Could Gaia, Inc. (GAIA) Lose its Strength? The Stock Reaches 52-Week High

March 16, 2018 - By Vivian Park

The stock of Gaia, Inc. (NASDAQ:GAIA) hit a new 52-week high and has $17.51 target or 3.00 % above today’s $17.00 share price. The 7 months bullish chart indicates low risk for the $258.23M company. The 1-year high was reported on Mar, 16 by If the $17.51 price target is reached, the company will be worth $7.75 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.29% or $0.05 during the last trading session, reaching $17. About 54,317 shares traded. Gaia, Inc. (NASDAQ:GAIA) has risen 39.47% since March 16, 2017 and is uptrending. It has outperformed by 22.77% the S&P500.

Gaia, Inc. operates a digital video subscription service and on-line community that caters to a unique and underserved subscriber base worldwide. The company has market cap of $258.23 million. The firm has a digital content library of approximately 7,700 titles available to its subscribers on Internet-connected devices anytime, anywhere commercial free. It currently has negative earnings. The Company’s subscribers have unlimited access to a library of inspiring films, cutting edge documentaries, interviews, yoga classes, transformation related content, and others that are available to its subscribers for digital streaming.

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