The shares of Stanley Black & Decker, Inc. (NYSE:SWK) dropped by -19.78% or -$32.63 from its last recorded high of $164.94 which it attained on February 27 to close at $132.31 per share. Over the past 52 weeks, the shares of Stanley Black & Decker, Inc. has been trading as low as $106.41 before witnessing a massive surge by 24.34% or $25.9. This price movement has led to the SWK stock receiving more attention and has become one to watch out for. It jumped by 3.09% on Tuesday and this got the market excited. The stock’s beta now stands at 1.24 and when compared to its 200-day moving average and its 50-day moving average, SWK price stands -1.52% below and 6.56% above respectively. Its average daily volatility for this week is 2.25% which is less than the 2.71% recorded over the past month.
Stanley Black & Decker, Inc. (SWK) rose 1.57% this week, a trend that has led to both investors and traders taking note of the stock. Over the past one year, the equity price has embarked on a drop that has seen it decline -14.21% and is now up by 10.5% since start of this year. A look at its monthly performance shows that the stock has recorded a -0.3% fall over the past 30 days. Its equity price climbed by 3.02% over the past three months which led to its overall six-month decrease to stand at -4.98%.
Experts from research firms are bullish about the near-term performance of Stanley Black & Decker, Inc. with most of them predicting a $142.69 price target on a short-term (12 months) basis. The average price target by the analysts will see a 7.85% rise in the stock and would lead to SWK’s market cap to surge to $21.76B. The stock has been rated an average 2.2, which roughly stands towards the bearish end of the spectrum. Reuters looked into the 19 analysts that track Stanley Black & Decker, Inc. (NYSE:SWK) and find out that 7 of them rated it as a Hold. 12 of the 12 analysts rated it as a Buy or a Strong Buy while 0 advised investors to desist from buying the stock or sell it if they already possess it.
A look at SWK technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 60.02 point. Its trading volume has lost -109678 shares compared to readings over the past three months as it recently exchanged 1520322 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 1630000 shares, and this is 0.93 times the normal volume.
Analysts have predicted a price target for Starbucks Corporation (SBUX) for 1 year and it stands at an average $69.78/share. This means that it would likely increase by 0.04% from its current position. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $60. On the other hand, one analyst is super bullish about the price, setting a target as high as $81.