Many investors will be carefully reviewing company earnings results when they are released to the public. They will most likely be keeping a close eye on how the actual results stack up to Wall Street analyst estimates. According to analysts polled by Zacks Research, the current quarter EPS consensus estimate is resting at 0.15 for shares of Bitauto Holdings Limited (NYSE:BITA). The number consists of projections offered by 1 contributing analysts. For the last quarter, the company posted a quarterly EPS of 0.49.
When examining current stock market levels, investors who have been staying on the sidelines may be wondering if now is a good time to get back into the ring. Nobody can say for sure if momentum will continue to push to the upside, and investors may be overly cautious at this stage. Studying company financials and paying attention to pertinent economic data can help the investor make more educated decisions when it comes to the stock market. It is obviously very hard for a new investor to become highly successful in the stock market right out of the gate. Doing all the homework and dedicating the proper amount of time can help the investor get on the right track to accumulating profits down the road.
Shifting the focus to some possible support and resistance levels on shares of Bitauto Holdings Limited (NYSE:BITA), we note that the 52-week high is currently $31.73, and the 52-week low is currently $16.06. When shares are trading near to the 52-week high or 52-week low, investors may be watching for a break through either level. Investors may also be watching historical price action. Over the past 12 weeks, the stock has moved -5.37%. Going back to the start of the year, we can see that shares have moved -28.18%. Over the last 4 weeks, shares have seen a change of -9.88%. Over the last 5 trading days, the stock has moved -6.96%. Checking in on recent session activity, we have seen that the stock has been trading near the $17.79 mark.
Looking further at shares of Bitauto Holdings Limited (NYSE:BITA), we have noticed that the current consensus target price is $24.5. Wall Street analysts have the ability to create price target estimates for where they think the stock will be moving in the near-term. Because price target projections can differ from one analyst to the next, they may span a wide range of values. Many investors will closely track target prices, and they tend to pay extra close attention when analysts make revisions to those targets.
Wall Street analysts often give buy/sell/hold ratings for the companies that they track. Investors have the ability to view these sell-side ratings in order to help with their own stock research. Analyst ratings may have different interpretations. According to analysts polled by Zacks Research, the current average broker rating on shares of Bitauto Holdings Limited (NYSE:BITA) is 1.63. This rating uses a scale between 1 and 5. Following this scale, a rating of 1 would represent a Strong Buy, and a rating of 5 would indicate a Strong Sell recommendation. Out of all these analysts offering ratings, 3 have rated the stock a Strong Buy or Buy, according to Zacks Research.
As we move closer to the close of the year, investors will be closely watching the next round of company earnings results. Investors may choose to closely follow Wall Street analyst projections around earnings periods. Analysts will typically make adjustments to estimates as the earnings date approaches. Many investors will look to see which way the estimate revisions are trending heading into the earnings report. Once the release is published, analysts have the ability to make further updates based on actual information that the company provides.
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