The stock of Quantenna Communications Inc (NASDAQ:QTNA) hit a new 52-week high and has $20.01 target or 4.00% above today’s $19.24 share price. The 7 months bullish chart indicates low risk for the $663.92M company. The 1-year high was reported on Nov, 22 by Barchart.com. If the $20.01 price target is reached, the company will be worth $26.56 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 219,056 shares traded hands. Quantenna Communications Inc (NASDAQ:QTNA) has risen 6.00% since October 23, 2016 and is uptrending. It has outperformed by 1.44% the S&P500.
According to Zacks Investment Research, “Quantenna Communications, Inc. designs, develops and markets wireless communication solutions. The Company offers wireless solutions for wi-fi routers and consumer electronics, an integrated single chip solution for video stream and multiple input and output chipsets. Quantenna Communications, Inc. is based in Fremont, United States.”
More notable recent Quantenna Communications Inc (NASDAQ:QTNA) news were published by: Marketwatch.com which released: “Quantenna Communications seeks to raise up to $107 million in IPO” on October 17, 2016, also Nasdaq.com with their article: “Quantenna Communications, Inc. (QTNA), Interview with Dr. Sam Heidari, CEO” published on November 10, 2016, Globenewswire.com published: “Quantenna Communications, Inc. Announces Pricing of Initial Public Offering” on October 28, 2016. More interesting news about Quantenna Communications Inc (NASDAQ:QTNA) were released by: Quotes.Wsj.com and their article: “News Quantenna Communications Inc.QTNA” published on October 26, 2016 as well as Seekingalpha.com‘s news article titled: “IPO Preview: Quantenna Communications” with publication date: October 27, 2016.
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