The stock of Rocket Fuel Inc (NASDAQ:FUEL) reached all time high today, Dec, 1 and still has $1.81 target or 6.00% above today’s $1.71 share price. This indicates more upside for the $72.38 million company. This technical setup was reported by Barchart.com. If the $1.81 PT is reached, the company will be worth $4.34M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. The stock decreased 6.04% or $0.11 on December 1, hitting $1.71. About 241,984 shares traded hands. Rocket Fuel Inc (NASDAQ:FUEL) has declined 37.24% since April 28, 2016 and is downtrending. It has underperformed by 43.17% the S&P500.
Rocket Fuel Inc (NASDAQ:FUEL) Ratings Coverage
Out of 2 analysts covering Rocket Fuel (NASDAQ:FUEL), 0 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 0 are positive. Rocket Fuel has been the topic of 7 analyst reports since August 6, 2015 according to StockzIntelligence Inc. On Monday, September 28 the stock rating was maintained by Citigroup with “Neutral”. The firm has “Hold” rating by Evercore given on Thursday, September 3. The stock of Rocket Fuel Inc (NASDAQ:FUEL) earned “Buy” rating by Zacks on Tuesday, August 11. Boenning & Scattergood initiated the stock with “Neutral” rating in Thursday, November 12 report.
Another recent and important Rocket Fuel Inc (NASDAQ:FUEL) news was published by Profitconfidential.com which published an article titled: “FUEL Stock: Has Rocket Fuel Inc Finally Bottomed?” on August 15, 2016.
Rocket Fuel Inc. is a technology company, which offers a Programmatic Marketing Platform that is designed for helping marketers and their agencies to connect with clients through digital media. The company has a market cap of $72.38 million. The Company’s service offerings are organized around platforms, including Data Management Platform and Demand Side Platform (DSP), which are used by clients themselves or integrating with other customer relationship management or marketing platforms, and together in various permutations as its Programmatic Marketing Platform. It currently has negative earnings. The integrated platform is designed to deliver and optimize media spend to engage, upsell and retarget clients across addressable channels, including display, mobile and video, and across addressable devices, such as tablets, set top boxes, television and mobile phones.
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