TiVo Corporation (TIVO): Take A Look At It Now

The stock of TiVo Corporation (NASDAQ:TIVO) has been Reiterated to Buy by B. Riley FBR in its latest research note that was published on May 10. TIVO has given a price target of $18 by B. Riley FBR, with other Wall Street analysts also giving their reports regarding the stock. B. Riley FBR analysts again handed out a Buy rating to TIVO stock but they lifted target price for the shares in a flash note to investors on August 27. The price target has been raised from $19 to $23. Analysts at B. Riley FBR, Inc. are sticking to their Buy recommendation. However, on February 28, they lifted target price for these shares to $19.50 from $18.Analysts at B. Riley FBR, Inc., made their first call for the stock with a Buy rating, according to a research note that dated back to February 28.

TiVo’s stock is covered by 3 analysts, with none of them rating the stock as Buy. It has been deemed to have strong buy by 3 of the analysts, none of them have rated it as a Hold while none of them rated it as sell. The situation was different a month ago when the stock was rated as a Buy by only none analysts. 3 of them rated it as strong buy with none of them recommended investors to Hold on to the stock. Meanwhile, none analyst(s) rated it as a sell. The above data shows that TIVO has an average analyst rating of 2.00.

TiVo Corporation, which has current market capitalization of above $972 Million, published its last quarter earnings on June 30, 2016. The company was able to amass $174.5 million in revenue. This figure is $12.9 million more than what analysts had expected which was $161.59 million. During the first quarter of the year, TiVo also recorded $0.33 earnings per share (EPS) which is $0.15 above the $0.19 estimated by Thomson Reuter’s analyst, leading to a surprise factor of 78.38%.

TIVO surged by $0.06 during the normal trading session on Tuesday and reaching a high of $7.80 during the day while it closed the day at $7.46. The TiVo stock had a low trading volume of 0.63 million shares on that day, which is low compared to the average daily volume of 1.33M shares. TIVO has also lost 2.86% of its value over the past 7 days. However, the stock has declined by 16.55% in the 3 months of the year. Over the past six months meanwhile, it has lost 31.56% while it has lost 20.72% year-on date. Let us now take a look at the stock’s potential support and resistance levels. The publicly traded company was seen to have slipped by -18.91% from its 3 months high price. However, taking another look at TIVO will indicate that it is trading +12.86% away from its 90-day low. Looking at the bigger picture, the TiVo Corporation stock has dropped by -47.46% from its 52-week high while it has surged by +12.86% from its 52-week low price.

TiVo has around 147 Billion cash on their books at the moment. This figure will have to be compared and looked into, with their current liabilities standing at $448 Billion. The TiVo stock is bringing in revenue of over 12 months, which is roughly 135 Billion. Despite all that, TiVo Corporation is seeing things progressing very much as their y-o-y quarterly revenue surged by 7.45%.

Looking at the stock’s Technical analysis information over the past 50 days shows that its Raw Stochastic average stood at 43.59%. This figure is better than the company’s 20-day Raw Stochastic average which currently stands at 21.71%. Over the past 20 days, TiVo’s Stochastic %K stood at 40.62% while its Stochastic %D was revealed to be 56.64%.