Vonage Holdings (VG) : Traders are bullish on Vonage Holdings (VG) as it has outperformed the S&P 500 by a wide margin of 2.39% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 11.2%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 11.8% in the last 1 week, and is up 0.32% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 6.19% and the 50-Day Moving Average is 7.51%.The 200 Day SMA reached 21.25% Vonage Holdings Corporation is up 16.94% in the last 3-month period. Year-to-Date the stock performance stands at 10.63%.
Vonage Holdings (VG) : Currently there are 8 street experts covering Vonage Holdings (VG) stock. The most bullish and bearish price target for the stock is $9 and $7 respectively for the short term. The average price target of all the analysts comes to $7.68. The estimated standard deviation from the target is $0.76.
For the current week, the company shares have a recommendation consensus of Buy. Vonage Holdings (NYSE:VG): The stock opened at $6.3 and touched an intraday high of $6.429 on Friday. During the day, the stock corrected to an intraday low of $6.27, however, the bulls stepped in and pushed the price higher to close in the green at $6.35 with a gain of 0.63% for the day. The total traded volume for the day was 4,766,193. The stock had closed at $6.35 in the previous trading session.
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.