Investor Watch – Shares Attracting Attention: Cree, Inc. (NASDAQ:CREE)

Sell-side equity analysts are typically working super hard to create realistic target prices for stocks that they cover. After a recent market scan, we can see that Cree, Inc. (NASDAQ:CREE) has a current average target price of 49.33. These analysts may have different ways that they arrive at a target price. Because target prices are estimates where analysts feel that the stock may be heading, there are obviously no guarantees that the stock price will actually end up there. Investors have the ability to track analyst targets, and they may decide that a specific analyst is right or wrong. Some investors may choose to do their own analysis and see how it compares to what the professionals are thinking. Investors may also have the ability to study the numbers and look at how accurate certain analysts have been with projections in the past. If a specific analyst has a good track record, investors may choose to pay more attention to the target. Because analysts use various methods for creating these estimates, there may be a very wide range of estimates given for a particular stock.

Investors will be closely watching which way market momentum will shift as we cruise into the back half of the year. Earnest investors will most likely be pouring over the latest earnings reports trying to spot buying opportunities. Many investors will pay especially close attention to companies that have posted large surprise factors over the past quarter. As the dust settles, investors might be monitoring stock price activity following the earning release in order to set up a plan for trading around the next earnings season.   

Following recent trading activity on shares of Cree, Inc. (NASDAQ:CREE), we can see that the stock has been hovering near the 54.03 price level. Shareholders might be asking themselves whether now is a good time to buy or sell the stock. Over the previous 12 weeks, the stock has moved 25.68%. Looking back over the last month, shares have moved 3.82%. Over the previous week, the stock has changed 2.27%. Investors may also be watching the current price in relation to the 52-week highs/lows. After a recent scan, we note that the 52-week high is presently 54.95, and the 52-week low is 33.72.

Investors have the ability to follow Wall Street analyst views when conducting stock research. Sell-side analysts often put in a lot of time trying to evaluate the inner workings of a company. They may dig through the financials, conduct interviews, and pay keen attention to conference calls in order to compile data for the research report. Many analysts will offer buy, sell, or hold recommendations for stocks they cover. Checking on shares of Cree, Inc. (NASDAQ:CREE), we see that the current average broker rating is 2.4. This average rating falls on a scale from 1 to 5 where a 1 would indicate a Strong Buy. On the flip side, a 5 rating would signify a Strong Sell. Based on data provided by Zacks, there are currently 4 polled analysts rating the stock a Strong Buy or Buy. Investors often have to decide whether they are in agreement with how the analysts perceive the future prospects of a specific stock.

Investors may be sizing up shares of Cree, Inc. (NASDAQ:CREE). After a recent check, we see that the current quarter EPS consensus estimate provided by Zacks is standing at 0.16. This EPS estimate is comprised of 6 sell-side analysts polled by Zacks. For the last reporting period, the company posted a quarterly EPS of 0.23. Analysts and investors will be closely studying the next round of company earnings reports. Consistent success on the earnings front may point to the company moving in the right direction. On the flip side, a company that has strung together a few bad quarters may ring the warning bells for interested investors.

Investors may have various goals when it comes to making money in the stock market. Putting hard earned capital to work can pay off nicely when the proper research is completed. Investing in the stock market may not be for everyone, but it may be one of the best ways to see higher returns. Many successful investors share some of the same basic characteristics. They are typically hardworking, patient, disciplined, and work with a studious critical eye. Knowing the ins and outs of the stock market is something that may be learned over time with a lot of hard work. Although investing in the stock market entails a higher degree of risk compared to other investments, the rewards have the potential to be much greater.