Sailpoint Inc (NASDAQ:SAIL) shares, rose in value on Thursday, May 08, with the stock price up by 2.23% to the previous day’s close as strong demand from buyers drove the stock to $18.79.
Actively observing the price movement in the last trading, the stock closed the session at $18.38. Referring to stock’s 52-week performance, its high was $26.35, and the low was $15.05. On the whole, SAIL has fluctuated by 14.99% over the past month.
With the market capitalization of Sailpoint Inc currently standing at about $10.46 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June.
The stock’s technical analysis shows that the price of SAIL currently trading nearly 8.13% and -1.10% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 54.95, while the 7-day volatility ratio is showing 7.03% which for the 30-day chart, stands at 6.87%. Furthermore, Sailpoint Inc (SAIL)’s average true range (ATR) is 1.20.
Data on historical trading for Sailpoint Inc (NASDAQ:SAIL) indicates that the trading volumes over the past 3 months, they’ve averaged 2.74 million. According to company’s latest data on outstanding shares, there are 556.58 million shares outstanding.
Nearly 88.86% of Sailpoint Inc’s shares belong to company insiders and institutional investors own 1.72% of the company’s shares. The stock has fallen by -14.59% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SAIL stock heading into the next quarter.
