Comverge (NASDAQ:COMV) traded at a new 52-week low today of $1.03. Approximately 121,000 shares have changed hands today, as compared to an average 30-day volume of 72,000 shares.
There is potential upside of 129.8% for shares of Comverge based on a current price of $1.07 and an average consensus analyst price target of $2.46. The stock should find initial resistance at its 50-day moving average (MA) of $1.50 and further resistance at its 200-day MA of $2.82.
Comverge Inc. provides environmentally responsible peak electric demand reduction achieved through Demand Response solutions and technologies. The Company implements both integrated and outsourced solution-based models for direct and price responsive load management, remote meter reading, and distributed generation monitoring.
In the past 52 weeks, shares of Comverge have traded between the current low of $1.03 and a high of $7.87 and are now at $1.07. Over the past week, the 200-day moving average (MA) has gone down 2.8% while the 50-day MA has declined 2.6%.
