Brokerage Firm Analysts Have Spoken and the Consensus is in on Portola Pharmaceuticals, Inc. (NASDAQ:PTLA) and Salem Media Group, Inc. (NASDAQ:SALM)

Brokerage firms currently have a positive stance on shares of Portola Pharmaceuticals, Inc. (NASDAQ:PTLA). 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 $75.00 on a short term basis.

Performance
At the time of writing, the stock was trading at $53.93. This represents a change from most recent open price of 4.25%. In terms of performance, year to date, the stock is 140.33%. The monthly stock performance comes in at 11.01%. For the quarter, shares are performing at -14.30%. Weekly performance analysis shows the equity at 6.69%.

Technicals
In taking a look at technical levels, shares are trading 5.87% away from the 50 day simple moving average and 12.95% away from the 200 day simple moving average. Based on a recent bid, the stock is trading -19.63% away from it’s 52- week high and 214.46% 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, Portola Pharmaceuticals, Inc.’s RSI stands at 62.64. In looking at volatility levels, the shares saw weekly volatility of 4.99% and 4.48% over the past month.

Equity Research firms currently have a positive stance on shares of Salem Media Group, Inc. (NASDAQ:SALM). 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. This is based on the research brokerage reports taken into consideration by Thomson Reuters. Those same analysts are projecting that the stock will reach $9.00 on a short term basis.

Salem Media Group, Inc. (NASDAQ:SALM) shares typically trade an average volume of 33.85 and institutions hold 38.80% of the total shares.  

MOVING AVERAGES

We see here that the stock is -0.27% away from the 20-Day Simple Moving Average.  Their 50-Day Simple Moving Average is a difference of -13.42% from current levels.  Further back, their 200-Day Simple Moving Average is -24.27% difference from today’s price.  Currently, the stock is -24.44% from its 50-Day High and 10.87% from the 50-day low. 

Salem Media Group, Inc. (NASDAQ:SALM)‘s stock has performed at -18.40%.  Breaking that down further, it has performed 5.15% for the week, -18.40% for the month, -16.39% over the last quarter, -28.67% for the past half-year and -10.53% for this last year. 

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