Cloudera Inc. [NYSE:CLDR] shares are showing some interesting activity. The company’s daily low is at $11.02 as the high is reaching $11.56.
If readers are not familiar, Cloudera Inc. is in the Technology sector under the Software – Application industry. This week, we are watching the stock hit price per sales of 4.27 with an earning per share of -0.83.
As a reference point, the S&P 500 is trading 0.5% over the last 52 weeks, while CLDR stock is trading 31.19%.
Wait and see
Holding a Market Cap of $3.56 billion, Cloudera Inc. has seen a trading range over the last year of $4.76-$14.20.
For the last five days, CLDR is up from its last closing price. The average shares trading hands each day is 4.74M, with average 10-day volume coming in at 3.59 million.
Using a Force Index Indicator is a good way to look at how strong actual buying and selling pressure is for CLDR. When we apply the Elder Force Index to Cloudera Inc., we are seeing an Elder Force Indicator number of 90614.02.
The recent performance of the stock is another area that can tell traders how to proceed. CLDR is presenting an interesting case. This can be seen in the Forward P/E ratio, which currently stands at 25.01. Moreover, the company’s enterprise value has gone from $3.29B to $2.30B quarter-over-quarter. Obviously, the company is heading in the wrong direction, but there are still opportunities for growth in the sector.
In the last quarter, CLDR made a profit of 164.7 million. Cloudera Inc. also saw quarter revenue growth year over year of 65.48%. In addition, the company has operating cash flow of $85.5 million.
Looking at popular technical indicators, the company’s 5-day moving average is 10.99 compared to the 50-day moving average of 11.44. So, traders might want to tread carefully if they are going to bid.
The Relative Strength Index or RSI is an indicator ranging between 0 and 100 that traders use to determine if a stock is “overbought” or “oversold.” A strong uptrend tending to reach into the “overbought” status is above 70, while a downward trend will stay around the 30 mark. CLDR currently holds a 9-day RSI of 61.69%, while 100-day RSI stands at 51.29%.
Another indicator we believe is worth keeping tabs on is the Moving Average Convergence Divergence or MACD. Similar to the concept of the Force Index — on the basis of price momentum — the MACD gives traders a tool to measure the turning point of a stock even during rapid fluctuations in price. Buy and sell signals are determined by a stock’s relation to the zero line, so if a stock is above a zero line for many weeks it might be a “buy.” On the other hand, if a stock is below the zero line consistently, it might be one to stay away from. Also, if the MACD line reaches a peak and dips, its momentum may be waning. CLDR’s 9-day MACD is 0.24 and the company’s 100-day MACD stands at -0.36.
Another area that is important to analyze is insider moves and majority shareholders. While this is not always an error-free way to tell what the future holds for a stock, you can maybe gather important information from reading the tea leaves about who is buying and selling.
The major holders for this stock are 2.55% by insiders and 76.54% by institutions. Regarding institutional holdings, Icahn, Carl, C. owns 16.92%, while the second top holder, Intel Corporation, currently owns 8.43%.
Over the last six months, insiders have sold 97,000 with the most recent transaction from Reasoner Scott, Chief Accounting Officer, with a sell at price 11.08 per share.
Overall, the recommended rating for CLDR is Moderate Buy. Currently, the company has 14 analysts watching the stock, and the average quarterly earnings estimate is 0.09. Quarterly revenue estimates are averaging 209.11M with the high estimate reaching 210.69M and the low at 208.4M.
To review, the current 1-year target estimate is sitting at 13.50, while the current price 11.37. Based on this, we expect the stock to rise considering the aforementioned fundamentals.