Everything Is Changing! Should You Dump Tucows Inc. (TCX), Ribbon Communications Inc. (RBBN)?

The price of Tucows Inc. (NASDAQ:TCX) went up by $3.47 now trading at $67.52. Their shares witnessed a 35.88% increase from the 52-week low price of $49.69 they recorded on 2018-10-30. Even though it is still -33.6% behind the $90.21 high touched on 2019-04-23. The last few days have been rough for the stock, as its price has decreased by -21.53% during the week. It has also performed poorly over the past three months, as it lost around -3.32% while it has so far climbed around 7.95% during the course of a year. The stock of TCX recorded 12.42% uptrend from the beginning of this year till date. The 12-month potential price target for Tucows Inc. is set at $96.72. This target means that the stock has an upside potential to increase by 43.25% from the current trading price.

15 institutions entered new Tucows Inc. (NASDAQ:TCX) positions, 46 added to their existing positions in these shares, 46 lowered their positions, and 14 exited their positions entirely.

Tucows Inc. (TCX) trade volume has increased by 131.33% as around 170,461 shares were sold when compared with its 50-day average volume of traded shares which is 73,688. At the moment, TCX is witnessing a downtrend, as it is trading -18.64% below its 20-day SMA, -17.13% below its 50-day SMA, and 3.32% below its 200-day SMA. The company runs an ROE of roughly 21%, with financial analysts predicting that their earnings per share growth will be around 29% per annum for the next five year. This will be compared to the 37.9% increase witnessed over the past five years.

The first technical resistance point for Tucows Inc. (NASDAQ:TCX) will likely come at $70.54, marking a 4.28% premium to the current level. The second resistance point is at $73.56, about 8.21% premium to its current market price. On the other hand, inability to breach the immediate hurdles can drag it down to $60.05, the lower end of the range. TCX’s 14-day MACD is -13.93 and this negative figure indicates a downward trading trend. The company’s 14-day RSI (relative strength index) score is 28.97, which shows that its stock has been oversold. The 20-day historical volatility for the stock stands at 82.51 percent, which is high when compared to that of the 50-day’s 57.17 percent.

The shares of Ribbon Communications Inc. (NASDAQ:RBBN) has increased by 4.67%, and now trading at $5.15 on the Wall Street in the intra-day deal, with their shares traded now around 588,473. This is a rise of 244,703 shares over the average 343,770 shares that were traded daily over the last three months. The stock that is trading at $5.15 went higher by 13.94% from its 52-week low of $4.52 that it attained back on 2019-05-09. The stock recorded a 52-week high of $7.89 nearly 267 days ago on 2018-08-22.

RBBN stock hasn’t performed well over the past 30 days, as it lost -0.19% while its price climbed by 6.85% year-to-date (YTD). Looking at the last few days, it has been good for the stock, as it rose 9.34% over the last week. The stock’s 12-month potential target price is now at $8.38. This means that the stock price might likely increase by 62.72% from its current trading price. 3 out of 4 Wall Street analysts which represents 75% rated the stock as a buy while the remaining 25% rated it as a hold, with 0% of analysts rating it as a sell.

Ribbon Communications Inc. (NASDAQ:RBBN) has been utilizing an ROE that is roughly -10.8%, with stock analysts predicting that the company’s EPS for the next five years will go up by 12% per year, following the -13.2% drop that was witnessed during the past five years. The stock at the moment is on a uptrend, trading 1.28% above its 20-day SMA, 0.57% above its 50-day SMA, and -11.8% below its 200-day SMA. In percentage terms, the aggregate Ribbon Communications Inc. shares held by institutional investors is 76.5%. 26 institutions jumped in to acquire Ribbon Communications Inc. (RBBN) fresh stake, 71 added to their current holdings in these shares, 48 lowered their positions, and 16 left no stake in the company.

The stock’s 9-day MACD is 0.13 and this positive figure indicates an upward trading trend. The company’s 9-day RSI score is 59.38, which shows that its stock has been neutral. The 20-day historical volatility for the shares stand at 57.14 percent, which is more when compared to that of the 50-day’s 35.63 percent. On the daily chart, we see that the stock could reach the first level of resistance at $5.27, sporting a 2.28% premium to the current level. The next resistance point is at $5.39, representing nearly 4.45% premium to the current market price of Ribbon Communications Inc. (RBBN). On the other hand, failure to breach the immediate hurdles can drag it down to $4.73, the lower end of the range.