2 Stocks Poised to Thrive in Volatile Times: 8×8 (EGHT), Southern Copper Corporation (SCCO)

The recent performance of 8×8 (NYSE:EGHT) stock in the market spoke loud and clear to investors as EGHT saw more than 1.27M shares in trading volumes in the last trading session, way higher than the average trading volume of 1.27M shares by far recorded in the movement of 8×8 (EGHT). At the time the stock opened at the value of $19.71, making it a high for the given period, the value of the stock dropped by -0.45%. After the decrease, EGHT touched a low price of $19.51, calling it a day with a closing price of $19.81, which means that the price of EGHT went 19.72 below the opening price on the mentioned day.

Given the most recent momentum in the market in the price movement of EGHT stock, some strong opinions on the matter of investing in the company’s stock started to take shape, which is how analysts are predicting an estimated price of $26.46 for EGHT within consensus. The estimated price would demand a set of gains in total of 45.17%, which goes higher than the most recent closing price, indicating that the stock is in for bullish trends. Other indicators are hinting that the stock could reach an outstanding figure in the market share, which is currently set at 95.96M in the public float and 1.96B US dollars in market capitalization.

8×8 (EGHT) Technical Analysis

When it comes to the technical analysis of EGHT stock, there are more than several important indicators on the company’s success in the market, one of those being the Relative Strength Indicator (RSI), which can show, just as Stochastic measures, what is going on with the value of the stock beneath the data. This value may also indicate that the stock will go sideways rather than up or down, also indicating that the price could stay where it is for quite some time. When it comes to Stochastic reading, EGHT stock are showing 64.65% in results, indicating that the stock is neither overbought or oversold at the moment, providing it with a neutral within Stochastic reading as well. Additionally, EGHT with the present state of 200 MA appear to be indicating bearish trends within the movement of the stock in the market. While other metrics within the technical analysis are due to provide an outline into the value of EGHT, the general sentiment in the market is inclined toward negative trends.

A Look At Southern Copper Corporation (NYSE:SCCO)

With the previous 100-day trading volume average of 762525 shares, Southern Copper Corporation (SCCO) recorded a trading volume of 786400 shares, as the stock started the trading session at the value of $35.43, in the end touching the price of $35.97 after jumping by 1.52%.

Southern Copper Corporation Earnings Surprise

Southern Copper Corporation (SCCO) surprised the market during the previous quarter closure with the last reports recording $0.52, compared to the consensus estimation that went to $0.54. The records showing the total in revenues marked the cap of +7.88%, which means that the revenues increased by +5.47% since the previous quarterly report.

Southern Copper Corporation (SCCO) Intraday View

SCCO stock seem to be going ahead the lowest price in the last 52 weeks with the latest change of 25.69%.Then price of SCCO also went forward in oppose to its average movements recorded in the previous 20 days. The price volatility of SCCO stock during the period of the last months recorded 2.40%, whilst it changed for the week, now showing 2.50% of volatility in the last seven days. The trading distance for this period is set at 6.17% and is presently away from its moving average by 8.82% in the last 50 days. During the period of the last 5 days, SCCO stock gain around 6.17% of its value, now recording a sink by 1.72% reaching an average $35.43 in the period of the last 200 days.During the period of the last 12 months, Southern Copper Corporation (SCCO) jumped by 18.50%.

Consensus Price Target for Southern Copper Corporation (SCCO)

According to the Barchart’s scale, the company’s consensus rating was unchanged to 3.67 from 3.67, showing an overall improvement during the course of a single month. Based on the latest results, analysts are suggesting that the target price for SCCO stock should be $35.97 per share in the course of the next 12 months. To achieve the target price as suggested by analysts, SCCO should have a spike by 0% in oppose to its present value in the market. Additionally, the current price showcases a discount of 25.06% when compared to the high consensus price target predicted by analysts.

Southern Copper Corporation (SCCO) Intraday Trading

SCCO shares recorded a trading volume of 569556 shares, compared to the volume of 799.59K shares before the last close, presented as its trading average. With the approaching 2.50% during the last seven days, the volatility of SCCO stock remained at 2.40%. During the last trading session, the lost value that SCCO stock recorded was set at the price of $35.97, while the lowest value in the last 52 weeks was set at $28.62. The recovery of the stock in the market has notably added 25.69% of gains since its low value, also recording 6.07% in the period of the last 1 month.