The stock of Sierra Wireless, Inc. (TSE:SW) gapped up by $0.92 today and has $24.36 target or 27.00% above today’s $19.18 share price. The 5 months technical chart setup indicates low risk for the $595.34 million company. The gap was reported on Nov, 4 by Barchart.com. If the $24.36 price target is reached, the company will be worth $160.74M more.
Gaps up are useful for using as a support level and to some extent as a tradeable event. If investors already hold the stock and experience a price gap up, then its usually a good idea to hold the stock for a stronger up move. Back-tests of these patterns indicate that two-thirds of the times the stock performance improves after the gap. The area gaps close 89% of the time, the breakaway gaps, 2%, the continuation gaps 4% and the exhaustion gaps 61%. About 191,393 shares traded hands or 503.06% up from the average. Sierra Wireless, Inc. (TSE:SW) has declined 11.17% since March 31, 2016 and is downtrending. It has underperformed by 12.26% the S&P500.
Sierra Wireless, Inc. (TSE:SW) Ratings Coverage
Out of 2 analysts covering Sierra Wireless Inc. (TSE:SW), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. $36.50 is the highest target while $22 is the lowest. The $27.83 average target is 45.10% above today’s ($19.18) stock price. Sierra Wireless Inc. has been the topic of 3 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The stock has “Buy” rating given by Paradigm Research on Thursday, January 14.
More notable recent Sierra Wireless, Inc. (TSE:SW) news were published by: Fool.com which released: “Better Buy: Sierra Wireless Inc. or Nvidia Corporation?” on October 24, 2016, also Fool.com with their article: “Sierra Wireless, Inc. Delivers a Beat, Looks Forward to the Second Half” published on May 06, 2016, Fool.com published: “How Risky Is Sierra Wireless Inc. (USA) Stock?” on August 15, 2016. More interesting news about Sierra Wireless, Inc. (TSE:SW) were released by: Fool.com and their article: “5 Things Sierra Wireless, Inc. Management Wants You to Know” published on September 06, 2016 as well as Businesswire.com‘s news article titled: “Sierra Wireless Reports Third Quarter 2016 Results” with publication date: November 03, 2016.
Sierra Wireless, Inc. offers second generation , third generation (3G) and fourth generation (4G) cellular embedded wireless modules and gateways. The company has a market cap of $595.34 million. The Firm offers products to original equipment manufacturers (OEMs) and enterprises. It has a 111.71 P/E ratio. It operates through three divisions: OEM Solutions, Enterprise Solutions, and Cloud and Connectivity Services.
SW.TO Company Profile
Sierra Wireless, Inc., incorporated on May 31, 1993, is engaged in building the Internet of Things (IoT) with wireless solutions for organizations. The Firm offers a portfolio of second generation (2G), third generation (3G), and fourth generation (4G) cellular embedded wireless modules and gateways, integrated with its secure cloud and connectivity services. It offers its products to original equipment manufacturers (OEMs) and enterprises across the world. The Firm operates through three divisions: OEM Solutions, Enterprise Solutions, and Cloud and Connectivity Services. The Firm operates in the wireless information and communications technology industry, enabling connectivity for IoT solutions through cellular wireless technologies. Market divisions that the Company serves include automotive, transportation, energy, industrial, enterprise, residential and healthcare.
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