have weighed in on projected earnings. However the company reported $0.01 earnings per share for the same quarter during last year.
Previously Shoretel Inc (NASDAQ:SHOR) reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.04. The company posted an earnings surprise of 200%.
Shoretel Inc (NASDAQ:SHOR)’s revenue estimates for the current quarter are $85.7 Million according to 5 number of analysts, for the current quarter the company has high revenue estimates of $86.9 Million in contradiction of low revenue estimates of $83.88 Million. For the current year the company’s revenue estimates are $349.67 Million compared to low analyst estimates of $344.05 Million and high estimates of $355.21 Million according to 5 number of analysts.
Currently Shoretel Inc (NASDAQ:SHOR)’s shares owned by insiders are 1.23%, whereas shares owned by institutional owners are 88.3%. However the six-month change in the insider ownership was recorded -0.15%, as well as three-month change in the institutional ownership was recorded 0.94%.
Shoretel Inc (NASDAQ:SHOR) 52-week high price stands at $8.50 and low price stands at $5.55, its price distance from 52-week high is -11.76% while its distance from 52-week low price is 35.14%. The stock hit its 52-week high on 09/19/16, and 52-week low on 03/24/17.
Shoretel Inc (NASDAQ:SHOR)’s trailing twelve month revenues are $357.8 Million, whereas its price to sales ratio for the same period is 1.43. Its book value per share for the most recent quarter is $2.95 while its price to book ratio for the same period is 2.54, as for as the company’s cash per share for the most recent quarter is $1.7, however its price to cash per share ratio for the same period is 4.42. The stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 0.