SeaChange International Inc. (SEAC) is soaring on the charts today, up 8.39% to trade at $1.55 at last check in premarket trading. On Friday, shares in SeaChange International Inc. rise 0.70% to close the day at $1.43. The volume of shares traded was 11.58 million, which is higher than the average volume over the last three months of 10.25 million. During the trading session, the stock oscillated between $1.385 and $1.52. The company had an earnings per share ratio of -0.47. SEAC’s stock has lost -7.74% of its value in the previous five sessions and moved 22.22% over the past one month, but has gained 2.14% on year-to-date basis.
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Additionally, The stock’s 50-day moving average of $1.2963 is above the 200-day moving average of $1.1714, with the stock currently trading at an RSI of 52.21.
SeaChange International (SEAC) a global, public supplier of video delivery software and platform announced to release its Fourth Quarter Fiscal report on 13th April 2021. SEAC stock initially saw a 7.74% decline in the last 5 trading sessions, however gained 17.48% premarket, following the news.
About SeaChange International (SEAC)
SeaChange International (NASDAQ: SEAC) provides various platforms with live TV and video on demand (VOD) for millions of global customers. SEAC end-to-end solution also allows operators and content owners to establish direct-to-consumer video streaming services at a reduced cost, to oversee and capitalize the mainstream content with high demand, among all crucial streaming platforms such as Smart-TVs, mobile devices, and Set-Top-Boxes.
Furthermore, savvy announcements by SEAC such as securing a contract worth several million with one of the most expansive broadband services and pricing an underwritten public offering of 10,323,484 shares establishing gross proceeds of $19.1M for the company has further raised investor interest.
Conclusion
SEAC expansion in to direct to consumer video streaming services as well as lucrative contracts and raising huge capital has a better than anticipated outlook for the current quarter with investors expecting a financial surplus in their report for the fourth quarter on April 13th ’21.
