Nuance Communicatns (NASDAQ:NUAN) shares traded 3.14% up during most recent session to reach at the closing price of $16.77. The stock exchanged hands 4.98 Million shares versus average trading capacity of 2.9 Million shares, yielding a market cap of $4.82 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $20.17 within the next 52-weeks. The mean target projections are based on 6 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have Nuance Communicatns (NASDAQ:NUAN) high price target of $23 and with a conservative view have low price target of $17.
Morgan Stanley “Downgrades” Nuance Communicatns (NASDAQ:NUAN) in a research note issued to investors on 1/15/19 to Equal-Weight with price target of $17.
Additionally on 10/19/18 Wedbush “Initiates Coverage On” Nuance Communicatns (NASDAQ:NUAN) to Outperform setting price target at $22 and on 8/09/18 Standpoint Research “Downgrades” the stock to Hold at $0. Furthermore on 8/09/18 Barclays “Maintained” the stock to Overweight at $20.
On the other hand the company has Relative Strength Index (RSI 14) of 73.7 along with Average True Range (ATR 14) of 0.42, Consequently Nuance Communicatns (NASDAQ:NUAN)’s weekly and monthly volatility is 2.37%, 2.51% respectively. The company’s beta value is at 1.17.
In terms of Buy, Sell or Hold recommendations, Nuance Communicatns (NASDAQ:NUAN) has analysts’ mean recommendation of 2. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
According to analysts Nuance Communicatns (NASDAQ:NUAN)’s minimum EPS for the current quarter is at $0.27 and can go high up to $0.29. The consensus mean EPS for the current quarter is at $0.28 derived from a total of 6 estimates from the analysts who have weighed in on projected earnings. However the company reported $0.27 earnings per share for the same quarter during last year.
Previously Nuance Communicatns (NASDAQ:NUAN) reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.06. The company posted an earnings surprise of 18.8%.
Nuance Communicatns (NASDAQ:NUAN)’s revenue estimates for the current quarter are $504.74 Million according to 5 number of analysts, for the current quarter the company has high revenue estimates of $510 Million in contradiction of low revenue estimates of $499.5 Million. For the current year the company’s revenue estimates are $2.08 Billion compared to low analyst estimates of $2.08 Billion and high estimates of $2.09 Billion according to 6 number of analysts.
Currently Nuance Communicatns (NASDAQ:NUAN)’s shares owned by insiders are 1.1%, whereas shares owned by institutional owners are 93.1%. However the six-month change in the insider ownership was recorded -5.95%, as well as three-month change in the institutional ownership was recorded 0.21%.
Nuance Communicatns (NASDAQ:NUAN)’s trailing twelve month revenues are $2.05 Billion, whereas its price to sales ratio for the same period is 2.35. Its book value per share for the most recent quarter is $5.98 while its price to book ratio for the same period is 2.8, as for as the company’s cash per share for the most recent quarter is $1.57, however its price to cash per share ratio for the same period is 10.66. The stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 0.