The stock of Science Applications International Corporation (NYSE:SAIC) has been Initiated to Overweight by JP Morgan in its latest research note that was published on September 24. SAIC was given a price target of $102, with other Wall Street analysts also giving their reports regarding the stock. Barclays, analysts launched coverage of SAIC stock with a Overweight rating, according to their flash note to investors on September 20. Analysts at Cowen issued an upgrade fromMarket Perform to Outperform for the stock, in a research note that dated back to September 09.
Science’s stock is covered by 11 analyst(s), with 9 of them rating the stock as Buy. It has been deemed to have Strong Buy by none of the analyst(s), 2 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 analyst(s). none 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 SAIC has an average analyst rating of Buy.
Science Applications International Corporation, which has current market capitalization of above $5 Billion, published its last quarter earnings on July 31, 2019. The company was able to amass $2 Billion in revenue that saw a quarterly growth rate of 42.96%. During the last reported quarter of the year, the company also recorded $1.35 earnings per share (EPS) which is $0.08 above the $1.27 estimated by analyst, leading to a surprise factor of 6.3%.
SAIC surged by $2.04 during the normal trading session on Wednesday and reaching a high of $86.64 during the day while it closed the day at $86.14. The Science stock had a low trading volume of 0.63 million shares on that day, which is low compared to the average daily volume of 418.92M shares. SAIC has also gained 2.24% of its value over the past 7 days. However, the stock has surged by 1.59% in the 3 months of the year. Over the past six months meanwhile, it has gained 17.53% while it has added 35.23% 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 -6.87% from its 3 months high price. However, taking another look at SAIC will indicate that it is trading +9.18% away from its 90-day low. Looking at the bigger picture, the Science Applications International Corporation stock has dropped by -6.87% from its 52-week high while it has surged by +48.05% from its 52-week low price.
On June 14, 2019 Moraco Anthony J, CEO sold 12694 shares of the company. The average price for that transaction was $85.87 per share, which meant that Moraco Anthony J earned $1090034 selling the stocks. The sale was made public, with the document of the transaction filed with the SEC. Another insider trading occurred, with CEO, Moraco Anthony J selling 28000 shares of this stock on June 13, 2019. The average selling price for the stock was $85.98 per share, with the sold stock accruing $2407440. Following this transaction, the CEO Moraco Anthony J now holds 65798 shares of the company, which is worth around $5566511.
Let us now take a quick look at the stock’s short, medium and long-term indicators. Composite Indicator shows that SAIC stock was rated as a Sell by TrendSpotter. Its short-term indicators reveal that Science has a 20-day average volume of 560069 shares. This has led to the SAIC price forecast being placed as a : 100%Buy on an average basis. In the medium term, however, the SAIC stock has its 50-Day average volume of 401066 shares, with the indicators also rating it as a : 100%Buy. Finally, in the long-term, the SAIC stocks have a 100-Day average volume of 431792 shares, with the long-term indicators rating the stock as just : 100%Buy. Looking at the three indicators, the SAIC stock has been set on a 0.88 Buy rating.
Science has around 179 Billion cash on their books at the moment. This figure will have to be compared and looked into, with their current liabilities standing at $1 Trillion. The Science stock is bringing in revenue of over 12 months, which is roughly 185 Billion. Despite all that, Science Applications International Corporation is seeing things progressing very much as their y-o-y quarterly revenue surged by 65.18%.
Looking at the stock’s Technical analysis information over the past 50 days shows that its Raw Stochastic average stood at 53.27%. This figure is better than the company’s 20-day Raw Stochastic average which currently stands at 47.04%. Over the past 20 days, Science’s Stochastic %K stood at 36.2% while its Stochastic %D was revealed to be 32.17%.