Is Finjan Holdings Inc. (NASDAQ:FNJN) misunderstood?


Shares of Finjan Holdings, Inc. (NASDAQ:FNJN) are currently poised at -13.87% from the open today and are trading at $2.98. More than 1,482,039 shares have exchanged hands compared to an average trading volume of 308.60K. At the current pps, the market cap stands at $78.49M. The stock prices of Finjan Holdings, Inc. (NASDAQ:FNJN) are currently trading at -17.22% below its 52 week high and 197.20% above its 52 week low.

Finjan Holdings, Inc. (NASDAQ:FNJN) has been in the news for all the right reasons. Recently, Finjan Holdings, Inc. (NASDAQ:FNJN) announced that it will be presenting at:

The 7th Annual LD Micro Invitational on June 6th at 2:30 PM PT at the Luxe Sunset Boulevard Hotel in Los Angeles, California

Finjan Holdings, Inc. (NASDAQ:FNJN) is all set to announce its earnings on May 15/a. As per Zack’s analyst ratings, Finjan Holdings, Inc. (NASDAQ:FNJN) currently has an average brokerage rating of 1. On a scale of 1 to 5, a rating of 1 or 2 would indicate a buy, and a rating of 4 or 5 would signify a sell recommendation. A rating of 3 would indicate a hold on the stock. The consensus target price on (NASDAQ:FNJN) is $5.36 with a high of $9.28 and a low of $2.8.

Let’s take a look at the technical analysis.

The Barchart Technical Opinion rating is a 56% Buy with a Weakest short term outlook on maintaining the current direction. Longer term, the trend strength is Strong. Long term indicators fully support a continuation of the trend. The market is approaching overbought territory. Be watchful of a trend reversal.

The Exponential Moving Average (EMA) is similar to a simple moving average (average price over a set period) but it utilizes a weighting factor that exponentially declines from the most recent data point (recent prices are weighted higher than oil prices). EMA analysis compares the short term (5 days and 13 days), intermediate term (20 days) and long term (50 days) EMA’s. The respective EMA’s will give bullish signals when trading above trailing EMA’s and below the current price and vice versa. EMA alerts include crossovers (i.e the 5 day EMA crosses above/below the 20 day EMA) and EMA convergencies (5 day EMA equivalent to 13 day EMA). Currently, the 5 day EMA 3.17 is higher than the last trade price suggesting a short term bearish pattern building up. Long term, the 50 day EMA 2.20 is lower than current trading price depicting a bullish signal.

The relative strength index (RSI) is a momentum oscillator that is able to measure the velocity and magnitude of stock price changes. Momentum is calculated as the ratio of positive price changes to negative price changes. The RSI analysis compares the current RSI against neutral(50), oversold (30) and overbought (70) conditions. Alerts will inform you when stocks recede from oversold/overbought levels or breakthrough neutral (50). The current RSI is 63.00 suggesting a bullish price action.

As such, while we believe Finjan Holdings, Inc. (NASDAQ:FNJN) represents a compelling growth story exposed to several secularly attractive markets, it would be interesting to see how it fairs for long-term investors.

Finjan Holdings, Inc. operates as an online security and technology company primarily in the United States. It owns a portfolio of patents related to software that detects malicious code and protects end-users from identity and data theft, spyware, malware, phishing, Trojans and other online threats. Finjan Holdings Inc., formerly known as Converted Organics Inc., is based in New York.

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