#technology | Great Progress On All Fronts? – Cancer Genetics, Inc. (CGIX), Spotify Technology S.A. (SPOT)


The stocks of Cancer Genetics, Inc. (NASDAQ:CGIX) has been Initiated to Buy by Maxim Group in its latest research note that was published on December 07. CGIX was given a price target of $6, with other Wall Street analysts also giving their reports regarding the stock. The stock also received a Buy rating from Dawson James. This was contained in a research note published by the firm on June 27. The stock received a Speculative Buy rating and a price target of $6 in The Benchmark Company’s research note that was published on June 26.

Cancer’s stock is covered by 1 analysts, with none of them rating the stock as Buy. It has been deemed to have strong buy by none of the analysts, 1 of them have rated it as a Hold while none of them rated it as sell. Meanwhile, none analyst(s) rated it as a sell. The above data shows that CGIX has an average analyst rating of Hold.

CGIX surged by $3.93 during the normal trading session on Friday and reaching a high of $9.50 during the day while it closed the day at $8.81. The Cancer stock had a low trading volume of 2.05 million shares on that day, which is low compared to the average daily volume of 633.57M shares. CGIX has also gained 97.09% of its value over the past 7 days. However, the stock has surged by 182.37% in the 3 months of the year. Over the past six months meanwhile, it has gained 83.54% while it has added 21.35% year-on date.

Shares in Spotify Technology S.A. (NYSE:SPOT) fell by -0.65 percent on Friday. The company’s stock began trading at $142 below the previous closing price of $142.93, and finished the day at $142.55. Let us now take a look at the stock’s potential support and resistance levels. The publicly traded company was seen to have slipped by -7.62% from its 3 months high price. However, taking another look at SPOT will indicate that it is trading +28.92% away from its 90-day low. Looking at the bigger picture, the Spotify Technology S.A. stock has dropped by -11.67% from its 52-week high while it has surged by +38.01% from its 52-week low price.

Let us now take a quick look at the stock’s short, medium and long-term indicators. Composite Indicator shows that SPOT stock was rated as a Buy by TrendSpotter. Its short-term indicators reveal that Spotify has a 20-day average volume of 1567970 shares. This has led to the SPOT price forecast being placed as a 50% Buy on an average basis. In the medium term, however, the SPOT stock has its 50-Day average volume of 1690432 shares, with the indicators also rating it as a 50% Sell. Finally, in the long-term, the SPOT stocks have a 100-Day average volume of 1460948 shares, with the long-term indicators rating the stock as just 50% Buy. Looking at the three indicators, the SPOT stock has been set on a 0.24 Buy rating.

Spotify has around 975 Million cash on their books at the moment. This figure will have to be compared and looked into, with their current liabilities standing at $3 Billion. The Spotify stock is bringing in revenue of over 12 months, which is roughly 7 Billion. Despite all that, Spotify Technology S.A. is seeing things progressing very much as their y-o-y quarterly revenue surged by 22.15%.

Looking at the stock’s Technical analysis information over the past 50 days shows that its Raw Stochastic average stood at 73.11%. This figure is better than the company’s 20-day Raw Stochastic average which currently stands at 38.3%. Over the past 20 days, Spotify’s Stochastic %K stood at 39.63% while its Stochastic %D was revealed to be 40.92%.



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