Fluent Inc. (NASDAQ: FLNT) was one of the biggest movers in the recent trading session, with the company’s stock currently changing hands at 0.89 points up or 40.64% 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 FLNT stock is trading at $3.08 from a close of $2.19 on 01/15/20. The day’s price range saw the stock hit a low of $2.90, while the highest price level was $3.90 during the intraday trading.
Is the FLNT stock going to continue the plunge or will it steady in coming sessions to climb above its 5-day high price of $3.90. Fluent Inc. (NASDAQ: FLNT) has a 52-week price range of between $1.26 and $7.47. 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 15162172, compared to its 3-months daily average volume of 371.95K. In comparison, the average volume for the last 50 days stands at 696,656.
What about the stock’s price forecasts? FLNT had 2 analysts who offered their 12-month price predictions for the Fluent Inc. shares. The group has given the stock a consensus price target of $3.70, with the lowest forecast being put at $3.70. The highest estimate by the 2 analysts is $3.70. The median price target estimate of $3.70 for the stock represents a 16.76% jump in value from the previous price of $3.08. Looking at the 52-week price ranges, the stock’s current price level is 144.44% from its 52-week high price and -58.77% down from its 52-week low in the same period.
Fluent Inc. shares have surged 37.81% over the past week, but its 1-month performance is in the green at 45.97%. Its performance in the current quarter is up 12.41%, while that figure shoots to -44.10% over the past half-year period. Further, we see that the stock’s 12-month charts show that it has lost by -29.03%, with the year-to-date prices up by 23.20%.
The company has a market cap of 244.92 million and a return on assets (ROA) of -0.40%. In gauging how profitable company analysts and investors look at the respective company’s ROA, with returns above 5% generally regarded as good. Also important is the company’s return on equity (ROE), with FLNT’s at -0.50% indicating that the management is able to generate impressive income with whatever equity at their disposal. If you put your money on this stock, then a forecast ROI is at 4.30%.
But what do Wall Street analysts tracking this stock recommend, given that it has 79.52 million shares outstanding? 2 analysts polled have a consensus recommendation rating of 4.00, indicating that FLNT is a Overweight stock at the moment. This mean rating was at 4.00 a month ago. Barrington Research called it a Mkt Perform stock on November 12, 2019, while ROTH Capital rated it a Buy in its note released on May 09, 2019. Of the 2 analysts, 0 analysts rate the FLNT stock as Overweight, while 1 of them rated it as a Hold. 1 analysts rate Fluent Inc. as a Buy, while 0 suggested its Underweight. Only 0 analyst advised investors to sell.
Let’s glean at the company’s earnings forecasts for the current quarter and annual growth estimate for the next 5-year period. The analyst forecasts for this stock’s earnings per share (EPS) for the current quarter (Dec 2019) ranged from a low of -$0.04 per share to -$0.04 per share. The average estimate by the 2 analysts for the FLNT shares was -$0.04 a share, while the company’s last-quarter results returned an EPS of $0.05. Looking at the current EPS trends, seven days ago, FLNT had its Dec 2019 estimates at -$0.04 per share while the stock’s EPS was forecasted at the -$0.04, a month ago. However, the company’s EPS growth for this quarter stands at -300.00%, while that growth rate for the next fiscal quarter is forecasted at -200.00%.
Let’s briefly check out revenue growth estimates for the company, which is put at -9.10% in the current quarter. However, the next quarter should see net revenue growth of over -8.90%, with analysts forecasting the company’s 12-month growth estimates at 2.30%. 2 analysts have forecast that Fluent Inc. will see its revenue growth net between $63.6 million and $65.15 million for the current quarter. The next quarter should see revenue returns of between $59.78 million and $59.78 million.The average revenue for the quarter is expected at $64.38 million, while for the next quarter, it jumps to $59.78 million. Sales growth for the year are estimated at 2.30%.