In the most recent trading session, Monotype Imaging Holdings Inc. (NASDAQ:TYPE) shares saw a move of -0.64%. Covering Wall Street analysts have a consensus target price of $24.75 on the stock. Target predictions might differ vastly from analyst to analyst. This target is applying estimates from analysts polled by Thomson Reuters.
Sell-side analysts are able to use multiple metrics in order to help calculate target price estimates. A widely used metric is a company’s preice to earnings ratio. This calculation is derived from dividing the current share price by the projected earnings per share. Monotype Imaging Holdings Inc. currently has a P/E Ratio of 49.15. Investors might also evaluate a company’s PEG or price to earnings growth ratio. The PEG ratio represents the ratio of the price to earnings to the anticipated future growth rate of the company. If a company has a PEG Ratio under one, it may be seen as undervalued. If a company has a PEG Ratio over one, it may represent that the company is overvalued. A PEG Ratio near one may be viewed as fair value. Currently, the company has a PEG Ratio of 1.74.
Looking at stock performance, company shares have recently traded $1.68 away from the 50-day moving average of $21.57 and $2.40 away from the 200-day moving average of $20.85. The stock has been recently noted -8.36% off of the 52-week high of 25.37 and +34.32% off of the 52-week low of 17.31. Monitoring the stock price relative to moving averages and highs and lows for the year may help evaluate the value of the stock in the future.