Qihoo 360 Technology Co Ltd (QIHU) had received an upgrade which was revealed in a research note sent to investors on the 11th of May this year. According to the research note, Qihoo 360 Technology Co Ltd has shifted from hold to buy at a rate of $77. The company’s analysts currently have a price target of $68.63 on the company’s stock. But, the data which was made available by Thomson, the highest price targeted by experts is estimated to be $77, while the lowest price stands at $55.
In addition, the 15th of March saw the company’s stock downgraded when Stifel reduced it from Buy to Hold despite the February 19thStifel reiteration having been Hold to Buy at a value ranging between $98 and $88. The 6th of January also saw Stifel reiterate the stock as Buy at a value ranging between $168 and $98.
Meanwhile, a good number of other analysts have also recommended that the company’s stock needs an upgrade. As it stands, the company now has an average analysts’ of 2.1. According to the mean analysts’ scale, 1 and 5 stands for a strong buy and sell respectively.
Further, the company also has a very high relative strength index or RSI. As it stands, it has an RSI of 14 out of a total of 37.59, while its Average True Range is 14 of 1.53. In technical terms, the RSI is an index that shows the comparison between the most recent losses and the gains. This is mainly done for purposes of determining the excess buying and selling conditions of specific assets. Today, the RSI remains one of the most effective ways of comparing a stock’s recent gains and losses. It is used extensively across the globe for this very purpose. In particular, the value is held in high esteem and used extensively across the whole globe because it is very easy to compute based on the direction and speed of the price motion of a certain stock. This value always lies between 0 and 100, with the value being 0 in case the stock falls on all 14 days and 100 when the stock rises on days. On the other hand, the ATR shows the volatility of a certain stock. It was introduced by Welles Wilder. Based on these two technical values, Qihoo 360 Technology Co Ltd now has a volatility of 5.37 % along with a beta value of 1.41.
The company’s current trailing revenue for the past 12 months is $1.80 billion and has a price to sales ratio of 5.11 over the past 12 months. Regarding the most recent quarter book value per share, the company now has $9.62 along with a price to book ratio of 7.32 over the same quarter. The company’s price cash per share value stands at $8.59 for the most recent quarter, although its price to cash per share ratio over the most recent quarter stands at 8:20.