The Meet Group, Inc. (NASDAQ:MEET) are gapping up 2.18% pre-market with a price of $3.70 on the stock. As we move into the second half of the year, investors will be keeping a close watch on their portfolios. There are plenty of financial gurus who are predicting the end of the bull market run, and there are plenty on the other side who believe that stocks are bound for greater heights. Whichever way the markets go, investors will need to watch which companies are hitting their marks on the earnings front. Investors may closely follow sell-side analyst estimates. It is important to remember that analyst projections are just that, projections. Following analyst expectations can provide a good glimpse into company actions, but strictly following what the analysts are saying may lead to difficulty in the future. Doing careful and extensive individual stock research may provide the investor with a more robust scope with which to successfully trade the market.
Technicals At a Glance
The Meet Group, Inc. (NASDAQ:MEET)’s RSI (Relative Strength Index) is 19.47. RSI is a technical indicator of price momentum, comparing the size of recent gains to the size of recent losses and establishes oversold and overbought positions.
The Meet Group, Inc.’s 20-Day Simple Moving Average is -25.46%. Extending back, their 50-Day Simple Moving Average is -24.42%, looking even further back, their 200-Day Simple Moving Average stands at -27.34%.
The Meet Group, Inc.’s stock has performed at -25.56%. Breaking that down further, it has performed -26.16% for the week, -30.23% for the month, -28.67% over the last quarter, -23.38% for the past half-year and -52.71% for this last year.
Sell-side firms are projecting that the stock will reach 9.06 within the next year. Analysts currently have a mean recommendation of 1.80 on the name.