Don’t Count Out These Stocks Just Yet: Flexion Therapeutics, Inc. (FLXN), Avid Technology, Inc. (AVID)

The price of Flexion Therapeutics, Inc. (NASDAQ:FLXN) went up by $0.37 now trading at $12.59. Their shares witnessed a 30.47% increase from the 52-week low price of $9.65 they recorded on 2019-05-08. Even though it is still -131.14% behind the $29.1 high touched on 2018-06-20. The last few days have been good for the stock, as its price has grew by 30.06% during the week. It has also performed poorly over the past three months, as it lost around -9.62% while it has so far retreated around -52.47% during the course of a year. The stock of FLXN recorded 11.22% uptrend from the beginning of this year till date. The 12-month potential price target for Flexion Therapeutics, Inc. is set at $26.44. This target means that the stock has an upside potential to increase by 110.01% from the current trading price.

25 institutions entered new Flexion Therapeutics, Inc. (NASDAQ:FLXN) positions, 64 added to their existing positions in these shares, 61 lowered their positions, and 21 exited their positions entirely.

Flexion Therapeutics, Inc. (FLXN) trade volume has decreased by -37.78% as around 433,290 shares were sold when compared with its 50-day average volume of traded shares which is 696,332. At the moment, FLXN is witnessing a uptrend, as it is trading 15.72% above its 20-day SMA, 7.73% above its 50-day SMA, and -19.31% above its 200-day SMA. The company runs an ROE of roughly -131.9%, with financial analysts predicting that their earnings per share growth will be around 0% per annum for the next five year. This will be compared to the -29.5% decrease witnessed over the past five years.

The first technical resistance point for Flexion Therapeutics, Inc. (NASDAQ:FLXN) will likely come at $12.8, marking a 1.64% premium to the current level. The second resistance point is at $13, about 3.15% premium to its current market price. On the other hand, inability to breach the immediate hurdles can drag it down to $11.84, the lower end of the range. FLXN’s 14-day MACD is 1.13 and this positive figure indicates an upward trading trend. The company’s 14-day RSI (relative strength index) score is 60.69, which shows that its stock has been neutral. The 20-day historical volatility for the stock stands at 82.55 percent, which is high when compared to that of the 50-day’s 67.98 percent.

The shares of Avid Technology, Inc. (NASDAQ:AVID) has increased by 3.58%, and now trading at $7.81 on the Wall Street in the intra-day deal, with their shares traded now around 492,304. This is a decline of -206,256 shares over the average 698,560 shares that were traded daily over the last three months. The stock that is trading at $7.81 went higher by 78.72% from its 52-week low of $4.37 that it attained back on 2019-03-08. The stock recorded a 52-week high of $10.65 nearly 9 days ago on 2019-05-07.

AVID stock hasn’t performed well over the past 30 days, as it lost -6.13% while its price climbed by 64.42% year-to-date (YTD). Looking at the last few days, it has been tough for the stock, as it tumbled -11.45% over the last week. The stock’s 12-month potential target price is now at $7.5. This means that the stock price might likely increase by -3.97% from its current trading price. 1 out of 4 Wall Street analysts which represents 25% rated the stock as a buy while the remaining 50% rated it as a hold, with 25% of analysts rating it as a sell.

Avid Technology, Inc. (NASDAQ:AVID) has been utilizing an ROE that is roughly 1.1%, with stock analysts predicting that the company’s EPS for the next five years will go up by 15% per year, following the -19.9% drop that was witnessed during the past five years. The stock at the moment is on a downtrend, trading -4.1% below its 20-day SMA, 5.27% above its 50-day SMA, and 30.88% above its 200-day SMA. In percentage terms, the aggregate Avid Technology, Inc. shares held by institutional investors is 72.6%. 22 institutions jumped in to acquire Avid Technology, Inc. (AVID) fresh stake, 49 added to their current holdings in these shares, 36 lowered their positions, and 9 left no stake in the company.

The stock’s 9-day MACD is -0.72 and this negative figure indicates a downward trading trend. The company’s 9-day RSI score is 42.76, which shows that its stock has been neutral. The 20-day historical volatility for the shares stand at 73.35 percent, which is less when compared to that of the 50-day’s 79.32 percent. On the daily chart, we see that the stock could reach the first level of resistance at $8.04, sporting a 2.86% premium to the current level. The next resistance point is at $8.26, representing nearly 5.45% premium to the current market price of Avid Technology, Inc. (AVID). On the other hand, failure to breach the immediate hurdles can drag it down to $7.22, the lower end of the range.