Shares of Staffing 360 Solutions, Inc. (NASDAQ:STAF) are currently poised at 15.85% from the open today and are trading at $0.95. More than 1,310,688 shares have exchanged hands compared to an average trading volume of 281.99K. At the current pps, the market cap stands at $9.02M. The stock prices of Staffing 360 Solutions, Inc. (NASDAQ:STAF) are currently trading at -74.32% below its 52 week high and 111.11% above its 52 week low.
Staffing 360 Solutions, Inc. (NASDAQ:STAF) has been in the news for all the right reasons. Recently, Staffing 360 Solutions, Inc. (NASDAQ:STAF) announced that they recently closed $1.65 million of additional financing with Jackson Investment Group on proportionally similar terms, with the proceeds used to redeem our Series D Preferred Stock. We have now raised over $9.0 million since January.
Staffing 360 Solutions, Inc. (NASDAQ:STAF) is all set to announce its earnings on Apr 19/b. As per Zack’s analyst ratings, Staffing 360 Solutions, Inc. (NASDAQ:STAF) 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:STAF) is $3 with a high of $3 and a low of $3.
Let’s take a look at the technical analysis.
The Barchart Technical Opinion rating is a 72% Buy with a Strongest short term outlook on maintaining the current direction. Longer term, the trend strength is Maximum. Long term indicators mostly agree with the trend.
The 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 oid 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). The long term and short term EMA’s of 0.80 and 0.70 are lower than the current trading price suggesting a bullish pattern in both short term as well as long term. .
The relative strength index (RSI) is a momentum osciallator 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 72.20 suggesting a bullish price action.
As such, while we believe Staffing 360 Solutions, Inc. (NASDAQ:STAF)represents a compelling growth story exposed to several secularly attractive markets, it would be interesting to see how it fairs for long-term investors.
Staffing 360 Solutions, Inc. is engaged in a global buy-and-build strategy through the acquisition of staffing organizations in the US and the UK. Through both organic growth and acquisitions, the Company provides permanent placement services in the finance and accounting, administrative, engineering and IT staffing space. Staffing 360 Solutions, Inc. is headquartered in New York, with its UK headquarters in London.
Looks like investors are in for a nice surprise tomorrow morning. Stay tuned for more updates.