Stocks to Watch: Eyes on Infosys Limited (INFY), Quorum Health Corporation (QHC)

The price of Infosys Limited (NYSE:INFY) went up by $0.13 now trading at $10.65. Their shares witnessed a 24.27% increase from the 52-week low price of $8.57 they recorded on 2018-05-08. Even though it is still -6.85% behind the $11.38 high touched on 2019-04-08. The last few days have been good for the stock, as its price has grew by 2.5% during the week. It has also performed better over the past three months, as it added around 0.95% while it has so far climbed around 24.44% during the course of a year. The stock of INFY recorded 12.48% uptrend from the beginning of this year till date. The 12-month potential price target for Infosys Limited is set at $10.74. This target means that the stock has an upside potential to increase by 0.85% from the current trading price.

51 institutions entered new Infosys Limited (NYSE:INFY) positions, 181 added to their existing positions in these shares, 181 lowered their positions, and 35 exited their positions entirely.

Infosys Limited (INFY) trade volume has decreased by -43.31% as around 5,084,674 shares were sold when compared with its 50-day average volume of traded shares which is 8,968,474. At the moment, INFY is witnessing a downtrend, as it is trading -1.64% below its 20-day SMA, -1.03% below its 50-day SMA, and 5.11% below its 200-day SMA. The company runs an ROE of roughly 24.1%, with financial analysts predicting that their earnings per share growth will be around 8% per annum for the next five year. This will be compared to the 147.2% increase witnessed over the past five years.

The first technical resistance point for Infosys Limited (NYSE:INFY) will likely come at $10.7, marking a 0.47% premium to the current level. The second resistance point is at $10.75, about 0.93% premium to its current market price. On the other hand, inability to breach the immediate hurdles can drag it down to $10.51, the lower end of the range. INFY’s 14-day MACD is -0.1 and this negative figure indicates a downward trading trend. The company’s 14-day RSI (relative strength index) score is 47.42, which shows that its stock has been neutral. The 20-day historical volatility for the stock stands at 20.88 percent, which is high when compared to that of the 50-day’s 18.22 percent.

The shares of Quorum Health Corporation (NYSE:QHC) has increased by 6.1%, and now trading at $1.74 on the Wall Street in the intra-day deal, with their shares traded now around 574,600. This is a decline of -108,116 shares over the average 682,716 shares that were traded daily over the last three months. The stock that is trading at $1.74 went higher by 83.16% from its 52-week low of $0.95 that it attained back on 2019-04-09. The stock recorded a 52-week high of $7.95 nearly 354 days ago on 2018-05-10.

QHC stock has performed well over the past 30 days, as it added 16% while its price plunged by -39.79% year-to-date (YTD). Looking at the last few days, it has been good for the stock, as it rose 65.71% over the last week. The stock’s 12-month potential target price is now at $4.5. This means that the stock price might likely increase by 158.62% from its current trading price. 0 out of 2 Wall Street analysts which represents 0% rated the stock as a buy while the remaining 100% rated it as a hold, with 0% of analysts rating it as a sell.

Quorum Health Corporation (NYSE:QHC) has been utilizing an ROE that is roughly 430.1%, with stock analysts predicting that the company’s EPS for the next five years will go down by 0% per year, following the -52.4% drop that was witnessed during the past five years. The stock at the moment is on a uptrend, trading 45.42% above its 20-day SMA, -6.2% below its 50-day SMA, and -51.31% below its 200-day SMA. In percentage terms, the aggregate Quorum Health Corporation shares held by institutional investors is 97.7%. 10 institutions jumped in to acquire Quorum Health Corporation (QHC) fresh stake, 39 added to their current holdings in these shares, 56 lowered their positions, and 16 left no stake in the company.

The stock’s 9-day MACD is 0.35 and this positive figure indicates an upward trading trend. The company’s 9-day RSI score is 75.96, which shows that its stock has been overbought. The 20-day historical volatility for the shares stand at 125.98 percent, which is more when compared to that of the 50-day’s 103.93 percent. On the daily chart, we see that the stock could reach the first level of resistance at $1.82, sporting a 4.4% premium to the current level. The next resistance point is at $1.9, representing nearly 8.42% premium to the current market price of Quorum Health Corporation (QHC). On the other hand, failure to breach the immediate hurdles can drag it down to $1.48, the lower end of the range.

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