Raymond James analysts issued a report on Sierra Wireless (NASDAQ: SWIR) stocks this Monday 25th January, 2021. The firm set the Target Price of the multinational wireless communications equipment designer and manufacturer at $13.00.
Raymond James currently has a “market perform” rating on Sierra Wireless stocks for the ongoing quarter. The revised target price indicates that the company’s current stock price will go down by 38.10% compared to its last close.
Sierra Wireless (NASDAQ: SWIR) Stock Technical Analysis
Sierra Wireless Inc. stocks traded at $21.00 this Monday. The company’s current market capitalization stands at $769.00 million. It has a negative PE ratio of 12.50 along with a beta of 2.36 at the moment. The 12-monthly high to low ranges from $22.22 to $4.31. The 50SMA (50 Days Simple Moving Average) stands at $15.49 and its 200SMA stands at $12.53. SWIR’s current ratio is 1.55, quick ratio is 1.39 and debt-to-equity ratio is 0.16.
The quarterly earnings report for the previous quarter was released on the 12th of November. The earnings stood at $0.33 EPS as opposed to the general consensus of $0.23 proposed by analysts at Zacks Investment Research. The company’s return on equity stands at -14.35% along with the net margin of -10.39%. The estimated income for the firm was marked at $156.40 million but it made $113.37 million for the quarter. Analysts at several research firms suggest that the Sierra Wireless will report -1.78 as its earnings per share for the ongoing year.
NASDAQ: SWIR has recently been the subject of a lot of reports by research analysts. Some such as Zacks Investment Research, National Bank Financial, Canaccord Genuity, Colliers Security, B. Riley, and so on have posted reports on this company over the last few months.
The recent consensus on this company’s stocks stands at “Hold” rating with $15.65 as a consensus on the target price. Several hedge funds have also been involved in buying and selling of NASDAQ: SWIR shares recently.