Luxoft Holding, Inc. (LXFT)’s Trend Down, Especially After Today’s 52 Week Low Hit

April 20, 2018 - By Marguerite Chambers

Luxoft Holding, Inc. (NYSE:LXFT) Logo

The stock of Luxoft Holding, Inc. (NYSE:LXFT) hit a new 52-week low and has $36.01 target or 7.00 % below today’s $38.73 share price. The 6 months bearish chart indicates high risk for the $1.30 billion company. The 1-year low was reported on Apr, 20 by Barchart.com. If the $36.01 price target is reached, the company will be worth $90.72M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 1.21% or $0.475 during the last trading session, reaching $38.725. About 60,241 shares traded. Luxoft Holding, Inc. (NYSE:LXFT) has declined 31.27% since April 20, 2017 and is downtrending. It has underperformed by 42.82% the S&P500.

Analysts await Luxoft Holding, Inc. (NYSE:LXFT) to report earnings on May, 28. They expect $0.39 earnings per share, down 15.22 % or $0.07 from last year’s $0.46 per share. LXFT’s profit will be $13.05M for 24.82 P/E if the $0.39 EPS becomes a reality. After $0.67 actual earnings per share reported by Luxoft Holding, Inc. for the previous quarter, Wall Street now forecasts -41.79 % negative EPS growth.

Luxoft Holding, Inc. (NYSE:LXFT) Ratings Coverage

Among 7 analysts covering Luxoft Holding Inc (NYSE:LXFT), 4 have Buy rating, 0 Sell and 3 Hold. Therefore 57% are positive. Luxoft Holding Inc had 8 analyst reports since November 20, 2017 according to SRatingsIntel. UBS maintained the shares of LXFT in report on Monday, November 20 with “Neutral” rating. On Thursday, February 15 the stock rating was maintained by KeyBanc Capital Markets with “Buy”. The rating was upgraded by KeyBanc Capital Markets on Tuesday, December 5 to “Overweight”. As per Thursday, February 15, the company rating was maintained by Credit Suisse. The company was maintained on Wednesday, February 14 by JP Morgan. Cowen & Co downgraded the stock to “Hold” rating in Wednesday, February 14 report. The firm has “Buy” rating given on Wednesday, January 17 by Cantor Fitzgerald.

Luxoft Holding, Inc., together with its subsidiaries, provides software development services and IT solutions to multinational firms primarily in Europe and the United States. The company has market cap of $1.30 billion. It offers application software development, software architecture design, performance engineering, optimization and testing, process consulting, and software quality assurance services; functional specification and mock-up, product design, engineering, automated testing, maintenance, support, and performance engineering services; and IT strategy, software engineering process, and data security consulting services. It has a 22.5 P/E ratio. The companyÂ’s products and platforms include Teora, a suite of developer tools designed to enable automotive human machine interface developers build the logic of their user interface; Populus, a tool chain for HMI design and development, and the deployment of automotive user interfaces for distributed embedded systems; and AllView, a user-experience demonstrator that links instrument cluster, head unit, head-up display, and mobile devices.

Luxoft Holding, Inc. (NYSE:LXFT) Ratings Chart

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