Views From the Sell-side on Boingo Wireless, Inc. (NASDAQ:WIFI) & 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.

Boingo Wireless, Inc. (NASDAQ:WIFI) shares typically trade an average volume of 346.89 and institutions hold 86.30% of the total shares.  

MOVING AVERAGES

We see here that the stock is 27.15% away from the 20-Day Simple Moving Average.  Their 50-Day Simple Moving Average is a difference of 23.41% from current levels.  Further back, their 200-Day Simple Moving Average is 45.83% difference from today’s price.  Currently, the stock is 12.34% from its 50-Day High and 34.05% from the 50-day low. 

Boingo Wireless, Inc. (NASDAQ:WIFI)‘s stock has performed at 57.59%.  Breaking that down further, it has performed 29.71% for the week, 34.05% for the month, 24.74% over the last quarter, 66.18% for the past half-year and 117.31% for this last year. 

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)’s shares may have a significant upside to the consensus target of 7.33, but how has it been performing relative to the market?  The stock’s price is 5.40 and their relative strength index (RSI) stands at 60.55.  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.  

Adesto Technologies Corporation (NASDAQ:IOTS) shares are moving 27.06% trading at $5.40 today.

Leave a Comment