These 2 Stocks Are Circling the Drain: Virtusa Corporation (VRTU), A10 Networks, Inc. (ATEN)

The price of Virtusa Corporation (NASDAQ:VRTU) went up by $0.49 now trading at $43.9. Their shares witnessed a 16.14% increase from the 52-week low price of $37.8 they recorded on 2018-12-24. Even though it is still -33.49% behind the $58.6 high touched on 2018-09-17. The last few days have been good for the stock, as its price has grew by 1.57% during the week. It has also performed poorly over the past three months, as it lost around -18.01% while it has so far retreated around -16.27% during the course of a year. The stock of VRTU recorded 3.08% uptrend from the beginning of this year till date. The 12-month potential price target for Virtusa Corporation is set at $65.2. This target means that the stock has an upside potential to increase by 48.52% from the current trading price.

29 institutions entered new Virtusa Corporation (NASDAQ:VRTU) positions, 92 added to their existing positions in these shares, 84 lowered their positions, and 16 exited their positions entirely.

Virtusa Corporation (VRTU) trade volume has decreased by -47.17% as around 86,063 shares were sold when compared with its 50-day average volume of traded shares which is 162,914. At the moment, VRTU is witnessing a downtrend, as it is trading -0.69% below its 20-day SMA, -12.52% below its 50-day SMA, and -11.03% below its 200-day SMA. The company runs an ROE of roughly 3.1%, with financial analysts predicting that their earnings per share growth will be around 20% per annum for the next five year. This will be compared to the -21.3% decrease witnessed over the past five years.

The first technical resistance point for Virtusa Corporation (NASDAQ:VRTU) will likely come at $44.22, marking a 0.72% premium to the current level. The second resistance point is at $44.53, about 1.41% premium to its current market price. On the other hand, inability to breach the immediate hurdles can drag it down to $42.87, the lower end of the range. VRTU’s 14-day MACD is 0.75 and this positive figure indicates an upward trading trend. The company’s 14-day RSI (relative strength index) score is 42.04, which shows that its stock has been neutral. The 20-day historical volatility for the stock stands at 86.46 percent, which is high when compared to that of the 50-day’s 58.81 percent.

The shares of A10 Networks, Inc. (NYSE:ATEN) has increased by 1.47%, and now trading at $6.2 on the Wall Street in the intra-day deal, with their shares traded now around 248,439. This is a decline of -136,179 shares over the average 384,618 shares that were traded daily over the last three months. The stock that is trading at $6.2 went higher by 12.52% from its 52-week low of $5.51 that it attained back on 2018-10-12. The stock recorded a 52-week high of $7.46 nearly 329 days ago on 2018-07-19.

ATEN stock hasn’t performed well over the past 30 days, as it lost -0.32% while its price plunged by -0.64% year-to-date (YTD). Looking at the last few days, it has been good for the stock, as it rose 0.49% over the last week. The stock’s 12-month potential target price is now at $9. This means that the stock price might likely increase by 45.16% from its current trading price. 0 out of 1 Wall Street analysts which represents 0% rated the stock as a buy while the remaining 100% rated it as a hold, with 0% of analysts rating it as a sell.

A10 Networks, Inc. (NYSE:ATEN) has been utilizing an ROE that is roughly -20.3%, with stock analysts predicting that the company’s EPS for the next five years will go up by 23% per year, following the 8.2% raise that was witnessed during the past five years. The stock at the moment is on a downtrend, trading -0.39% below its 20-day SMA, -5.38% below its 50-day SMA, and -4.08% below its 200-day SMA. In percentage terms, the aggregate A10 Networks, Inc. shares held by institutional investors is 67.3%. 18 institutions jumped in to acquire A10 Networks, Inc. (ATEN) fresh stake, 73 added to their current holdings in these shares, 35 lowered their positions, and 9 left no stake in the company.

The stock’s 9-day MACD is 0.04 and this positive figure indicates an upward trading trend. The company’s 9-day RSI score is 49.13, which shows that its stock has been neutral. The 20-day historical volatility for the shares stand at 20.71 percent, which is less when compared to that of the 50-day’s 26.85 percent. On the daily chart, we see that the stock could reach the first level of resistance at $6.25, sporting a 0.8% premium to the current level. The next resistance point is at $6.29, representing nearly 1.43% premium to the current market price of A10 Networks, Inc. (ATEN). On the other hand, failure to breach the immediate hurdles can drag it down to $6.01, the lower end of the range.