The stock of Quantenna Communications Inc (NASDAQ:QTNA) reached all time high today, Nov, 29 and still has $20.60 target or 3.00% above today’s $20.00 share price. This indicates more upside for the $651.69M company. This technical setup was reported by Barchart.com. If the $20.60 PT is reached, the company will be worth $19.55M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 134,911 shares traded hands. Quantenna Communications Inc (NASDAQ:QTNA) has risen 6.00% since October 30, 2016 and is uptrending. It has outperformed by 0.74% the S&P500.
Quantenna Communications Inc (NASDAQ:QTNA) Ratings Coverage
Out of 2 analysts covering Quantenna Communications (NASDAQ:QTNA), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Quantenna Communications has been the topic of 2 analyst reports since November 22, 2016 according to StockzIntelligence Inc. The stock of Quantenna Communications Inc (NASDAQ:QTNA) has “Buy” rating given on Tuesday, November 22 by Deutsche Bank. The stock of Quantenna Communications Inc (NASDAQ:QTNA) earned “Overweight” rating by Barclays Capital on Tuesday, November 22.
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 important 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 Globenewswire.com published article titled: “Quantenna Communications, Inc. Announces Pricing of Initial Public Offering”, Nasdaq.com published: “Quantenna Communications, Inc. (QTNA), Interview with Dr. Sam Heidari, CEO” on November 10, 2016. More interesting news about Quantenna Communications Inc (NASDAQ:QTNA) was released by: Seekingalpha.com and their article: “IPO Preview: Quantenna Communications” with publication date: October 27, 2016.
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