Today’s Market Runner: Time to Reconsider Actua Corp After Achieving 52-Week High?

Today's Market Runner: Time to Reconsider Actua Corp After Achieving 52 Week High?

The stock of Actua Corp (NASDAQ:ACTA) hit a new 52-week high and has $14.51 target or 5.00% above today’s $13.82 share price. The 9 months bullish chart indicates low risk for the $551.73 million company. The 1-year high was reported on Nov, 23 by Barchart.com. If the $14.51 price target is reached, the company will be worth $27.59M 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 63,849 shares traded hands. Actua Corp (NASDAQ:ACTA) has risen 46.62% since April 21, 2016 and is uptrending. It has outperformed by 41.30% the S&P500.

Analysts await Actua Corp (NASDAQ:ACTA) to report earnings on March, 6. They expect $-0.17 earnings per share, up 87.86% or $1.23 from last year’s $-1.4 per share. After $-0.12 actual earnings per share reported by Actua Corp for the previous quarter, Wall Street now forecasts 41.67% negative EPS growth.

According to Zacks Investment Research, “Actua Corporation is a multi-vertical cloud company. The Company brings the power of the cloud to vertical markets and processes, including insurance, public sector communications and compliance. It operates in two business segments: the core reporting segment and the venture reporting segment. The Company’s core reporting segment includes those companies in which its management provides strategic direction and management assistance. Its venture reporting segment includes companies to which it generally devote less capital than it does to its core companies and, therefore, in which it holds relatively smaller ownership stakes than it does in the core companies. Actua Corporation, formerly known as ICG Group Inc Common Stock, is based in Radnor, Pennsylvania.”

More notable recent Actua Corp (NASDAQ:ACTA) news were published by: Streetinsider.com which released: “Actua Corp. (ACTA) to Sell GovDelivery in $150M Deal” on September 26, 2016, also Streetinsider.com with their article: “Actua Corp. (ACTA) Plans $80M Modified ‘Dutch Auction’ Tender Offer for Common …” published on November 03, 2016, Bizjournals.com published: “ICG Group Inc. gets new name, brand” on September 03, 2014. More interesting news about Actua Corp (NASDAQ:ACTA) were released by: Streetinsider.com and their article: “Actua Corp. (ACTA) Tops Q3 EPS by 7c” published on November 03, 2016 as well as Investingnews.com‘s news article titled: “5 Top NASDAQ Tech Stocks: Actua Corp. Leads” with publication date: November 07, 2016.

ACTA Company Profile

Actua Corporation, formerly ICG Group, Inc., incorporated on February 2, 1999, is a multi-vertical cloud technology company. The Firm operates through two divisions, which include the vertical cloud segment and the vertical cloud (venture) segment. The Company’s vertical cloud businesses include Bolt Solutions Inc. (Bolt), Folio Dynamics Holdings Inc. (FolioDynamix), GovDelivery Holdings, Inc. (GovDelivery) and VelocityEHS Holdings, Inc. (VelocityEHS), which operate in the commercial and personal property and casualty insurance, wealth management, government communications and environmental, health and safety (EH&S) markets, respectively. The vertical cloud (venture) businesses include InstaMed Holdings, Inc. (InstaMed) and Parchment Inc. (Parchment), which operate a cloud healthcare payments network and an education credentials technology, respectively.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Leave a Comment