Vonage Holdings (VG) has risen sharply, recording gains of 0.17% in the past 4 weeks. However, the stock has corrected -6.16% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 0.38% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 0.03% and the fifty day Moving Average is 1.59%. Vonage Holdings Corporation is up 30.26% in the last three month period. Year-to-Date the stock performance stands at 3.48%.
Vonage Holdings (VG) : The highest level Vonage Holdings (VG) is projected to reach is $8 for the short term and the lowest estimate is at $7. The consolidated price target from 7 rating analysts who initiate coverage on the stock is $7.49 and the possibility the share price can swing is $0.58.
Vonage Holdings (NYSE:VG): On Fridays trading session , Opening price of the stock was $5.89 with an intraday high of $6.02. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $5.89. However, the stock managed to close at $5.94, a loss of 0.17% for the day. On the previous day, the stock had closed at $5.95. The total traded volume of the day was 2,085,049 shares.
Vonage Holdings Corp. is a provider of telecommunications and unified communications-as-a-service (UCaaS) solutions, connecting people through cloud-connected devices around the world. The Company offers a scalable session initiation protocol (SIP)-based Voice over Internet Protocol (VoIP) network. Through this technology, it offers voice and messaging services, and other features around the world on various devices. This platform enables a user via a single identity, either a number or user name, to access and utilize services and features by being connected to the Internet over third generation (3G), Long-Term Evolution (LTE), cable or Digital Subscriber Line (DSL) broadband networks. The Company has operations in the United States, the United Kingdom, Brazil, Israel and Canada. Its brand, BasicTalk, is a home phone service offering unlimited calling throughout the United States. It is focused on providing UCaaS solutions to domestic consumers, and small and medium businesses.