SeaSpine Holdings Corporation (SPNE)’s Bullish Descending Triangle Chart Pattern Points to Lower Stock Risks

December 8, 2017 - By Vivian Park

The stock of SeaSpine Holdings Corporation (SPNE) formed a descending triangle with $10.64 target or 7.00 % above today’s $9.94 share price. The 5 months triangle pattern indicates low risk for the $133.49M company. If the $10.64 price target is reached, the company will be worth $9.34M more.
The descending triangle is in our view more reliable than the ascending one. The descending triangle pattern has break even failure rate for up and down breakouts of 7% and 16%, respectively. The average rise and decline is 47% and 16%. The throwback or so called pullback rates are: 37% and 54%. The stocks meeting their targets is high for this type of breakout: 84% and 54% percent.

The stock decreased 0.50% or $0.05 during the last trading session, reaching $9.94. About 14,216 shares traded. SeaSpine Holdings Corporation (NASDAQ:SPNE) has risen 6.47% since December 8, 2016 and is uptrending. It has underperformed by 10.23% the S&P500.

Analysts await SeaSpine Holdings Corporation (NASDAQ:SPNE) to report earnings on March, 1. They expect $-0.59 EPS, up 32.18 % or $0.28 from last year’s $-0.87 per share. After $-0.58 actual EPS reported by SeaSpine Holdings Corporation for the previous quarter, Wall Street now forecasts 1.72 % negative EPS growth.

SeaSpine Holdings Corporation (NASDAQ:SPNE) Ratings Coverage

Among 3 analysts covering SeaSpine Hldgs (NASDAQ:SPNE), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. SeaSpine Hldgs had 5 analyst reports since June 21, 2017 according to SRatingsIntel. Piper Jaffray maintained the stock with “Buy” rating in Thursday, September 28 report. BTIG Research maintained it with “Buy” rating and $1700 target in Tuesday, July 11 report. The rating was maintained by Piper Jaffray with “Buy” on Friday, August 18.

More notable recent SeaSpine Holdings Corporation (NASDAQ:SPNE) news were published by: Globenewswire.com which released: “SeaSpine® Announces Full Commercial Launch of Vu a∙PODâ„¢ Prime NanoMetalene …” on January 31, 2017, also Seekingalpha.com with their article: “SeaSpine Holdings’ (SPNE) CEO Keith Valentine on Q2 2017 Results – Earnings …” published on August 06, 2017, Quotes.Wsj.com published: “SeaSpine Holdings Corp.” on July 03, 2015. More interesting news about SeaSpine Holdings Corporation (NASDAQ:SPNE) were released by: Seekingalpha.com and their article: “SeaSpine Holdings’ (SPNE) CEO Keith Valentine on Q1 2017 Results – Earnings …” published on May 07, 2017 as well as Nasdaq.com‘s news article titled: “The Zacks Analyst Blog Highlights: BioLife Solutions, SeaSpine Holdings …” with publication date: December 01, 2017.

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