Powerbridge Technologies (PBTS) Stock Is Rocketing Over 70%: Memes Pushing Stocks To The Moon Again?

During the last trading session, Powerbridge Technologies (PBTS) stock is surging by an astonishingly 70%, rising from $1.8 to $3.05. However, we can observe an anticipated drop of 4% in the coming trading session, diminishing to $2.93. Over the last month, we can see two extra movements, first on June 28, reaching from $1.42 to $2.85, then steadily drop to $1.8, and now it’s performing a new growth.
20170123221516 GettyImages 499806501The stock’s consensus price objective among Wall Street analysts is $7, implying that the stock’s value may rise 234.93% from today’s levels. The predicted low-price target is $7, while the planned high price objective is $7. In such a situation, the company’s latest price level in today’s session is +234.93 percent off the targeted high, whilst a drop would see the stock lose 234.99% from its current levels.

Meanwhile, Powerbridge Technologies was up more than 33% in premarket trading after more than doubling on Tuesday, with 40.8 million shares traded, well above the 12-month average of roughly 560,000. Investors nowadays are skeptical about meme stocks, but they can benefit on a short-term basis by the way.

Richard McEntire

Finance and Entertainment Reporter Richard is a bottle of wine - the older the sweeter. He has already found the sweetest hobby in writing entertainment and finance news for Own Snap. Readers get the updated posts regularly from him searching for real-time news.

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