Stocks Jumping Back On The Frontlines: Marathon Patent Group, Inc. (MARA), Sibanye Gold Limited (SBGL) – The RNS Daily


Marathon Patent Group, Inc. (NASDAQ:MARA)’s beta now stands at 1.97 and when compared to its 200-day moving average and its 50-day moving average, MARA price stands -41.13% below and 15.29% above respectively. The stock dropped by -83.33% or -$2.5 from its last recorded high of $3 which it attained on February 15 to close at $0.5 per share. Over the past 52 weeks, the shares of Marathon Patent Group, Inc. has been trading as low as $0.33 before witnessing a massive surge by 51.52% or $0.17. This price movement has led to the MARA stock receiving more attention and has become one to watch out for. It dipped by -2.06% on Monday and this got the market worried. Its average daily volatility for this week is 22.63% which is more than the 12.51% recorded over the past month.

Marathon Patent Group, Inc. (MARA) rose 7.32% this week, a trend that has led to both investors and traders taking note of the stock. Over the past one year, the equity price has embarked on a drop that has seen it decline -80.3% and is now up by 39.26% since start of this year. A look at its monthly performance shows that the stock has recorded a 25.47% gain over the past 30 days. Its equity price dipped by -41.96% over the past three months which led to its overall six-month decrease to stand at -47.58%.

A look at MARA technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 61.28 point. Its trading volume has added 1101294 shares compared to readings over the past three months as it recently exchanged 1504694 shares. This means there is improved activity from short-term traders as per session, its average trading volume is 403400 shares, and this is 3.73 times the normal volume.

The price of Sibanye Gold Limited (NYSE:SBGL) currently stands at $4.17 after it went down by $-0.13 or -3.02% and has found a strong support at $4.09 a share. If the SBGL price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $4 mark would also be bad for the stock as it means that the stock would plunge by 4.08% from its current position. However, if the stock price is able to trade above the resistance point around $4.23, then it could likely surge higher to try and break the upward resistance which stands at $4.29 a share. Its average daily volatility over the past one month stands at 4.76%. The stock has plunged by 2.52% from its 52-weeks high of $4.065 which it reached on Feb. 15, 2018. In general, it is 51.56% above its 52-weeks lowest point which stands at $2.02 and this setback was observed on Aug. 17, 2018.

Analysts have predicted a price target for Sibanye Gold Limited (SBGL) for 1 year and it stands at an average $4.6/share. This means that it would likely increase by 10.31% from its current position. The current price of the stock has been moving between $4.065 and $4.21. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $2.31. On the other hand, one analyst is super bullish about the price, setting a target as high as $7.26.

The SBGL stock Stochastic Oscillator (%D) is at 92.25%, which means that it is currently overbought and its prices could dip very soon. The shares P/S ratio stands at 0.57. The stock currently has an estimated price-earnings (P/E) multiple of 32.08, which is lower than the 74.46 multiple of 12-month price-earnings (P/E). The company’s earnings have gone down, with a quarterly decrease rate of -23.7% over the past five years.

Analysts view Sibanye Gold Limited (NYSE:SBGL) as a Buy, with 0 consensus rating. Reuters surveyed 1 analysts that follow SBGL and found that 0 of those analysts rated the stock as a Hold. The remaining 1 were divided, with 1 analyst rating it as a Buy or a Strong Buy while 0 analysts advised investors to desist from buying Sibanye Gold Limited (SBGL) shares or sell it if they already own it.



Source link




Leave a Reply

Your email address will not be published. Required fields are marked *