A Reversal for Xcerra Corp (XCRA) Is Near. The Formed Multiple Top Pattern

September 17, 2017 - By Kurt Siggers

The stock of Xcerra Corp (XCRA) shows a multiple tops pattern with $10.26 target or 4.00 % above today’s $9.87 share price. The 6 months chart pattern indicates low risk for the $535.62 million company. It was reported on Sep, 17 by Finviz.com. If the $10.26 price target is reached, the company will be worth $21.42 million more.
Multiple tops are chart patterns with decent performance in a bull market. The failure rate is higher but the average decline is reasonable. Back-tests of such patterns show that the break even failure rate is 10%, the average rise: 19%, the throwback rate: 61% and the percentage of stocks meeting their price targets: 40%.

The stock increased 1.54% or $0.15 on September 15, reaching $9.87. About 1.04M shares traded or 140.30% up from the average. Xcerra Corp (NASDAQ:XCRA) has risen 65.92% since September 17, 2016 and is uptrending. It has outperformed by 49.22% the S&P500.

Investors wait Xcerra Corp (NASDAQ:XCRA) to report on December, 7. its quarterly earnings Wall Street analysts expect $0.19 earnings per share, up $0.18 or 1,800.00 % from last year’s $0.01 same quarter earnings. This translates into $10.31 million profit for XCRA giving the stock a 12.99 P/E. This is assuming the current $0.19 EPS is accurate. Xcerra Corp’s Wall Street analysts see -24.00 % negative EPS growth, taking into account the $0.25 EPS reproted in the previous quarter,

Xcerra Corp (NASDAQ:XCRA) Ratings Coverage

Among 4 analysts covering Xcerra (NASDAQ:XCRA), 0 have Buy rating, 0 Sell and 4 Hold. Therefore 0 are positive. Xcerra had 7 analyst reports since September 4, 2015 according to SRatingsIntel. The firm earned “Neutral” rating on Tuesday, April 11 by DA Davidson. The firm has “Buy” rating given on Wednesday, November 18 by Stifel Nicolaus. The firm has “Hold” rating by Needham given on Wednesday, August 30. As per Tuesday, April 11, the company rating was downgraded by B. Riley & Co. On Monday, May 15 the stock rating was downgraded by Stifel Nicolaus to “Hold”. On Monday, August 28 the stock rating was maintained by B. Riley & Co with “Hold”. DA Davidson maintained it with “Buy” rating and $12.0 target in Friday, September 4 report.

More important recent Xcerra Corp (NASDAQ:XCRA) news were published by: Thestreet.com which released: “Trump’s Lattice Deal Block Could Cause Cascade of China Cancellations” on September 14, 2017, also Streetinsider.com published article titled: “Form 8-K Xcerra Corp For: Aug 30”, Gurufocus.com published: “Xcerra Corp (XCRA) Files 10-K for the Fiscal Year Ended on July 31, 2017” on September 11, 2017. More interesting news about Xcerra Corp (NASDAQ:XCRA) was released by: Nasdaq.com and their article: “Why You Shouldn’t Bet Against Xcerra Corporation (XCRA) Stock” with publication date: September 14, 2017.

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