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- 1 Shutterstock Inc (NYSE: SSTK) stock price decreased by 9.80% over the last 24 hours.
- 2 Shutterstock Inc (SSTK) stock’s 52-week price range is $46 – $78.
Shutterstock’s earnings were increasing at an average yearly rate of 24.1%, while the Interactive Media and Services sector saw only 3.6% annual growth in earnings. According to Simplywall St., a financial website, the company’s revenues have been rising at an average yearly rate of 7.4%. Shutterstock has a return on equity of 21.7%, and its net margins are 13.4%.
Shutterstock has a debt-to-equity ratio of 5.8%, which means that its total debt of $30.0 Million is much lower than its total shareholder equity of $519.5 Million. This is according to Simplywall St. Its total assets and total liabilities are $1.0 Billion and $484.8 Million, respectively. Shutterstock’s EBIT is $102.6 Million, which gives it an interest coverage ratio of 90.7. It also has cash and short-term investments of $87.1 Million.
Shutterstock (SSTK) stock has a market value of $1.673 Billion and total revenue of $827.826 Billion. Its basic EPS is $3.14 and its price-to-earnings ratio is 16.59. The stock price has fallen by 4.49% this month and 41.39% in the last six months, leading to a negative year-to-date return of 14.21%.
Additionally, the average volume of Shutterstock’s price is 809.192 K and the current volume is 1.499 Million. The volume chart shows that the current volume is higher than average and if buying pressure does not intervene then it may drop further.
Technical Analysis of Shutterstock Price in 1-D Timeframe
The price action shows that Shutterstock Inc (NYSE: SSTK) stock price was on a declining trend for the last three months, decreasing by 24.43%. At the time of writing, SSTK price is trading at $46.41 and has been making lower highs and lower lows after facing rejection from Trendline.
Therefore, the SSTK price could continue to move downwards and reach the first and second targets of $45.62 and $41.95, if it fails to maintain the current level. However, if the AAPL price sustains the current level and rises, then it might hit the nearest resistance levels of $52.96 and $57.30.
The Shutterstock price is below the 20, 50, 100, and 200-day EMAs, which rejects the uptrend, which is showing selling pressure and suggests that if more sellers join in then it might be possible to break the supports one after another over the one-day time frame.
Additionally, the MACD line at 0.3285 and the signal line at 0.3638 are over the zero line, signaling bearishness in the market. Also, the RSI is at 34.69 points and the 14 SMA is above the middle line at 53.84 points, which indicates a downward direction and bearish sentiment in the market of Shutterstock Inc.
Summary
Shutterstock Inc (NYSE: SSTK) indicates that the investors and traders of the stock are bearish on the 1-D time frame. The price action suggests a bearish outlook at the time of publishing. The technical oscillators of the SSTK stock price also support the bearish trend. The major indicators MACD, RSI, and EMA are highlighting negative signals and imply that the downtrend may continue over the Shutterstock price.
Technical Levels:
- The nearest support for Shutterstock prices are $45.62 and $41.95.
- The nearest resistance for Shutterstock prices are $52.96 and $57.30
Disclaimer
In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
