Shares of Social Reality Inc. (NASDAQ:SRAX) dropped 0.9% during mid-day trading on Wednesday . The stock traded as low as $2.75 and last traded at $2.91. Approximately 758,548 shares traded hands during mid-day trading, an increase of 101% from the average daily volume of 378,063 shares. The stock had previously closed at $2.94.
SRAX has been the topic of several recent analyst reports. Chardan Capital reissued a “buy” rating and issued a $5.00 target price (down from $9.00) on shares of Social Reality in a research note on Monday, July 17th. Zacks Investment Research cut Social Reality from a “hold” rating to a “sell” rating in a research note on Thursday, July 20th.
The stock’s market cap is $24.62 million. The firm’s 50 day moving average is $1.76 and its 200-day moving average is $1.63.
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About Social Reality
Social Reality, Inc is an Internet advertising and platform technology company. The Company provides tools to automate the digital advertising market. It is engaged in the sales of digital media advertising campaigns to advertising agencies and brands; sales of media inventory through real-time bidding (RTB) exchanges; sale and licensing of its SRAX Social platform and related media, and creation of custom platforms for buying media on SRAX for various brands.
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