What’s Propelling Rhythmone PLC to Reach 52-Week High?

 What's Propelling Rhythmone PLC to Reach 52 Week High?

The stock of Rhythmone PLC (LON:RTHM) hit a new 52-week high and has GBX 41.87 target or 5.00% above today’s GBX 39.88 share price. The 6 months bullish chart indicates low risk for the GBX 162.74M company. The 1-year high was reported on Nov, 22 by Barchart.com. If the GBX 41.87 price target is reached, the company will be worth GBX 8.14 million 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 1.60% or GBX 0.63 on November 22, hitting GBX 39.88. About 2.21M shares traded hands or 177.34% up from the average. Rhythmone PLC (LON:RTHM) has risen 130.88% since April 22, 2016 and is uptrending. It has outperformed by 126.33% the S&P500.

Rhythmone PLC (LON:RTHM) Ratings Coverage

Out of 2 analysts covering Rhythmone Plc (LON:RTHM), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Rhythmone Plc has been the topic of 3 analyst reports since October 11, 2016 according to StockzIntelligence Inc. N+1 Singer maintained Rhythmone PLC (LON:RTHM) on Friday, November 18 with “Buy” rating. As per Tuesday, November 8, the company rating was maintained by Numis Securities. Numis Securities upgraded the stock to “Add” rating in Tuesday, October 11 report.

More important recent Rhythmone PLC (LON:RTHM) news were published by: Reuters.com which released: “BRIEF-Blinkx to change name to Rhythmone Plc” on June 16, 2016, also Fool.Co.Uk published article titled: “How RhythmOne Could Change Investor Fortunes At Blinkx Plc”, Fool.Co.Uk published: “Are RhythmOne plc, Dechra Pharmaceuticals plc and Pagegroup plc ‘buys’ after …” on July 12, 2016. More interesting news about Rhythmone PLC (LON:RTHM) was released by: Uk.Finance.Yahoo.com and their article: “RhythmOne plc (BLNX.L)” with publication date: March 29, 2014.

RhythmOne plc, formerly blinkx plc, is an online advertising firm that connects digital audiences with brands through content across devices. The company has a market cap of 162.74 million GBP. The Firm is engaged in offering online advertising through a range of formats and pricing options that include video, mobile, social, display, native, text and media covering brand, and performance advertising campaigns, sold both directly and programmatically. It currently has negative earnings. The Firm offers RhythmMax, which is an integrated programmatic trading platform.

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