Is Medallia Inc. (MDLA) a good stock to buy?

Medallia Inc. (NYSE: MDLA) was one of the biggest movers in the recent trading session. So what do we make of this stock that is clearly one of the hottest on the market now? The MDLA stock is trading at $31.17 from a close of $32.50 on 01/15/20. The day’s price range saw the stock hit a low of $30.97, while the highest price level was $34.42 during the intraday trading.

Is the MDLA stock going to continue the plunge or will it steady in coming sessions to climb above its 5-day high price of $34.88. Medallia Inc. (NYSE: MDLA) has a 52-week price range of between $23.76 and $44.72. 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 7732031, compared to its 3-months daily average volume of 901.71K. In comparison, the average volume for the last 50 days stands at 1,003,420.

What about the stock’s price forecasts? MDLA had 12 analysts who offered their 12-month price predictions for the Medallia Inc. shares. The group has given the stock a consensus price target of $44.91, with the lowest forecast being put at $37.00. The highest estimate by the 12 analysts is $55.00. The median price target estimate of $45.00 for the stock represents a 30.73% jump in value from the previous price of $31.17. Looking at the 52-week price ranges, the stock’s current price level is 31.19% from its 52-week high price and -30.30% down from its 52-week low in the same period.

Medallia Inc. shares have plunged -0.98% over the past week, but its 1-month performance is in the red at -1.45%.

If you put your money on this stock, then a forecast ROI is at 1227.20%.

But what do Wall Street analysts tracking this stock recommend, given that it has 129.21 million shares outstanding? 12 analysts polled have a consensus recommendation rating of 4.67, indicating that MDLA is a Buy stock at the moment. This mean rating was at 4.67 a month ago. William Blair called it a Outperform stock on August 13, 2019, while Wells Fargo rated it a Outperform in its note released on August 13, 2019. Of the 12 analysts, 0 analysts rate the MDLA stock as Overweight, while 2 of them rated it as a Hold. 10 analysts rate Medallia 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, MDLA had its Jan 2020 estimates at -$0.03 per share while the stock’s EPS was forecasted at the -$0.03, a month ago.

11 analysts have forecast that Medallia Inc. will see its revenue growth net between $104 million and $105.2 million for the current quarter. The next quarter should see revenue returns of between $107.34 million and $112.9 million.The average revenue for the quarter is expected at $104.48 million, while for the next quarter, it jumps to $109.44 million. Sales growth for the year are estimated at 20.90%.