As we move further into the year, individual investors may be reviewing the stock portfolio. Many investors will be trying to figure out if certain stocks will be able to muster up some momentum moving forward. To get a sense of where a stock might be going, investors often study historical information and where the stock has been. Over the past 12 weeks, shares of Tech Data Corporation (NASDAQ:TECD) have seen a move of 22.32%. Looking back over the past month, shares have moved -2.42%. Over the previous week, the stock has moved 3.66%. Taking a peek at some possible support and resistance levels, we note that the 52-week high is presently sitting at 107.62, and the 52-week low is presently 67.97. Interested investors will be paying close attention to shares if they begin to approach either of those levels.
Dedicated investors are usually on the lookout for promising stocks that have been overlooked by the investment community. They may be searching for companies that have slipped under the radar and are primed for a move higher. Some investors may do the research and locate these stocks that are infrequently in the financial news headlines and are relatively unknown by the average investor. These stocks may be smaller cap, trading on a foreign exchange, or stocks that used to be prominent that have not been part of the conversation recently. Finding these stocks may take some extra research and effort. Investors who are able to do enough digging may be able to find some great names to help support the stock portfolio.
After a recent stock review, we can see that Tech Data Corporation (NASDAQ:TECD) currently has an average broker rating of 2.33. Based on analysts polled by Zacks Research, this rating lands on an easy to follow scale from 1 to 5 where a 1 would indicate a Strong Buy and a 5 would represent a Strong Sell recommendation. Sell-side analysts often provide recommendations for stocks that they regularly cover. Different institutions may use various terminologies for how they describe their ratings. Because individual analyst ratings can vary, investors may choose to follow the average in order to track the general sell-side sentiment. Looking a little further, we can see that 3 polled analysts currently have the stock rated as a Strong Buy or Buy.
Following some earnings data for Tech Data Corporation (NASDAQ:TECD), we note that the current quarter EPS consensus estimate is 4.08. This EPS estimate is using data provided by 4 sell-side analysts polled by Zacks Research. This consensus estimate may vary from other data outlets providing consensus projections. Last quarter, the company reported a quarterly EPS of 3.02. Investors often pay extra close to the actual numbers when they are reported. If the actual comes in way under what the analysts were predicting, investors might want to take a deeper look to see what is going on with the stock. Investors may also be on the lookout for positive surprises on earnings beats. When a company reports actual earnings results, the surprise factor may cause the stock price to move sharply in either direction. Because it is difficult to gauge how a stock will react after the earnings report, investors may trade with increased caution during this period of time.
Many individual investors who trade stocks are looking for the next big breakout. It can be much more exciting to be able to tell glamorous stories of picking a winning stock before everybody else was aware. Of course, this is no easy task. There are so many stocks to choose from, and hunting for undervalued stocks may take lots of time that many investors do not have. Other investors will strictly trade the big established names with the hope that consistent growth will provide stable returns to the portfolio. Understanding risks involved with picking stocks can help the investor figure out what is best for them individually. It is typically considered wise to make sure that there is proper diversification in the stock portfolio. Finding that balance to achieve long lasting portfolio health is generally what most investors attempt to accomplish when trading equities.
Investors tracking shares of Tech Data Corporation (NASDAQ:TECD) may be closely following analyst price target estimates. Reviewing company shares, we can see that the current average target price is 95.4. Keeping track of all the day to day stock market happenings can sometimes be a burden, even for the most seasoned investors. Investors may use sell-side analyst target estimates to help figure out if their assumptions about the future direction of a particular stock price are shared. Of course, nobody can project the future stock price of a company with exact precision. Investors may use analyst target prices as a good starting point for comparing current stock prices and making educated projections themselves.
From time to time, even solid companies may experience some sort of setback. Just because a company encounters one negative event, it might not be appropriate to sell the stock. Often times, the stock may still be valuable on a fundamental level, and there may be plenty of room for resurgence. When bad news hits, the stock price may be greatly impacted. Sometimes there can be an overexaggeration which leads to erroneous selling. This can in turn provide buying opportunities to those in the know. Investors who do the homework and closely examine the underlying numbers may put themselves in a good position when situation like this arise. Investors that are looking for longer term value may find that a panic sell-off is the perfect chance to get into a stock that has just suffered a temporary setback. Paying attention to these occurrences can greatly help the investor spot potential buying opportunities in the equity market.
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