Recent positive health for Xcerra Corporation (NASDAQ:$XCRA) has caught the attention of investors. In recent trading, the stock traded at a price of $9.85, a positive move of 0.31%. More interestingly to investors, the stock exceeded its normal trade volume of 0.39 million shares with a trading volume of 0.41 million shares. The volume can be a useful tool for technical analysts and proactive traders to help measure how strong a particular move is. This is often weighed against possible resistance and support levels to determine whether a breakout is possible or not.
Meanwhile, Xcerra has an aggregate stock rating of 3.00, making it a ‘Hold’. The scale runs from 1-5, with 1 representing a ‘Strong-Buy’, 2 being a ‘Buy’, 3 being ‘Hold’, 4 being ‘Sold’, and 5 being a ‘Strong-Sell’.
Taking into consideration the last five trading days, we note a marked Bullish trend, with stocks growing in a persuasive motion. Last week, Xcerra’s production stirred by 0.41%. The monthly dynamic performance grew 1.13%, a very optimistic signal for investors. A tendency toward upward trend is indicated by the quarterly performance.
In the last year, we’ve seen Xcerra grow by 67.52%. In the past 6 months, the stock has surged upward by 11.43%, while the last three 3 months saw the stock surge up 1.03%. Overall, these stats indicate a healthy stock with continual growth that should appeal to potential investors. Historically, looking at the Year-To-Date performance, Xcerra is sitting at a favorable 28.9%
So are there any risks?
Even though the primary focus of an investment is a return, risk and return are so irrevocably linked that it’s impossible to consider one without the other. This is where the beta comes in handy. The beta is a measure of a stock’s volatility compared to an industry standard, such as the S&P TSX Composite Index. Betas of 1.00 indicate that a stock is no more or less risky than the standard, whereas a beta of 1.5 would indicate a stock is 50% more risky than the standard, and a beta of .5 would indicate it is 50% less volatile than the standard.
With this in mind, we can take a look at Xcerra’s beta, which currently sits at 1.60. This would indicate that investments in Xcerra carry some risk as the stock is 60% more volatile than the industry standard.
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