Volatility Levels in Focus For Exact Sciences Corporation (NASDAQ:EXAS) — Beta Runs to 1.88

After looking for stocks with higher betas, we can see that Exact Sciences Corporation (NASDAQ:EXAS) has a current beta of 1.88. The beta of a stock is typically used as a historical volatility indicator in relation to the overall market. Beta is a measurement of the stock price fluctuation, and may be used to gauge how fast the price may rise or fall. Beta compares the returns of company stock to return of the market as a whole. A beta of 1 would indicate that the stock price moves with the market. A beta below 1 might indicate that the stock is less volatile than the market. A beta above 1 indicates that the stock price is more volatile than the market in theory. Checking in on current price action, company shares had recently touched 95.20. From the session open, shares have moved -0.83%. Investors will be watching to see how the stock reacts to market influences over the next few weeks. As we near the halfway point of the calendar year, investors may be trying to figure out if now is the time to get in on the name, or whether to wait for a better opportunity.

Successful stock market traders and investors don’t usually just become that way overnight. There are often many years of experience behind those winning trades. The amount of data available to investors these days is staggering. Investors have to be able to focus on the provided information and decide which data should be followed and prioritized. Many investors will be keeping a watchful eye on the next round of company earnings reports. As companies start to report quarterly numbers, investors may be able to sift through the data and make some projections on how the stock will perform over the next few quarters.

After a recent check, Exact Sciences Corporation (NASDAQ:EXAS) shares have been seen trading 6.21% away from the 20-day moving average. Zooming out to the 50-day, we can see that shares are currently trading 13.10% off of that mark. Looking at the 200-day moving average, shares have been trading 34.33% away from that value. The moving average uses the sum of all of the previous closing prices over a certain time period and divides the result by the number of prices used in the calculation. Many investors will opt to use multiple time periods when examining moving averages. Moving averages are considered to be lagging indicators, and they may prove to be very useful for spotting peaks and troughs. They may also be used to help the trader calculate sturdy support and resistance levels for the stock.

Investors may be closely monitoring historical stock price performance in order to examine what has been happening with company shares. Let’s take a look at some of the numbers for Exact Sciences Corporation (NASDAQ:EXAS). Stock price performance for the past week is currently noted at 11.51%. If we look back to the beginning of the calendar year, shares have performed 50.87%. Looking back over the past full-year, shares have performed 80.44%. Over the past month, the stock has performed 6.64%. Over the last quarter, the stock has performed 32.61%. Briefly looking at some recent volatility numbers, we can see that shares have been noted at 3.49% for the week, and 4.42% for the past month.

Investors often conduct stock analysis to help figure out which ones are a good buy, and at what price should they get in. The two main types of stock research used by investors are fundamental and technical analysis. Some investors will only study the fundamentals while others will only follow the technicals. Many will choose to combine the two methods in order to get a more well-rounded view of the stock. Fundamental analysis entails following company data. This may include studying the balance sheet, profit and loss statements, and the overall competency of company management. Fundamental analysts often use financial ratios to help understand company information. Technical analysts often study charts in order to define trends. This research is typically not concerned with how the underlying financials of the company look, but how the stock has been trading.

We are also noting that Exact Sciences Corporation (NASDAQ:EXAS) was recently seen trading -2.13% away from the 50-day high and 56.19% separated from the 50-day low. Taking a broader view, the current separation from the 52-week high is -2.13%, and the distance from the 52-week low is currently 154.82%. Let’s also look quickly at some analyst views on company shares. At the time of writing, the consensus target price for the company is $103.73. The consensus recommendation provided by covering sell-side analysts is currently 1.60. This number lands on a scale from 1 to 5. Following this scale, a rating of a 1 or a 2 would indicate a consensus Buy recommendation. A rating of 4 or 5 would represent a consensus Sell recommendation. A rating of 3 would indicate a Hold recommendation.

Traders often employ unique systems when trying to beat the stock market. There are many different trading strategies or systems that can be used. New traders may find out very quickly that trading without a plan is a recipe for ruin. When starting out, it may require a lot of focus and dedication just to stay afloat. With more experience and hard work, traders may be able to eventually scoop up some of those profits that they were expecting when they started out. Some traders may have a few big wins right out of the gate. This may lead to overconfidence in the future if the proper precautions are not taken. Traders constantly need to be paying attention to everything that is going with the stock market. Moves can happen in the blink of an eye and without any notice. Being prepared to take a position at a moment’s notice can pay off big when the opportunity arises.