SAP SE (SAP) has risen sharply, recording gains of 1.97% in the past 4 weeks. However, the stock has corrected -0.14% 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 2.53% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 2.02% and the 50-Day Moving Average is 3.87%.The 200 Day SMA reached 14.26%
SAP SE (NYSE:SAP): After opening at $90.01, the stock dipped to an intraday low of $89.84 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $91.66 and the buying power remained strong till the end. The stock closed at $91.41 for the day, a gain of 2.09% for the day session. The total traded volume was 1,029,163. The stocks close on the previous trading day was $91.41.
SAP SE (SAP) has been rated by 7 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $105 and the lowest price target forecast is $77. The average forecast of all the analysts is $90.41 and the expected standard deviation is $9.04.
SAP SE, formerly SAP AG, is a provider of application and analytics software for enterprises in mobile enterprise management. SAP is an enterprise cloud company. As of December 31, 2014, the Company has more than 282,000 customers in over 180 countries. The Company offers solutions-based on its SAP HANA platform. The SAP HANA platform combines database, data processing, and application platform capabilities in-memory. It also provides capabilities, such as predictive text analytics, spatial processing and data virtualization. The Company offers application software to around 25 industries in six industry sectors and 12 business lines, including consumer, discrete manufacturing, energy and natural resources, financial services, public services and other services. Through Sapphire Ventures, Sapphire Ventures invests in global companies, as well as early-stage venture capital funds in enterprise and consumer technology.