Novatel Wireless Inc. (MIFI) Stock Price Up 14.4%
Novatel Wireless Inc. (NASDAQ:MIFI) shares rose 14.4% on Thursday . The stock traded as high as $2.16 and last traded at $2.15, with a volume of 920,386 shares. The stock had previously closed at $1.88.
MIFI has been the topic of several research reports. Canaccord Genuity reaffirmed a “hold” rating and issued a $2.50 target price on shares of Novatel Wireless in a research report on Tuesday, May 10th. Zacks Investment Research lowered Novatel Wireless from a “hold” rating to a “sell” rating in a report on Wednesday, June 1st. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $3.25.
The company’s 50-day moving average price is $1.66 and its 200 day moving average price is $1.50. The company’s market cap is $110.01 million.
Novatel Wireless, Inc is a provider of intelligent wireless solutions for the mobile communications market. The Company’s range of products includes intelligent mobile hotspots, universal serial bus (USB) modems, embedded modules, integrated asset-management and mobile tracking machine-to-machine (M2M) devices, communications and applications software and cloud services.