What Next for AutoWeb, Inc. (AUTO) Stock After Achieving 52-Week High?

The stock of AutoWeb, Inc. (NASDAQ:AUTO) hit a new 52-week high and has $5.22 target or 6.00 % above today’s $4.92 share price. The 8 months bullish chart indicates low risk for the $63.89 million company. The 1-year high was reported on Mar, 14 by Barchart.com. If the $5.22 price target is reached, the company will be worth $3.83M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 2.93% or $0.14 during the last trading session, reaching $4.92. About 51,829 shares traded or 5.71% up from the average. AutoWeb, Inc. (NASDAQ:AUTO) has declined 49.64% since March 14, 2018 and is downtrending. It has underperformed by 54.01% the S&P500.

More notable recent AutoWeb, Inc. (NASDAQ:AUTO) news were published by: Nasdaq.com which released: “Why Carvana Stock Popped 10% This Morning – Nasdaq” on March 13, 2019, also Nasdaq.com with their article: “Auto industry woes force bearings maker Schaeffler to cut jobs, shares slump – Nasdaq” published on March 06, 2019, Nasdaq.com published: “5 Futuristic Artificial Intelligence Stocks to Buy – Nasdaq” on February 12, 2019. More interesting news about AutoWeb, Inc. (NASDAQ:AUTO) were released by: Nasdaq.com and their article: “Canadian auto parts maker Magna International’s profit falls 18.4 percent – Nasdaq” published on February 22, 2019 as well as Marketwatch.com‘s news article titled: “Stocks close higher as defensive sectors lead; Nasdaq gains for 7th straight session – MarketWatch” with publication date: February 19, 2019.

AutoWeb, Inc. operates as an automotive marketing services firm in the United States. The company has market cap of $63.89 million. It assists automotive retail dealers and manufacturers to market and sell new and used vehicles to clients through its programs. It currently has negative earnings. The company's products include new vehicle lead program, which allows clients to submit requests for pricing and availability of specific makes and models; and used vehicle lead program, as well as finance leads program, which provides vehicle financing and other services from dealers or financial institutions.

AutoWeb, Inc. (NASDAQ:AUTO) Ratings Chart

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