What’s happening at SiTime Corporation (NasdaqGM:SITM)? What made the stock one of the top performing stock today? The company is indeed among the top gainers of the stock market, skyrocketing 8.68% (or 11.04 points) to $138.30 from its previous close of $127.26. So is it the right moment to buy?
The shares had an increased trading volume of 459,791 contracts this session compared to the average daily volume of last 10 days of 249,430 contracts and they had an increased trading volume compared to the average daily volume of last 3 months of 345,456 contracts.
The indicator of a company’s profitability, the earnings per share ratio is 0. This value shows how much money a company makes for each share of its stock. A higher EPS indicates more value because investors will pay more for a company with higher profits. This is positive and tells you exactly how much money the company earned per share of its 1.4B outstanding stocks.
The closing market price for this trading session was 89.19% over 52 weeks minimum price of $73.10 and 9.01% under 52 weeks maximum price of $151.99. Also the price is 23.61% greater than 200 day average of $111.88 and 18.10% greater than 50 day average of $117.11.
At post-market close the stock price was $136.85, thus decreasing -1.05% (or -1.45 points) with respect to regular market close.
Looking at the trading signals for SiTime Corporation over last 6 months of daily time series of prices, the two-week relative strength index (RSI), a momentum indicator that measures the size of recent changes of price to evaluate overbought or oversold conditions, stands at 0. According to standard usage, it’s value less than 30 indicates that SITM is becoming oversold or undervalued and may be preparing for a trend reversal or corrective pushback in price. The stochastic oscillator reading, another momentum indicator of overbought and oversold conditions, stands at 0. According to standard usage, it’s value less than 20 is considered in the oversold range. But let’s keep in mind that even stochastic readings very close to thresholds are not indicative of imminent reversal. In fact very strong trends can maintain overbought or oversold conditions for an extended period, but changes in the stochastic oscillator might suggest future trend shifts.
Another important signal comes from the Moving Average Convergence Divergence (MACD), a trend-following momentum indicator. It helps investors understand whether the bullish or bearish movement in the price is strengthening or weakening. Traders keep constatly an eye on the move of the MACD above or below the zero line due to the fact that the reading is an indicator of the position of the 12-period Exponential Moving Average (EMA) relative to the 26-period EMA. It currently stands at 0. Besides, its signal, given by nine-day EMA of the MACD, stands at 0.
Latest news that might have contributed to the great perfomance of SITM today are:
- SiTime (SITM) Q2 2023 Earnings Call Transcript, published on Thu, 03 Aug 2023 03:00:31 +0000
- SiTime Reports Second Quarter 2023 Financial Results, published on Wed, 02 Aug 2023 20:05:00 +0000
- SiTime Corporation to Announce Second Quarter 2023 Financial Results on August 2, 2023, published on Thu, 06 Jul 2023 12:00:00 +0000