What’s TiVo Corporation (TIVO) Downside After Forming Double Bottom Pattern?

April 25, 2018 - By Michael Collier

TiVo Corporation (NASDAQ:TIVO) Logo

The chart of TiVo Corporation (TIVO) shows a double bottom with $13.24 target or 9.00 % below today’s $14.55 share price. The 5 months chart pattern indicates high risk for the $1.79B company. It was reported on Apr, 25 by Finviz.com. If the $13.24 price target is reached, the company will be worth $161.01M less. Double bottoms are rare but powerful chart patterns.

It closed at $14.55 lastly. It is down 24.65% since April 25, 2017 and is downtrending. It has underperformed by 36.20% the S&P500.

Analysts await TiVo Corporation (NASDAQ:TIVO) to report earnings on May, 2. They expect $0.33 EPS, up 50.00 % or $0.11 from last year’s $0.22 per share. TIVO’s profit will be $40.58 million for 11.02 P/E if the $0.33 EPS becomes a reality. After $0.25 actual EPS reported by TiVo Corporation for the previous quarter, Wall Street now forecasts 32.00 % EPS growth.

TiVo Corporation (NASDAQ:TIVO) Ratings Coverage

Among 5 analysts covering TiVo Corporation (NASDAQ:TIVO), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. TiVo Corporation had 14 analyst reports since October 27, 2017 according to SRatingsIntel. The firm has “Hold” rating given on Thursday, January 11 by FBR Capital. The stock of TiVo Corporation (NASDAQ:TIVO) has “Neutral” rating given on Wednesday, February 28 by B. Riley & Co. The rating was maintained by Piper Jaffray on Friday, November 3 with “Buy”. On Wednesday, December 13 the stock rating was downgraded by B. Riley & Co to “Neutral”. On Thursday, April 19 the stock rating was maintained by FBR Capital with “Buy”. FBR Capital upgraded the stock to “Buy” rating in Friday, February 2 report. The firm has “Buy” rating by FBR Capital given on Friday, February 16. BWS Financial initiated TiVo Corporation (NASDAQ:TIVO) on Wednesday, February 28 with “Buy” rating. Jefferies maintained the stock with “Buy” rating in Friday, October 27 report. FBR Capital downgraded TiVo Corporation (NASDAQ:TIVO) rating on Wednesday, December 13. FBR Capital has “Hold” rating and $18.0 target.

TiVo Corporation (NASDAQ:TIVO) Ratings Chart

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