Great Progress On All Fronts? – Caterpillar Inc. (CAT), Vonage Holdings Corp. (VG)

The stocks of Caterpillar Inc. (NYSE:CAT) has been Downgraded as a Equal-Weight from Overweight by Morgan Stanley in its latest research note that was published on October 18. CAT was given a price target of $145 by Morgan Stanley, with other Wall Street analysts also giving their reports regarding the stock. The stock also received a Underweight rating from Stephens. This was contained in a research note published by the firm on August 15. The stock received a Buy to Neutral rating and a price target of $156 to $130 in Goldman’s research note that was published on August 08.

Caterpillar’s stock is covered by 25 analysts, with 9 of them rating the stock as Buy. It has been deemed to have strong buy by 1 of the analysts, 12 of them have rated it as a Hold while 2 of them rated it as sell. The situation was different a month ago when the stock was rated as a Buy by only 9 analysts. 2 of them rated it as strong buy with 12 of them recommended investors to Hold on to the stock. Meanwhile, 1 analyst(s) rated it as a sell. The above data shows that CAT has an average analyst rating of Overweight.

Caterpillar Inc., which has current market capitalization of above $79 Billion, published its last quarter earnings on September 30, 2019. The company was able to amass $13 Billion in revenue, which saw a quarterly growth rate of -5.57 percent. During that quarter of the year, Caterpillar also recorded $2.66 earnings per share (EPS) which is $-0.16 above the $2.82 estimated by the analysts, leading to a surprise factor of -5.67%.

CAT surged by $2.91 during the normal trading session on Thursday and reaching a high of $148.40 during the day while it closed the day at $147.01. The Caterpillar stock had a low trading volume of 3.54 million shares on that day, which is low compared to the average daily volume of 4.12M shares. CAT has also gained 6.68% of its value over the past 7 days. However, the stock has surged by 23.14% in the 3 months of the year. Over the past six months meanwhile, it has gained 11.93% while it has added 15.69% year-on date.

Shares in Vonage Holdings Corp. (NYSE:VG) fell by -0.12 percent on Thursday. The company’s stock began trading at $8.36 below the previous closing price of $8.37, and finished the day at $8.32. 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 -39.49% from its 3 months high price. However, taking another look at VG will indicate that it is trading +3.68% away from its 90-day low. Looking at the bigger picture, the Vonage Holdings Corp. stock has dropped by -39.49% from its 52-week high while it has surged by +5.12% from its 52-week low price.

On November 01, 2019 Citron Jeffrey A, Director sold 250,000 shares of the company. The average price for that transaction was $9.78 per share, which meant that Citron Jeffrey A earned $2,445,000.00 selling the stocks. The sale was made public, with the document of the transaction filed with the SEC. Another insider trading occurred, with Director, Citron Jeffrey A selling 400,000 shares of this stock on September 11, 2019. The average selling price for the stock was $12.55 per share, with the sold stock accruing $5,020,000.00. Following this transaction, the insider now holds 408,333 shares of the company, which is worth around $59,408,368.00.

Let us now take a quick look at the stock’s short, medium and long-term indicators. Composite Indicator shows that VG stock was rated as a Sell by TrendSpotter. Its short-term indicators reveal that Vonage has a 20-day average volume of 2769710 shares. This has led to the VG price forecast being placed as a 100%Sell on an average basis. In the medium term, however, the VG stock has its 50-Day average volume of 2593680 shares, with the indicators also rating it as a 50%Sell. Finally, in the long-term, the VG stocks have a 100-Day average volume of 2727484 shares, with the long-term indicators rating the stock as just 50%Sell.

Vonage has around 19 Million cash on their books at the moment. This figure will have to be compared and looked into, with their current liabilities standing at $238 Million. The Vonage stock is bringing in revenue of over 12 months, which is roughly 1 Billion. Despite all that, Vonage Holdings Corp. is seeing things progressing very much as their y-o-y quarterly revenue surged by 0.84%.

Looking at the stock’s Technical analysis information over the past 50 days shows that its Raw Stochastic average stood at 5.51%. This figure is worse than the company’s 20-day Raw Stochastic average which currently stands at 10.67%. Over the past 20 days, Vonage’s Stochastic %K stood at 18% while its Stochastic %D was revealed to be 21.69%.