ARRY Stock: Price Target in View for Array BioPharma Inc

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Investors may be tracking sell-side analyst opinions on shares of Array BioPharma Inc. (NASDAQ:ARRY). According to analysts polled by Zacks Research, the current consensus target price is $15.56. Analysts and financial institutions may use different methods to value a particular stock. Because of the use of alternate methods, individual price targets may be widely varied. Viewing the consensus target price can help provide a general sense of where the sell-side sees the stock heading in the future. Investors can take a look at the target projections and decide for themselves if they agree with the Street. Investors tend to take a closer look at shares when analysts provide update to price targets.

Technical investors generally rely heavily on price charts to help spot potential trades. Chartists will often try to interpret past movements with the goal of trying to gauge the future share price movements. Some charts can be extremely complex while others may be quite simple. Many traders will spend countless hours studying the signals to try to spot optimal entry and exit points. There are many different indicators that technical analysts can follow. Some traders will use standalone signals, and others will use a robust combination. Getting into the nitty-gritty of charting can be overwhelming for the beginner. Taking the time to completely understand what the charts are saying can be the difference between a big win and a major loss.

Street analysts often provide stock recommendations for companies that they track. According to analysts polled by Zacks Research, the current average rating on shares of Array BioPharma Inc. (NASDAQ:ARRY) is 1.22. This average rating includes analysts who have given Buy, Sell and Hold ratings on the name. This rating uses a numerical scale from 1 to 5. A 1 would indicate a Buy recommendation, and a score of 5 would point to a Sell recommendation. Out of all the analysts offering recommendations, 8 have rated the stock a Strong Buy or Buy.

Covering analysts are looking for Array BioPharma Inc. (NASDAQ:ARRY) to report a current quarter EPS of -0.24 when the company issues their next earnings report. This is the consensus estimate using analysts taken into consideration by Zacks Research. This estimate includes 7 sell-side analysts. For the previous reporting period, the company posted a quarterly EPS of -0.22. Investors will be closely tracking how close the actual comes to the consensus estimate after the next report. Analysts covering the stock are usually very busy during earnings periods. Before the release, they might be revising estimates. After the earnings release, they will closely review the information and update accordingly.

Looking at some recent stock price activity for Array BioPharma Inc. (NASDAQ:ARRY), we have spotted shares trading near the $10.92 level. Looking at some popular historical levels, we note that the 52-week high is presently $12.56, and the 52-week low is currently $6.96. When the stock is trading close to the 52-week high or 52-week low, investors may pay extra attention to see if there will be a move through that level. Looking back over the last 12 weeks, the stock has moved -4.8%. Heading back to the start of the year, we can see that shares have moved 24.23%. Over the past 4 weeks, shares have seen a change of -2.33%. Over the last 5 trading sessions, the stock has moved 1.11%.

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