SeaSpine Holdings Corporation (SPNE)’s Trend Up, Especially After Forming a Bullish Descending Triangle

December 8, 2017 - By Vivian Currie

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 earnings per share, up 32.18 % or $0.28 from last year’s $-0.87 per share. After $-0.58 actual earnings per share 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. The stock of SeaSpine Holdings Corporation (NASDAQ:SPNE) has “Buy” rating given on Tuesday, July 11 by BTIG Research. The firm earned “Buy” rating on Thursday, September 28 by Piper Jaffray. The company was maintained on Friday, August 18 by Piper Jaffray.

More notable recent SeaSpine Holdings Corporation (NASDAQ:SPNE) news were published by: which released: “SeaSpine Holdings Corporation Announces Additions to Management Team” on July 27, 2015, also with their article: “SeaSpine Announces Full Commercial Launch of Mariner Posterior Fixation System” published on July 07, 2017, published: “SeaSpine Holdings’ (SPNE) CEO Keith Valentine on Q1 2017 Results – Earnings …” on May 07, 2017. More interesting news about SeaSpine Holdings Corporation (NASDAQ:SPNE) were released by: and their article: “SeaSpine Holdings’ (SPNE) CEO Keith Valentine on Q2 2017 Results – Earnings …” published on August 06, 2017 as well as‘s news article titled: “The Zacks Analyst Blog Highlights: BioLife Solutions, SeaSpine Holdings …” with publication date: December 01, 2017.

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