What is the upside potential for ZTO Express (Cayman) Inc. (:ZTO) and SMART Global Holdings, Inc. (ASX:SGH)?

Equity Research firms currently have a positive stance on shares of ZTO Express (Cayman) Inc. (:ZTO). The majority of analysts covering the equity have either a Buy or Strong Buy recommendation on the stock, yielding a consensus score of 2.20. This is based on the research brokerage reports taken into consideration by Thomson Reuters. Those same analysts are projecting that the stock will reach $16.97 on a short term basis.

ZTO Express (Cayman) Inc. (:ZTO)’s shares may have a significant upside to the consensus target of 16.97, but how has it been performing relative to the market?  The stock’s price is 14.99 and their relative strength index (RSI) stands at 61.04.  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.  

ZTO Express (Cayman) Inc. (:ZTO) shares are moving 4.53% trading at $14.99 today.

Sell-side analysts are offering a consensus “Buy” rating on shares of SMART Global Holdings, Inc. (ASX:SGH).  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 1.50.  Based on a recent trade, the shares are hovering around $34.61 which, according to analysts, yield significant upside potential to the $29.92 consensus target price.

Performance
At the time of writing, the stock was trading at $34.61. This represents a change from most recent open price of 1.79%. In terms of performance, year to date, the stock is 146.17%. The monthly stock performance comes in at 44.77%. For the quarter, shares are performing at 115.00%. Weekly performance analysis shows the equity at 10.92%.

Technicals
In taking a look at technical levels, shares are trading 58.51% away from the 50 day simple moving average and 83.35% away from the 200 day simple moving average. Based on a recent bid, the stock is trading 2.94% away from it’s 52- week high and 200.95% 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, SMART Global Holdings, Inc.’s RSI stands at 88.27. In looking at volatility levels, the shares saw weekly volatility of 5.54% and 5.82% over the past month.

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