Carbonite, Inc. (CARB) Shares Appear To Be Priced For Virtually Growth

Wall Street analysts will be watching closely when Carbonite, Inc. (NASDAQ:CARB) reports its quarterly earnings next, which is scheduled for Mon 6 May (In 85 Days). Looking at the latest analyst forecasts, the current earnings-per-share (EPS) consensus estimate is sitting at $0.38 per share. In the preceding quarter, the company reportedly generated EPS of $0.45 per share of its common stock. Looking at profitability indicators, this organization has an operating margin of 0.60%, a profit margin of 1.90% and a gross margin of 71.50%.

Speaking of Wall Street analysts, a number of market experts at top investment banks have recently posted their updated ratings on shares of Carbonite, Inc. (NASDAQ:CARB). Most recently, on February 8th, 2019, Stifel Downgrade a Hold rating. Before that, on February 8th, 2019, Rosenblatt Downgrade to Neutral. Barclays Upgrade a Overweight rating on January 9th, 2019, Oppenheimer Downgrade an Perform rating on November 2nd, 2018, and Jefferies Initiated a Buy rating on October 12th, 2018.

At its current price point, combined with the fact that this company has 33.76M shares outstanding, the current market capitalization sits at 805.18M. In the last trading day, 4,364,980 shares of Carbonite, Inc. were traded, which compares to its usual volume of about 386.26K shares per day of trading.

If we compare this company’s current price to its recent pricing activity, we can see that the price has changed by -$4.79 in the past five trading days, resulting in a percentage change of -16.72% and a moving average of 28.10. In the past 20 days, its price changed by -$4.58 (which is -16.11%) and the stock’s moving average was 28.02. Looking back a full 50 days, shares of CARB changed by -$3.31 (which is -12.19%) and demonstrated a moving average of 27.00.

Staying in the same analytical area, this company’s stock has demonstrated a 9-day Stochastic %K score of 62.87%, a 14-day Stochastic %K score of 65.05% and a 20-day Stochastic %K score of 65.05%. Using a similar metric, Carbonite, Inc. (CARB) shares showed a Stochastic %D of 78.05% over the past 9 days, a Stochastic %D score of 80.42% over the last 14 days, and a 20-day Stochastic %D of 81.21%. Meanwhile, this stock’s MACD Oscillator was -0.66 over the past 9 days, -0.50 over the past two weeks, and -0.48 in the last 20 days.

As recent trading data suggests, this company’s shares have been hovering close to the $23.85 level. Over the past 12 months, this stock has experienced a high price of $43.63 and a low of $20.50. Top market experts pay heightened attention to a stock as it is getting closer to a notable historic high price or low price.

ArrowMark Colorado Holdings LLC purchased more shares of this company during the last fiscal quarter, as we can observe in the latest corresponding filing from Carbonite, Inc. (NASDAQ:CARB) with the Securities and Exchange Commission (SEC). This specific major shareholder, at the end of the quarter, held 4,154,193 shares of the company’s stock following the addition of 1,594,498 to this investor’s holdings during the three-month period. This share count represents that ArrowMark Colorado Holdings LLC now held 12.02% stake in Carbonite, Inc. (CARB)’s shares.

Just in the most recent trading day, Carbonite, Inc. (NASDAQ:CARB) experienced a high price of $24.5 and low point of $22.35. At the end of the last trading session, this stock was at 23.85 per share, following a loss of -$6.24, or -18.60% during the full day.