InvenSense (INVN) has risen sharply, recording gains of 9.56% in the past 4 weeks. However, the stock has corrected -0.3% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 6.9% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
InvenSense (NYSE:INVN): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $6.67 and $6.64 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $6.77. The buying momentum continued till the end and the stock did not give up its gains. It closed at $6.76, notching a gain of 1.35% for the day. The total traded volume was 1,073,768 . The stock had closed at $6.67 on the previous day.
The stock has recorded a 20-day Moving Average of 3.7% and the 50-Day Moving Average is 7.22%. InvenSense, Inc. has dropped 8.77% during the last 3-month period . Year-to-Date the stock performance stands at -33.92%.
InvenSense (INVN) : The highest short term price target forecast on InvenSense (INVN) is $10 and the lowest target price is $7. A total of 6 equity analysts are currently covering the company. The average price of all the analysts is $7.92 with a standard deviation of $1.36.
InvenSense, Inc. (InvenSense) is engaged in designing, developing, manufacturing and marketing devices and related software for sensor system-on-chip (SoC) for the motion and sound markets. The Company designs, develops, markets and sells sensor SoCs, including accelerometers, gyroscopes and microphones for the mobile, wearable, smart home, gaming, industrial and automotive market segments. The Companys motion solutions detect and track an objects motion in three-dimensional space. It assimilates information from gyroscopes, accelerometers, magnetometers, pressure sensors and microphones to determine how a host device is moving, its direction, its elevation and what it is hearing. The Companys sensor SoC devices consist of various fundamental components, such as its micro-electro-mechanical-systems (MEMS)-based motion sensors combined with its mixed-signal circuitry for signal processing; its MotionFusion technology, and the MotionApps platform.