Shares of Sigma Designs (NASDAQ:SIGM) traded today at $5.37, breaking its 52-week low. So far today approximately 117,000 shares have been exchanged, as compared to an average 30-day volume of 197,000 shares.
Sigma Designs (NASDAQ:SIGM) has potential upside of 158.8% based on a current price of $5.41 and analysts' consensus price target of $14.00. The stock should find initial resistance at its 50-day moving average (MA) of $5.88 and further resistance at its 200-day MA of $7.57.
Sigma Designs, Inc. designs, manufactures, and markets high-performance, System-on-a-Chip (SoC) semiconductors. The Company serves markets that include IPTV Set-top Boxes, Blu-ray players, HDTV's, digital media players, and ultra-wideband connectivity markets.
Sigma Designs share prices have moved between a 52-week high of $14.19 and the current low of $5.37 and are currently at $5.41 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.3% while the 200-day MA has slid 2.1%.
