Are There Any Catalysts to Propel Shares of Abaxis, Inc. (NASDAQ:ABAX)?

In recent trading action Abaxis, Inc. (NASDAQ:ABAX) stock moved 0.24% landing at $62.44.  This stock has garnered attention of analysts and investors over the past few weeks as the stock has come into mainstream focus.

Let’s take a quick look at how the price of Abaxis, Inc. (NASDAQ:ABAX) is currently trading in comparison to some of its simple moving averages. At current levels, shares have been seen trading 21.34% away from the 20-day moving average. The stock has been recently separated from the 50-day moving average by 26.46%. Using a broader approach, the stock has been trading 28.88% off of the 200-day moving average. After the latest check-in, shares are -0.86% off of the 50 day high and 38.76% away from the 50 day low number.

In terms of performance, shares of Abaxis, Inc. (NASDAQ:ABAX) are 26.09% since the start of 2016. Over the past week, shares are 13.40%. Moving out to look at the previous month performance, the stock is at 31.95%. For the quarter, performance is at 35.62%. During the past six months, Abaxis, Inc. (NASDAQ:ABAX)’s stock has been 20.73% and 26.19% for the last 12 months.

Investors are always on the look for the next great stock to own. Picking the next winner to bolster the portfolio may involve some hard work and a little bit of stock market magic. Sifting through the wealth of information about public companies can be a daunting task.

Many savvy investors will attack the equity markets from many different angles. This may include keeping close tabs on fundamental and technical data. This may also include tracking analyst opinions and following what the big money institutions are buying or selling.

Analyst Views

Wall Street brokerage firms that regularly cover the stock have provided price targets and recommendations on Abaxis, Inc. (NASDAQ:ABAX). According to First Call, the consensus price target for the company is $47.57. The consensus recommendation provided by analysts is currently 3.00. This number is based on a scale from 1 to 5. Analysts rating the company a 1 or 2 indicate a Buy recommendation. Analysts rating the company a 4 or 5 indicate a Sell recommendation. Analysts rating the company a 3 indicate a Hold recommendation.