Ryanair Holdings PLC (NASDAQ: RYAAY) shares rose in value Tuesday Nov 29 with lighter trade volume than normal after a number of analysts weighed in on the investing value of the stock with a upgraded rating.
U.S. stocks on Tuesday morning traded near break-even levels, with the main benchmarks switching in and out of negative territory
The Dow Jones Industrial Average DJIA, -0.09% was flat at 19,102. Meanwhile, the Nasdaq Composite COMP, +0.00% traded 18 points, or 0.1%, at 5,362.
The S&P 500 index SPX, -0.04% was off by 0.1%, or 2 points, at 2,199, with five of the 11 main sectors trading lower.
Analysts at Zacks Investment Research upgraded shares of Ryanair Holdings PLC (NASDAQ: RYAAY) from Sell to Hold today. Zacks Investment Research currently has a rating of Hold on the stock. A number of other analysts have spoken on the company in recent days, and Ryanair Holdings PLC has earned a consensus one-year price target of $86.94, above the opening price of $82.35. Ryanair Holdings PLC stock has a 52-week high of $89.67. Usually, after analysts issue an upgrade report on a stock, they will subsequently issue sporadic updates, often followed by a price target change.
Shares of Ryanair Holdings PLC (NASDAQ: RYAAY) opened at $82.35 on Tuesday trading between $82.04 and $82.50, and last traded at $82.50, a spike of $0.20 or 0.24% compared to the previous closing price.
Ryanair Holdings PLC (NASDAQ: RYAAY) currently has a market cap of 20.70B.
Ryanair Holdings PLC (NASDAQ: RYAAY) Average Daily Trading Volume
The stock’s average daily volume is 413,661 shares out of a total float 239,013,000 and some 39,507 shares crossed the trading desk yesterday, lower than the average. Trading volume is likely to increase in the next few days as investors often use increases in trading volume to identify substantial volume growth or dissemination by institutional investors.
While increased trading for one day will not mean much, however, a trend of heavy trading volume on the buy side over a period of days or weeks delivers a positive cue to market traders that institutions may be moving in, so institutional sponsorship is crucial.
Institutional sponsorship is defined by ownership of a stock by mutual funds, banks, pension funds and other large institutions.
These instituitional investors have teams of analysts researching thousands of stocks, so it is good validation to see them taking a postion in a stock you’re considering.
Ryanair Holdings PLC (NASDAQ: RYAAY) Moving Averages
A moving average can also act as support or resistance. In an uptrend a 50-day, 100-day or 200-day moving average may act as a support level, as shown in the figure below.
This is because the average acts like a floor (support), so the price bounces up off of it.
In a downtrend a moving average may act as resistance; like a ceiling, the price hits it and then starts to drop again.
By identifying trends, moving averages allow traders to make those trends work in their favor and increase the number of winning trades.
With that in mind, Ryanair Holdings PLC (NASDAQ: RYAAY) now has a 50-day MA of $76.78 and 200-day MA of $75.58. It has traded in a 52-week range between $66.09 – 89.67 and today’s last price is 8.00%% lower than the 52 week high of $89.67.
Indeed, earnings growth is among the most important things to look at in regards to stock investing and, accordingly, investors seek companies that have grown their earnings at least 25% or more for 3 consecutive years.
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