Sprint Corporation (S) Technical Analysis: What Are The Charts Saying?

Considering all key technical indicators, a 24% Sell signal has occurred for Sprint Corporation (NYSE:S). The stock is also flashing a Hold from the Barchart TrendSpotter trading system. Traders hoping to speculate on the S’s short-term trajectory should know that short terms indicators for the stock averaged 60% Sell with an average daily trading volume over the past 20 days at 14625564 shares. S stock has overall a 0.25% Sell signal considering medium term indicators and the 50-day average daily volume remained almost 13644118 shares. It’s also worth noting that the stock, whose average daily volume over the 100 days prior to this writing was shares, is 33% Buy on the basis of long term indicators.

The share price is currently staying around the first support level of $5.95. Below this, the next support is placed in the zone of $5.78. Till the time, the S stock trades above this level, bulls have nothing to fear. On momentum oscillators front, ‘RSI’ has touched 45.23 on daily chart, which may remain a cause for concern. If the price breaks below $5.78 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $6.23 mark may result into a pull-back move towards $6.34 level.

Sprint Corporation (S) is projected to climb by -6.69 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $7-month high price target. This represents a whopping 14.19 percent increase from where shares are trading today. The 12-month median price target assigned by the analysts stands at $6, which represents a return potential of -2.12 percent when compared to the closing price of the stock of $6.13 on Thursday, December 06. The lowest price target for the stock is $4.5 — slightly more than -26.59 percent from S’s current share price.

Here’s a rundown of insider trading activity for sense of Sprint Corporation (NYSE:S). The earliest insider trade took place on 11/19/2018. Fisher Ronald D parted with a total of 327.53 thousand shares of company at average share price of $6.2. The total for the sales was set at $2.03 million. After this transaction, the Director account balance stood at 2.09 million shares. The stock lost -1.13 percent since that insider sale. On 11/07/2018, Gracia Jorge Enrique, Chief Legal Officer, sold 129.65 thousand shares at a price per share of $6.38. This removed 827.18 thousand shares from the insider’s fortune and the stock saw a -3.92 percent retreat in value since the news became public. This transaction left 903.4 thousand shares in the Chief Legal Officer account. On 08/20/2018, Chief Technology Officer Saw John performed a sale transaction worth $1.6 million. This sale at $6.14 each has eliminated 260.1 thousand shares from the insider’s portfolio position. Meanwhile, shares have recorded -0.16 percent decrease since the transaction was reported. The insider now is left with 1.14 million shares remaining in the account. Saw John, who performs the Chief Technology Officer job, sold 88.32 thousand shares for $574.07 thousand. The disposal occurred on 04/27/2018 was priced at $6.5 per share. The share price plunged -5.69 percent since the reporting date. Saw John now left with a stake of 1.06 million S stock worth $6.5 million after the insider selling.

S shares dropped -0.03 points or -0.49 percent on Thursday to $6.13 with a heavy trade volume of 17.488 million shares. After opening the session at $6.12, the shares went as high as $6.16 and as low as $5.88, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $25.2 billion and now has 4.1 billion shares outstanding. Sprint Corporation (S) stock has lost -2.23 percent of market value in 21 trading days.

Analysts at Barclays, assumed coverage of Sprint Corporation (NYSE:S) with Equal Weight recommendation, according to their opinion released on June 27. Raymond James analysts bumped their recommendation on S stock from Mkt Perform to Outperform in a separate flash note to investors on June 13. Analysts at Jefferies issued an upgrade from Underperform to Hold for the stock, in a research note that dated back to May 01.

S stock has a trailing 3-year beta of 0.7, offering the possibility of a lower rate of return, but also posing less risk. The portion of a company’s profit allocated to each outstanding share of common stock was $0.11 a share in the trailing twelve months. The stock’s value has surged 4.07 percent year to date (YTD) against a rise of 6.79 percent in 12 month’s time. The company’s shares still trade -7.4 percent away from its 1-year high of $6.62 and 27.44 percent up from 52-week low of $4.81. The average consensus rating on the company is 3.2, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a hold.

Shares of Sprint Corporation (S) are trading at a P/E ratio of 55.61 times earnings reported for the past 12 months. The industry S operates in has an average P/E of 14.19. Its P/E ratio went as low as 0X and as high as 0 over the 5-year span. Further, it is sporting a 0.77 on the Price-to-Sales ratio. Compare this with the industry average P/S of 1.31. 59 percent is the gross profit margin for Sprint Corporation and operating margin sits at 7.8 percent. Along with this, the net profit margin is 23.1 percent.

S will be declaring its Q3 financial results on February 01. Analysts are forecasting revenue to climb 2 percent to $8.4B in the next fiscal quarter, while earnings are seen soaring by nearly -101.14 percent to -$0.02 per share. History has shown that shares in Sprint Corporation have gone up on 19 different earnings reaction days and are predicted to add 0.06 percent when the company reports upcoming earnings. In last reported earnings results, it earned $0.05 per share, better than the -$0.01, adjusted, expected by Thomson Reuters consensus estimate. Revenue was $8.43B, better than the $7.97B analysts expected. Earnings are estimated to increase by 124.4 percent this year, -12.5 percent next year and continue to increase by 5 percent annually for the next 5 years.