Sprint Nextel Corporation (NYSE:S) recently unveiled a plan to expand its 4G LTE network as fast as it can. In October, the carrier declared its plan to launch LTE in 22 additional U.S. markets over the next few months and now another nine U.S. cities have been added to the list. The nine new cities where the fast 4G LTE will be rolled out include: Minneapolis/St. Paul, Minnesota; Oakland/Fremont/Haward, California; Key West, Florida; Fort Smith, Arkansas; Michigan City/La Port, Indiana; Bloomington, Indiana; Eau Claire, Wisconsin; Ardmore, Oklahoma; and McAllen/Edinburg/Mission, Texas.
Where the stock is moving now?
Shares of Sprint Nextel (S) traded down -1.61% during last trading session, closing at $5.49. The share price of Sprint Nextel traded yesterday in a range of $5.43 to $5.62. The company now has a market value of $16.50 billion.
Is current price trend good or bad?
The stock, after recent close, is 1.60% up their SMA 50 and 9.11% off the 52-week high. The worst hit in its 52 week range is $2.10 per share, with $6.04 as its 52 week best price that compares with a latest closing price of $5.49. Its most recent closing price has a distance of -2.67% from SMA20 and is 50.17% up than SMA200.
Now compare performances of this stock in different time periods.
With recent decline, the year-to-date (YTD) performance reflected a 134.62% gain above last year. During the past month the stock dropped -4.19%, bringing three-month performance to +10.02% and six-month performance to +122.27%.
How much risky is this stock?
For this company, beta value at 1.11 represents it is more volatile to the shift in the market. If we take a look on its volatility, 2.07% was seen in a week and for the month it was 2.31%.
Not enough? See what Wall Street analysts think about this company.
For the stock, mean recommendation this week is 2.5. Sharing price target summary; nearly 25 brokerages have a mean PT as $6.41 and median PT of $6.25 while the highest price target set by those rating agencies was $9.20 and lowest PT was $2.00.