Analyst Target Price & Stock Review on Boingo Wireless, Inc. (NASDAQ:WIFI) and Adesto Technologies Corporation (NASDAQ:IOTS)

Equity Research firms currently have a positive stance on shares of Boingo Wireless, Inc. (NASDAQ:WIFI). The majority of analysts covering the equity have either a Buy or Strong Buy recommendation on the stock, yielding a consensus score of 1.90. This is based on the research brokerage reports taken into consideration by Thomson Reuters. Those same analysts are projecting that the stock will reach $16.57 on a short term basis.

Performance
At the time of writing, the stock was trading at $19.21. This represents a change from most recent open price of 14.69%. In terms of performance, year to date, the stock is 57.59%. The monthly stock performance comes in at 34.05%. For the quarter, shares are performing at 24.74%. Weekly performance analysis shows the equity at 29.71%.

Technicals
In taking a look at technical levels, shares are trading 23.41% away from the 50 day simple moving average and 45.83% away from the 200 day simple moving average. Based on a recent bid, the stock is trading 12.34% away from it’s 52- week high and 137.16% away from its 52 week low. After the recent moves, investors may also look to see if the stock has entered oversold or overbought territory and could be ripe for a bounce. As of writing, Boingo Wireless, Inc.’s RSI stands at 81.12. In looking at volatility levels, the shares saw weekly volatility of 6.63% and 3.87% over the past month.

Sell-side analysts are offering a consensus “Buy” rating on shares of Adesto Technologies Corporation (NASDAQ:IOTS).  Using the following ratings scale: 1.0 Strong Buy, 2.0 Buy, 3.0 Hold, 4.0 Sell and 5.0 Strong Sell, analysts have an average recommendation of 1.70.  Based on a recent trade, the shares are hovering around $5.40 which, according to analysts, yield significant upside potential to the $7.33 consensus target price.

Adesto Technologies Corporation (NASDAQ:IOTS) shares typically trade an average volume of 72.25 and institutions hold 48.00% of the total shares.  

MOVING AVERAGES

We see here that the stock is 13.59% away from the 20-Day Simple Moving Average.  Their 50-Day Simple Moving Average is a difference of 14.95% from current levels.  Further back, their 200-Day Simple Moving Average is 46.05% difference from today’s price.  Currently, the stock is 0.93% from its 50-Day High and 35.00% from the 50-day low. 

Adesto Technologies Corporation (NASDAQ:IOTS)‘s stock has performed at 191.89%.  Breaking that down further, it has performed 13.68% for the week, 21.35% for the month, -3.57% over the last quarter, 31.71% for the past half-year and 51.26% for this last year. 

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