Analysts Are Gushing Over Acacia Communications, Inc. (ACIA), bluebird bio, Inc. (BLUE)

Acacia Communications, Inc. (NASDAQ:ACIA) last session’s volume of 0.56 million shares was higher than its average volume of 0.51 million shares. The stock, after opening at $38.35, hit $39.97 through the close by scoring 4.22%.

Acacia Communications, Inc. (ACIA) Analyst Opinion

Acacia Communications, Inc. has a consensus outperform rating from 11 Wall Street analysts, and the number of shares currently sold short amount to at least 24.84% of shares outstanding. The stock spiked 2.23% last month and is down -35.27 this year. Wall Street is only getting more bullish on the stock, with 9 of analysts who cover ACIA having a buy-equivalent rating. Analysts have placed a $48 price target on Acacia Communications, Inc., suggesting a 20.09% gain from recent close. It’s currently trading about -46.53% below its 52-week high.

Acacia Communications, Inc. Earnings Surprise

Acacia Communications, Inc. (ACIA) surprised the stock market in its last reported earnings when it earned $0.46 a piece versus the consensus-estimated $0.35. Its revenue totaled $104.35 million up 32.26% from the previous quarter.

Acacia Communications, Inc. (NASDAQ:ACIA) Intraday View

This stock (ACIA) is ahead of its 52-week low with 13.04%. Its last month’s stock price volatility remained 4.4% which for the week stands at 3.72%. The share price has moved forward from its 20 days moving average, trading at a distance of 6.2% and stays -5.22% away from its 50 days moving average. Over the last five days, shares have managed 2.51% gains and now is down -14.37% since hitting its 200-day moving average of $43.83. Acacia Communications, Inc. (ACIA) has made its way to a 12-month decline of -39.81%.

Turning to bluebird bio, Inc. (NASDAQ:BLUE), its shares were trading at $162.3 a retreat of $-8.8, on the trading floor. The stock, after opening at $172.15, touched a high of $174.6 before paring much of its gains. So far, analysts are sticking with their neutral recommendations with the consensus call at 2.1. bluebird bio, Inc. has 5 buy ratings, 5 holds and 0 sells even after the stock tumbled -7.07% from its high of $174.65 to a $7.41 billion market value through last close.

bluebird bio, Inc. (BLUE) Consensus Price Target

The company’s consensus rating on Reuter’s scale slipped from 2.22 to 2.11 during a month. Analysts set a 12-month price target of $155.94 a share. The target implies a -3.92% decrease from where the shares are currently trading. Also, the current price highlights a discount of 23.23% to analysts’ high consensus price target.

bluebird bio, Inc. (NASDAQ:BLUE) Intraday Trading

The counter witnessed a trading volume of 0.72 million shares versus an average volume of 0.81 million shares during last trading session. Its last month’s stock price volatility remained 5.59% which for the week approaches 4.24%. The lowest price the stock reached in the last trading day was $161.45 and compares with the $60.95 52-week low. The stock recovered 166.28% since its low point and has performed 163.05% year-to-date.

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