Stocks to Watch: Eyes on Biotelemetry, Inc. (BEAT), Ultra Clean Holdings, Inc. (UCTT)

The price of BioTelemetry, Inc. (NASDAQ:BEAT) went down by $-1.07 now trading at $58.12. Their shares witnessed a 78.01% increase from the 52-week low price of $32.65 they recorded on 2018-04-25. Even though it is still -39.23% behind the $80.92 high touched on 2019-02-05. The last few days have been rough for the stock, as its price has decreased by -4.99% during the week. It has also performed poorly over the past three months, as it lost around -14% while it has so far climbed around 68.95% during the course of a year. The stock of BEAT recorded -2.68% downtrend from the beginning of this year till date. The 12-month potential price target for BioTelemetry, Inc. is set at $83.83. This target means that the stock has an upside potential to increase by 44.24% from the current trading price.

57 institutions entered new BioTelemetry, Inc. (NASDAQ:BEAT) positions, 153 added to their existing positions in these shares, 134 lowered their positions, and 35 exited their positions entirely.

BioTelemetry, Inc. (BEAT) trade volume has decreased by -12.95% as around 600,765 shares were sold when compared with its 50-day average volume of traded shares which is 690,176. At the moment, BEAT is witnessing a downtrend, as it is trading -7.04% below its 20-day SMA, -14.4% below its 50-day SMA, and -5.05% below its 200-day SMA. The company runs an ROE of roughly 15.1%, with financial analysts predicting that their earnings per share growth will be around 25% per annum for the next five year. This will be compared to the 43.9% increase witnessed over the past five years.

The first technical resistance point for BioTelemetry, Inc. (NASDAQ:BEAT) will likely come at $59.86, marking a 2.91% premium to the current level. The second resistance point is at $61.6, about 5.65% premium to its current market price. On the other hand, inability to breach the immediate hurdles can drag it down to $55.72, the lower end of the range. BEAT’s 14-day MACD is -1.7 and this negative figure indicates a downward trading trend. The company’s 14-day RSI (relative strength index) score is 35.19, which shows that its stock has been neutral. The 20-day historical volatility for the stock stands at 42.99 percent, which is low when compared to that of the 50-day’s 47.3 percent.

The shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT) has increased by 5.93%, and now trading at $12.14 on the Wall Street in the intra-day deal, with their shares traded now around 455,950. This is a decline of -98,190 shares over the average 554,140 shares that were traded daily over the last three months. The stock that is trading at $12.14 went higher by 74.93% from its 52-week low of $6.94 that it attained back on 2018-12-26. The stock recorded a 52-week high of $19.59 nearly 365 days ago on 2018-04-17.

UCTT stock has performed well over the past 30 days, as it added 15.95% while its price climbed by 43.33% year-to-date (YTD). Looking at the last few days, it has been good for the stock, as it rose 8.59% over the last week. The stock’s 12-month potential target price is now at $15.2. This means that the stock price might likely increase by 25.21% from its current trading price. 5 out of 5 Wall Street analysts which represents 100% rated the stock as a buy while the remaining 0% rated it as a hold, with 0% of analysts rating it as a sell.

Ultra Clean Holdings, Inc. (NASDAQ:UCTT) has been utilizing an ROE that is roughly 8.5%, with stock analysts predicting that the company’s EPS for the next five years will go up by 20% per year, following the 22.7% raise that was witnessed during the past five years. The stock at the moment is on a uptrend, trading 10.71% above its 20-day SMA, 7.93% above its 50-day SMA, and 3.6% above its 200-day SMA. In percentage terms, the aggregate Ultra Clean Holdings, Inc. shares held by institutional investors is 0%. 25 institutions jumped in to acquire Ultra Clean Holdings, Inc. (UCTT) fresh stake, 90 added to their current holdings in these shares, 78 lowered their positions, and 33 left no stake in the company.

The stock’s 9-day MACD is 0.2 and this positive figure indicates an upward trading trend. The company’s 9-day RSI score is 70.38, which shows that its stock has been overbought. The 20-day historical volatility for the shares stand at 42.46 percent, which is less when compared to that of the 50-day’s 47.49 percent. On the daily chart, we see that the stock could reach the first level of resistance at $12.5, sporting a 2.88% premium to the current level. The next resistance point is at $12.86, representing nearly 5.6% premium to the current market price of Ultra Clean Holdings, Inc. (UCTT). On the other hand, failure to breach the immediate hurdles can drag it down to $11.22, the lower end of the range.

error: Content is protected !!