Twitter (TWTR) : The highest short term price target forecast on Twitter (TWTR) is $32 and the lowest target price is $10. A total of 22 equity analysts are currently covering the company. The average price of all the analysts is $18.91 with a standard deviation of $5.19.
Twitter (TWTR) has shown a rise of 0.4% or 236,751 shares in the short positions. The bets have increased to 61,921,205 shares on June 30,2016 from 61,684,454 shares on June 15,2016. With respect to the floated shares, the shorts are 10.9%. The days to cover are calculated to be 3, using the standard per day volume of 21,742,817 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.
Also, In a research note released to the investors, MoffettNathanson downgrades its rating on Twitter (NYSE:TWTR).The analysts at the brokerage house have a current rating of Sell on the shares. Earlier, the shares were rated a Neutral by the brokerage firm. The rating by the firm was issued on May 24, 2016.
Twitter (NYSE:TWTR): stock turned positive on Thursday. Though the stock opened at $18.02, the bulls momentum made the stock top out at $18.28 level for the day. The stock recorded a low of $17.911 and closed the trading day at $17.96, in the green by 1.24%. The total traded volume for the day was 19,585,345. The stock had closed at $17.74 in the previous days trading.
Twitter, Inc. (Twitter) is a global platform for public self-expression and conversation in real time. The Company offers products and services for users, advertisers, developers and platform and data partners. Products and services for users enables a way for people to create, distribute and discover content, which enables a user on Twitter to create a tweet and a user to follow other users. Products and services for advertisers consist of promoted products, which enable its advertisers to promote their brands, products and services, and extend the conversation around their advertising message. Products for platform partners and developers provide a set of tools, public application program interface (APIs) and embeddable widgets that developers use to contribute their content to its platform, syndicate and distribute its content across their properties. Products for data partners offer subscription access to its public data feed.