SolarCity Corporation (NASDAQ:SCTY):
SolarCity Appoints Radford Small Chief Financial Officer.
The company is so far trading up by 0.40% since yesterday’s close of $19.99.
Shares last traded at $20.07 which is just under $20.48, the stock’s 50 day moving average and which is slightly below the 200 day moving average of $23.72. The 50 day moving average moved down $-0.33 and the 200 day average moved down $-3.57.
As of the last earnings report the EPS was $-0.97 and is expected to be $-9.92 for the current year with 100,267,000 shares presently outstanding. Next quarter’s EPS is forecasted to be $-2.42 and the next full year EPS is anticipated to be $-8.83.
Investors are feeling more bearish on shares of SolarCity Corporation recently if you take into consideration the rise in short interest. The company saw a rise in short interest between August 31, 2016 and September 15, 2016 of 0.16%. Short interest grew 3,009,297 over that timeframe. The short-interest ratio decreased to 4.2 and the percentage of shorted shares was 0.22% on September 15.
A few investment analysts have released opinions on the stock of late. On August 1 the company was changed to a “Neutral” in a report from Guggenheim Securities a cut from the previous “Outperform” rating. Credit Suisse downgraded the stock and lowered the price target on July 1 changing the price objective from $28.00 to $27.00 and moving the rating from “Underweight” to “Neutral”.
On July 1 the stock rating was downgraded to “Neutral” from “Underweight” and a price target of $27.00 was set by analysts at Credit Suisse. On June 28 the company was upgraded from “Hold” to “Equal-weight” with a current price target of $24.00 by Avondale Partners.
On June 23, 2016 the stock rating was set at “Hold” according to a Morgan Stanley report which is down from the previous “Hold” rating. On June 22 Credit Suisse maintained a stock rating of “Underweight” but moved down the price target to $28.00 from $62.00.