The stock of Vipera Plc (LON:VIP) hit a new 52-week high and has GBX 12.34 target or 99.00% above today’s GBX 6.20 share price. The 6 months bullish chart indicates low risk for the GBX 16.99M company. The 1-year high was reported on Nov, 4 by Barchart.com. If the GBX 12.34 price target is reached, the company will be worth GBX 16.82M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 15.35% or GBX 0.83 on November 4, hitting GBX 6.2. About 524,574 shares traded hands or 133.81% up from the average. Vipera Plc (LON:VIP) has risen 72.41% since April 7, 2016 and is uptrending. It has outperformed by 71.32% the S&P500.
Vipera Plc is a mobile financial-services well-known provider working with a customer base of financial institutions. The company has a market cap of 16.99 million GBP. The Firm develops, manufactures and deploys mobile software that enable mobile access to personal financial services and offers multi-channel mobility solutions for a range of banking, card management and other functionality ready for deployment by financial institutions, primarily banks. It currently has negative earnings. It also provides consultancy services focused on the technology needs of banks and financial institutions.
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