The leading market experts have disclosed a mean price target of $30.00 on Monotype Imaging Holdings Inc. (NASDAQ:TYPE) stock. This level, which is anticipated to be attained in coming year shows the mean of stock recommendations released by the firms included in the First Call poll. The prominent research companies have predicted EPS of $0.27 for the next quarter and $1.13 for this fiscal.
Technical View
‘Moving Average – MA’ is a widely applied indicator in a technical study that helps smooth out stock price action by settling random price fluctuations. The moving average of 50-days of Monotype Imaging Holdings Inc. stands at $23.49, and stock is hovering 0.88 or +3.74% distant from $23.49. Considering the 200-day MA, which stand at $23.53, Monotype Imaging Holdings Inc. stock is $0.84 or +3.58% off from respective level.
Monotype Imaging Holdings Inc. (NASDAQ:TYPE) 52-week high is $34.42 and the low point in this period is $20.62. This elucidates if the stock moves $-10.05, it will hit a 52-week high. However, if it declines $+18.19% points, it will touch 52-week low point. The stock closed at $24.37 in last trading session and recorded a market cap of $951.31M.
Taking the Valuation Aspect
The price-to-earnings ratio of Monotype Imaging Holdings Inc. (NASDAQ:TYPE) came in at 37.49. Understanding PE offers the investors an understanding if the stock possesses sufficient growth prospects. Stocks with low P/E ratio can be considered good bargain as its growth potential is still unidentified to the market. Also, investors compute the Price-to-Earnings Growth ratio. Monotype Imaging Holdings Inc. (NASDAQ:TYPE) PEG ratio is at 1.40. This ratio is calculated effortlessly and indicates the ratio of the P/E to the estimated future earnings growth rate of a firm.