Connecture Inc (CNXR) on Focus After Forming Bearish Double Bottom

September 17, 2017 - By Louis Casey

The chart of Connecture Inc (CNXR) shows a double bottom with $0.73 target or 7.00 % below today’s $0.78 share price. The 8 months chart pattern indicates high risk for the $17.84M company. It was reported on Sep, 17 by Finviz.com. If the $0.73 price target is reached, the company will be worth $1.25M less. Double bottoms are rare but powerful chart patterns.

The stock increased 5.26% or $0.039 on September 15, reaching $0.78. About 137,570 shares traded or 46.44% up from the average. Connecture Inc (NASDAQ:CNXR) has declined 37.31% since September 17, 2016 and is downtrending. It has underperformed by 54.01% the S&P500.

Analysts expect Connecture Inc (NASDAQ:CNXR) to report $-0.19 EPS on November, 6.They anticipate $0.01 EPS change or 5.56 % from last quarter’s $-0.18 EPS. After having $-0.30 EPS previously, Connecture Inc’s analysts see -36.67 % EPS growth.

Connecture Inc (NASDAQ:CNXR) Ratings Coverage

Among 3 analysts covering Connecture Inc (NASDAQ:CNXR), 0 have Buy rating, 0 Sell and 3 Hold. Therefore 0 are positive. Connecture Inc had 4 analyst reports since November 17, 2015 according to SRatingsIntel. As per Tuesday, November 17, the company rating was initiated by JP Morgan. Morgan Stanley downgraded Connecture Inc (NASDAQ:CNXR) rating on Tuesday, August 9. Morgan Stanley has “Equal-Weight” rating and $2 target. On Tuesday, August 9 the stock rating was downgraded by Raymond James to “Market Perform”.

More notable recent Connecture Inc (NASDAQ:CNXR) news were published by: Bizjournals.com which released: “Connecture cuts staff, raises capital after 2016 losses” on March 15, 2017, also Globenewswire.com with their article: “Connecture to Release 2017 Second Quarter Financial Results on August 7, 2017” published on July 31, 2017, Globenewswire.com published: “Connecture Reports Financial Results for First Quarter 2017” on May 08, 2017. More interesting news about Connecture Inc (NASDAQ:CNXR) were released by: Biztimes.com and their article: “Connecture narrows Q2 loss” published on August 08, 2017 as well as Biztimes.com‘s news article titled: “Connecture gets $17.5 million investment” with publication date: March 15, 2017.

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