Technology

Analyst Recommendation about two Stocks: TrueCar, Inc. (NASDAQ:TRUE), XG Technology, Inc (NASDAQ:XGTI)

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TrueCar, Inc. (NASDAQ:TRUE) went higher by +1.53% to close at $ 7.97. The company exchanged total volume of 775.4 thousand shares throughout course of last trade however it holds an average trading capacity of 666.51 thousand shares. Shares of company began trading at $7.81 climbed to high of $8.16 touched the low of $7.81.

The company is trading above its 50-day moving averages of 7.19 and up from 200-day moving averages of 6.59. The firm has price to book ratio of 2.89 and its price to sale ratio was 2.50.

TrueCar, Inc. (NASDAQ: TRUE) estimates that U.S. new vehicle sales generated $50.9 billion in June, up 7.4 percent from a year ago and the highest ever recorded for the month, propelled by consumers’ continued shift to crossovers and light trucks from midsize sedans.

Stronger average transaction prices last month helped automakers post a $3.5 billion gain in revenue compared with June 2015, amid a projected 8.6 percent raise in incentive spending from a year ago. As before reported, TrueCar estimates sales of new cars and light trucks expanded by 5.4 percent last month to 1,556,844 units.

The average true range of TrueCar, Inc.’s (TRUE) is recorded at 0.38 and the relative strength index of the stock stands 63.57. The stock price is going above to its 52 week low with 98.75% and lagging behind from its 52 week high with -34.24%. Analyst recommendation for this stock stands at 3.10. A look on the firm performance, its monthly performance is 9.78% and a quarterly performance of 51.23%. The stock price is trading upbeat from its 200 days moving average with 20.17% and up from 50 days moving average with 15.70%.

Brokerage Recommendations:

According to ZACKS data, different Brokerage Firms rated the stock about their BUY, SELL or HOLD recommendations. One week ago, shares have been suggested as “BUY” from “6” brokerage firms and recommended as “Strong Buy” by “0” brokerage firms. 1” brokerage firms have issued “Sell” rating for the company and “Strong Sell” rating was issued by “3.29” brokerage firms. “0” brokerage firms have rated the company as a “Hold”. The Corporation has average brokerage recommendation (ABR) of 0 based on consensus of the brokerage firms issuing ratings.

XG Technology, Inc (NASDAQ:XGTI) dropped -4.55% and closed the trade at $ 1.05. The company recorded a trading capacity of 670.08 thousand shares below its three months average daily volume of 1.05 million shares. During the last trade, shares reached to high price of $1.08 and touched the low price of $0.99. The stock’s 50-day moving average is noted at $1.64 and its 200-day moving average is stands at $1.74.

Additionally, the company has EPS of -19.10. The company has market capitalization of $3.78M.

xG Technology, Inc.’s (XGTI) has price-to-cash ratio of 16.19 and price to sale ratio of 6.23. The companygross profit margin is 52.50%. A look on the firm performance, its monthly performance is 430.30% and a quarterly performance of 1029.03%. The stock price is moving up from its 20 days moving average with 76.35% and isolated positively from 50 days moving average with 237.21%.

Brokerage Recommendations:

According to ZACKS data, different Brokerage Firms rated the stock about their BUY, SELL or HOLD recommendations. One week ago, shares have been suggested as “BUY” from “0” brokerage firms and recommended as “Strong Buy” by “0” brokerage firms. 0” brokerage firms have issued “Sell” rating for the company and “Strong Sell” rating was issued by “1” brokerage firms. “0” brokerage firms have rated the company as a “Hold”. The Corporation has average brokerage recommendation (ABR) of 0 based on consensus of the brokerage firms issuing ratings.

 

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