The Benchmark Company rated the dMY Technology Group Inc. (NYSE: DMYT) stock “a Buy” and gave the company’s common stock a price target of $18. The Benchmark Company’s estimates were contained in a research note released on Wednesday, September 23, 2020. Several other experts on Wall Street have posted such reports regarding the DMYT shares.
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Wall Street analysts tracking the dMY Technology Group Inc. (NYSE: DMYT) stock on daily basis. Out of 2 analysts, 2 deeming the stock a Buy and 0 gave it a rating of OVERWEIGHT. Another 0 recommended that DMYT is a HOLD, while 0 rated it UNDERWEIGHT and the same number recommended SELL. If we look at the broader picture, the above ratings give the stock an average analyst rating of 2.00.
The stock market has more often than not ended up being extremely baffling, catching even some of the more experienced traders by surprise. It happens that even when results are as projected, the market sometimes just takes a sudden turn towards the opposite direction. Often such events lead to doubt and much speculation. At such time, it may pay to keep tabs on a stock’s historical price performance. Useful also would be knowledge of the stock’s trends, both the short term and long-term. dMY Technology Group Inc. (NYSE: DMYT) share prices have increased by 17.81% over the past week, but are up 90.76% over prices posted in the last quarter. Going further back, the stock’s price has tanked 145.04% over the last 6 months but is up 148.86% in year-to-date trading.
A recent spot check on the stock’s support and resistance revealed that the publicly-traded dMY Technology Group Inc. (NYSE: DMYT) shares are trading at a price close to -3.23% lower than its 90-day high. On the other hand, the stock is +119.43% away from its low in the 90-day period. More broadly, DMYT’s current price is -0.91% away from 52-week high. The price is 151.74% above from its 52-week low.
Focusing on the company’s market volatility shows that it has a 1-Week Volatility index of 9.20%, and 9.55% for the month. This stock’s Average True Range (ATR) currently stands at 1.68. The indicator of Volatility helps exhibit the extent to which a stock is likely to plummet or climb when the rest of the market also dips or surges. If a stock has a beta score above 1, then its rate of volatility is high. Figures lower than 1, therefore, means that the stock’s volatility at that particular moment is low.
Shares of the dMY Technology Group Inc. (NYSE: DMYT) gained by $1.11 during Thursday’s regular trading session to climb to $23.94. The company had a daily trading volume of 0.76 million shares, higher than its average intra-day trading volumes of about 737.91K shares.
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