ZELTIQ Aesthetics (ZLTQ) has risen sharply, recording gains of 3.02% in the past 4 weeks. However, the stock has corrected -2.53% 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 3.58% 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 0.6% and the 50-Day Moving Average is 5.7%.The 200 Day SMA reached 34.46%
ZELTIQ Aesthetics (NASDAQ:ZLTQ): After opening at $38.6, the stock dipped to an intraday low of $38.3566 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $39.55 and the buying power remained strong till the end. The stock closed at $39.22 for the day, a gain of 2.22% for the day session. The total traded volume was 683,234. The stocks close on the previous trading day was $39.22.
ZELTIQ Aesthetics (ZLTQ) : 7 investment research analysts covering ZELTIQ Aesthetics (ZLTQ) have an average price target of $45.43 for the near short term. The highest target price given by the Brokerage Firm to the stock is $52 and the lowest target is $39 for the short term. Analysts expect the variance to be within $4.76 of the average price.
ZELTIQ Aesthetics, Inc. is a medical technology company. The Company is focused on developing and commercializing products utilizing its controlled-cooling technology platform. Its commercial product, the CoolSculpting System, is designed to reduce stubborn fat bulges. The Company sells its CoolSculpting system to dermatologists, plastic surgeons and aesthetic specialists and generates revenue from sales of its CoolSculpting system and from sales of consumables to its customers. Consumables are the CoolSculpting procedure packs that it sells, which are needed to perform procedures using its CoolSculpting system. As of December 31, 2014, it had an installed base of 3,176 CoolSculpting systems installed across approximately 2,688 practices across the world. As of December 31, 2014, 1.5 million CoolSculpting cycles had been shipped to its customers and distributors.