Datawatch (DWCH) Receives Coverage Optimism Rating of 0.08

Press coverage about Datawatch (NASDAQ:DWCH) has been trending somewhat positive recently, according to Accern. The research firm identifies negative and positive press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Datawatch earned a media sentiment score of 0.08 on Accern’s scale. Accern also assigned news articles about the technology company an impact score of 46.8156516396287 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

Shares of Datawatch traded up $0.10, reaching $9.40, on Wednesday, reports. The company’s stock had a trading volume of 200 shares, compared to its average volume of 54,288. The firm has a market cap of $118.38 million, a price-to-earnings ratio of -85.45 and a beta of 1.11. Datawatch has a 52 week low of $7.45 and a 52 week high of $12.65. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.26.

Datawatch (NASDAQ:DWCH) last posted its earnings results on Wednesday, April 25th. The technology company reported ($0.02) EPS for the quarter, hitting the Zacks’ consensus estimate of ($0.02). The business had revenue of $9.40 million during the quarter, compared to analyst estimates of $9.80 million. Datawatch had a negative return on equity of 2.61% and a negative net margin of 15.72%. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter last year, the company earned ($0.02) EPS.

A number of research analysts recently weighed in on the company. ValuEngine raised Datawatch from a “hold” rating to a “buy” rating in a research report on Saturday, June 2nd. National Securities reissued a “buy” rating and issued a $13.50 target price on shares of Datawatch in a report on Thursday, April 26th. Finally, Zacks Investment Research raised Datawatch from a “sell” rating to a “hold” rating in a report on Wednesday, March 7th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Datawatch currently has a consensus rating of “Buy” and a consensus target price of $13.38.

About Datawatch

Datawatch Corporation designs, develops, markets, and distributes business computer software products to self-service data preparation and visual data discovery markets in the United States and internationally. Its software solutions allow organizations to access, analyze, and visualize their information.

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