Digging Through GSX Techedu Inc. (NYSE:GSX) Technicals

GSX Techedu Inc. (NYSE: GSX) was one of the biggest movers in the recent trading session, with the company’s stock currently changing hands at 0.76 points up or 2.65% higher on the previous close. So what do we make of this stock that is clearly one of the hottest on the market now? The GSX stock is trading at $29.42 from a close of $28.66 on 01/15/20. The day’s price range saw the stock hit a low of $28.90, while the highest price level was $30.38 during the intraday trading.

Is the GSX stock going to continue the plunge or will it steady in coming sessions to climb above its 5-day high price of $30.38. GSX Techedu Inc. (NYSE: GSX) has a 52-week price range of between $8.53 and $28.87. Notably, the reduced performance in the current session comes on the back of condensed market activity for the stock, as its daily trading volume to 3822920, compared to its 3-months daily average volume of 1.54 million. In comparison, the average volume for the last 50 days stands at 1,838,206.

What about the stock’s price forecasts? GSX had 7 analysts who offered their 12-month price predictions for the GSX Techedu Inc. shares. The group has given the stock a consensus price target of $167.40, with the lowest forecast being put at $123.15. The highest estimate by the 7 analysts is $275.52. The median price target estimate of $147.37 for the stock represents a 80.04% jump in value from the previous price of $29.42. Looking at the 52-week price ranges, the stock’s current price level is 244.90% from its 52-week high price and 1.91% up from its 52-week low in the same period.

GSX Techedu Inc. shares have surged 20.28% over the past week, but its 1-month performance is in the green at 43.58%. Its performance in the current quarter is up 109.99%, while that figure shoots to 182.88% over the past half-year period.

If you put your money on this stock, then a forecast ROI is at -3.40%.

But what do Wall Street analysts tracking this stock recommend, given that it has 221.83 million shares outstanding? 7 analysts polled have a consensus recommendation rating of 4.33, indicating that GSX is a Buy stock at the moment. Of the 7 analysts, 0 analysts rate the GSX stock as Overweight, while 1 of them rated it as a Hold. 6 analysts rate GSX Techedu Inc. as a Buy, while 0 suggested its Underweight. Only 0 analyst advised investors to sell.

Looking at the current EPS trends, seven days ago, GSX had its Dec 2019 estimates at $0.67 per share while the stock’s EPS was forecasted at the $0.67, a month ago.

3 analysts have forecast that GSX Techedu Inc. will see its revenue growth net between $114.91 million and $118.44 million for the current quarter. The next quarter should see revenue returns of between $142.6 million and $142.6 million.The average revenue for the quarter is expected at $116.91 million, while for the next quarter, it jumps to $142.6 million. Sales growth for the year are estimated at 158.90%.