Analysts Ratings Update on Spectrum Pharmaceuticals, Inc. (NASDAQ:SPPI) and Arista Networks, Inc. (NYSE:ANET)

Brokerage firms currently have a positive stance on shares of Spectrum Pharmaceuticals, Inc. (NASDAQ:SPPI). The majority of analysts covering the equity have either a Buy or Strong Buy recommendation on the stock, yielding a consensus score of 1.50. Those same analysts are projecting that the stock will reach $9.50 on a short term basis.

Spectrum Pharmaceuticals, Inc. (NASDAQ:SPPI) shares typically trade an average volume of 692.98 and institutions hold 69.40% of the total shares.  

MOVING AVERAGES

We see here that the stock is 17.60% away from the 20-Day Simple Moving Average.  Their 50-Day Simple Moving Average is a difference of 27.32% from current levels.  Further back, their 200-Day Simple Moving Average is 56.02% difference from today’s price.  Currently, the stock is 8.21% from its 50-Day High and 63.80% from the 50-day low. 

Spectrum Pharmaceuticals, Inc. (NASDAQ:SPPI)‘s stock has performed at 102.26%.  Breaking that down further, it has performed 18.99% for the week, 22.91% for the month, 40.33% over the last quarter, 77.43% for the past half-year and 27.45% for this last year. 

Equity Research firms currently have a positive stance on shares of Arista Networks, Inc. (NYSE:ANET). The majority of analysts covering the equity have either a Buy or Strong Buy recommendation on the stock, yielding a consensus score of 2.30. This is based on the research brokerage reports taken into consideration by Thomson Reuters. Those same analysts are projecting that the stock will reach $152.76 on a short term basis.

Arista Networks, Inc. (NYSE:ANET)’s shares may have a significant upside to the consensus target of 152.76, but how has it been performing relative to the market?  The stock’s price is 172.05 and their relative strength index (RSI) stands at 68.07.  RSI is a technical oscillator that shows price strength by comparing upward and downward movements.  It indicates oversold and overbought price levels for a stock.  

Arista Networks, Inc. (NYSE:ANET) shares are moving 19.44% trading at $172.05 today.

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