Leap Wireless (LEAP) – ($5.69) has been upgraded to Buy according to ValuEngine with fair value at $11.77, which makes the stock 50.0% undervalued. The one-year price target is $6.25. ValuEngine Profile – “Leap Wireless is a customer-focused company providing innovative mobile wireless services that are targeted to meet the needs of customers who are under-served by traditional communications companies. With a commitment to predictability, simplicity and value as the foundation of our business, Leap pioneered Cricket? service, a simple and affordable wireless alternative to traditional landline service. Cricket service offers customers unlimited anytime minutes within the Cricket calling area over a high-quality, all-digital CDMA network.”
Analysis – The daily chart for LEAP shows declining momentum with the stock below its 21-day, 50-day and 200-day simple moving averages at $5.90, $5.82 and $5.99. My weekly pivot is $5.91 with a monthly risky level at $6.48.
Courtesy of Thomson / Reuters
|
Ticker |
Company Name |
Mkt Price |
Fair Value |
One-Year Price Target |
Last 12-Mon Retn (%) |
5-Yr Avg Retn (%) |
P/E Ratio |
|
LEAP |
LEAP WIRELESS |
5.69 |
11.77 |
6.25 |
4.26 |
-46.42 |
n/a |
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