Analyst sends Zebra Tech stock into tailspin.
Shares of automatic identification and data capture (AIDC) company Zebra Technologies (NASDAQ: ZBRA) fell nearly 12% in early trading Thursday before reversing and clawing their way back to about a 6.8% loss as of 2:05 p.m. EDT. You can blame investment research firm Northcoast for the decline thank investment banker R.W. Baird for Zebra's comeback.
Technically the stock is struggling to make new highs and the downgrade certainly did not help, the stock had great momentum until first quarter earnings but will struggle to regain such interest once again. Look for break from the current wedge that is forming for long or short entry.
Indicators are trying to regain bullish trajectory but macd is rolling over and stoch will possibly need to reset.
AVERAGE ANALYSTS PRICE TARGET $233
AVERAGE ANALYSTS RECOMMENDATION OVERWEIGHT
P/E RATIO 25
COMPANY PROFILE
Zebra Technologies Corp. engages in designing, manufacturing and selling of automatic identification and data capture products. Its products include mobile computers, barcode scanners, radio frequency identification devices (RFID) readers, specialty printers for barcode labeling and personal identification, real-time location systems, accessories and supplies, such as self-adhesive labels and other consumables, and software utilities and applications. It also provides services such as maintenance, technical support, repair, managed and professional services, including cloud-based subscriptions. It operates through the following two segments: Asset Intelligence & Tracking (AIT) and Enterprise Visibility & Mobility (EVM). The AIT segment comprises of barcode and card printing, location solutions, supplies, and services. The EVM segment comprises of mobile computing, data capture, and RFID. The company was founded by Edward L. Kaplan and Gerhard Cless in 1969 and is headquartered in Lincolnshire, IL.
Technically the stock is struggling to make new highs and the downgrade certainly did not help, the stock had great momentum until first quarter earnings but will struggle to regain such interest once again. Look for break from the current wedge that is forming for long or short entry.
Indicators are trying to regain bullish trajectory but macd is rolling over and stoch will possibly need to reset.
AVERAGE ANALYSTS PRICE TARGET $233
AVERAGE ANALYSTS RECOMMENDATION OVERWEIGHT
P/E RATIO 25
COMPANY PROFILE
Zebra Technologies Corp. engages in designing, manufacturing and selling of automatic identification and data capture products. Its products include mobile computers, barcode scanners, radio frequency identification devices (RFID) readers, specialty printers for barcode labeling and personal identification, real-time location systems, accessories and supplies, such as self-adhesive labels and other consumables, and software utilities and applications. It also provides services such as maintenance, technical support, repair, managed and professional services, including cloud-based subscriptions. It operates through the following two segments: Asset Intelligence & Tracking (AIT) and Enterprise Visibility & Mobility (EVM). The AIT segment comprises of barcode and card printing, location solutions, supplies, and services. The EVM segment comprises of mobile computing, data capture, and RFID. The company was founded by Edward L. Kaplan and Gerhard Cless in 1969 and is headquartered in Lincolnshire, IL.