CoStar stock: buy or sell
Updated on:
Jul 29th, 2021
2
CoStar stock brief
- CoStar stock went down -2.33% to close at $86.95 on the stock market today, after 3 consecutive sessions in red.
- On Tuesday, CoStar presented its Q2 earnings report
Should I buy CoStar stock?
Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $CSGP stock a buy?
Currently, CoStar stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean we expect a selloff for $CSGP in coming sessions, or that it may not climb higher. Simply, it doesn't match our recommended trading systems
Should I sell CoStar stock?
"To sell or not to sell", if you are holding CoStar shares?. Trading strategies help us to avoid impulsive decisions based on our personal moods or the noise that surrounds the market. We like very simple strategies to guide us on when is a good moment to sell our shares. Be aware that these strategies are not intended for selling short $CSGP stock
A guiding principle is that you should never keep a trade that generates higher than expected losses by the time of the buy. When to sell shares should always be determined by the stop-loss (automatic or manual)
Is it time to sell CoStar stock?
Currently, CoStar stock doesn't match any of our preferred sell setups, so if you own CoStar shares and your operation is in profit probably is not time to sell now
CoStar ratings
In the previous 30 days we couldn't find any rating for CoStar
CoStar stock analysis
SMAs overview
Supports and resistances
The current resistance levels are:
The current support levels are:
Bollinger bands
Since the price surpassed the upper band last Friday, the price corrected downwards by 3.67%
Relative strength index
The has been between the the levels of 30 and 70 for many weeks, and therefore, without this indicator really being of any help to us in making any decisions.
CoStar stock price history
CoStar started trading priced at an adjusted price1 of $0.90 on Jul 1998. Since then, CSGP stock surged by 9,561.11%, with an average of 415.70% per year. If you had invested $1,000USD in CoStar stock at that time, it would worth $96,611.11 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for CoStar stock
Nobody knows how much a share will be priced in the future. Banks and financial organisations post their analysis predicting how a particular stock will performance in the future.
Along with buy or sell recommendations, financial institutions release their price forecasts based on the stock price action and the company fundamental data. Most of these predictions follow the publication of new fundamental information by the company, and usually. If you are a small investor you shouldn't invest based on these price targets.
We don't have any target price published in the last 30 days for CoStar.
Earnings and financials
On Tuesday, CoStar ($CSGP) had the investors event and posted the report. CoStar topped market estimates and reported of $0.26, that is a 13.04% improvement versus the forecasts of $0.23. Even so, reported revenues of $480.3 million were in line with analysts predictions.
This compares to Earnings of $0.23 per share same quarter last year, so posted EPS is a gain of 13.04%. Revenue skyrocketed a 16.81% on an annualized basis in the , from $3.9B to $4.6B last quarter.CoStar ($CSGP) is hosting the Q3 earnings call next October.
CoStar performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| CoStar ($CSGP) | 1.60% | 0.20% | -1.40% |
Important note:
The opinions expressed in this article are personal and not recommendations for you to buy or sell stocks. The author of this text does not know the individual scenarios of the reader, his or her finances or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Opinions are provided for education purposes onlyCoStar summary
| Wednesday, July 28th, 2021 | |
|---|---|
| Open | $80 |
| Close | $86.95 |
| Day range | $80 - $87.26 |
| Previous close | $89.02 |
| Session gain | -2.33% |
| Average true range | $1.86 |
| 50d mov avg | $86.01 |
| 100d mov avg | $85.59 |
| 200d mov avg | $86.81 |
| Earnings date | October 26th, 2021 |