SPDR S&P 600 Small Cap Growth (SLYG) Enters Oversold Territory
RSI Analysis: The SPDR S&P 600 Small Cap Growth (SLYG) has an RSI reading of 28.8, indicating potential exhaustion from heavy selling, compared to the S&P 500's 39.2.
Performance Overview: SLYG's shares are currently trading at $89.82, down 1.5% for the day, with a 52-week range between $79.35 and $101.62.
Trade with 70% Backtested Accuracy
Analyst Views on SLYG
About the author
IJT and SLYG ETFs Show Similar Small Cap Growth Exposure
Comparison of Funds: The iShares SP Small-Cap 600 Growth ETF (IJT) has a larger asset base and higher trading liquidity than the State Street SPDR S&P 600 Small Cap Growth ETF (SLYG), but both funds have nearly identical five-year returns and sector allocations.
Expense Ratio and Dividend Yield: SLYG offers a lower expense ratio of 0.15% compared to IJT's 0.18%, along with a slightly higher dividend yield, making it more appealing for income-focused investors.
Performance Overview: Over the past five years, IJT has delivered a total return of 33.43%, while SLYG has slightly outperformed with a return of 33.97%, suggesting that SLYG may be the better option for investors.
Investment Characteristics: Both ETFs provide exposure to U.S. small-cap stocks with strong growth characteristics, featuring similar sector weights and holdings, and are designed to track the S&P SmallCap 600 Growth Index.
Analysis Indicates SLYG Could Reach $111
ETF Analysis: The SPDR S&P 600 Small Cap Growth ETF (SLYG) has an implied analyst target price of $110.51, indicating a potential upside of 15.22% from its current trading price of $95.91.
Notable Holdings: Key underlying holdings with significant upside potential include Ceva Inc (19.76% upside), Central Pacific Financial Corp (17.03% upside), and Apple Hospitality REIT Inc (15.38% upside) based on their respective analyst target prices.
Analyst Target Justification: The article raises questions about whether analysts' target prices are justified or overly optimistic, suggesting that high targets could lead to future downgrades if they do not align with market realities.
Investor Research: Investors are encouraged to conduct further research to assess the validity of analyst targets in light of recent company and industry developments.
Analysts Predict SLYG Will Reach $109
ETF Analysis: The SPDR S&P 600 Small Cap Growth ETF (SLYG) has an implied analyst target price of $108.73, indicating a potential upside of 14.25% from its current trading price of $95.17.
Notable Holdings: Key underlying holdings with significant upside potential include International Seaways Inc (17.37% upside), Energizer Holdings Inc (15.69% upside), and Wolverine World Wide, Inc. (14.69% upside) based on their respective analyst target prices.
SLYG's Core Assets May Indicate a 17% Profit Opportunity
ETF Analysis: The SPDR S&P 600 Small Cap Growth ETF (SLYG) has an implied analyst target price of $108.61, indicating a potential upside of 16.59% from its current trading price of $93.16.
Notable Holdings: Key underlying holdings with significant upside potential include Cogent Communications (CCOI) with a target price 48.85% higher, Payoneer Global (PAYO) with a 47.68% upside, and Innospec (IOSP) expected to rise 44.44% from its recent price.
Explore the Details: SLYG Offers a 15% Potential Gain
ETF Analysis Overview
- Implied Target Price for SLYG: The SPDR S&P 600 Small Cap Growth ETF (SLYG) has an implied analyst target price of $108.32 per unit, based on its underlying holdings.
- Current Trading Price: SLYG is currently trading at approximately $93.97 per unit, indicating a potential upside of 15.27% according to analysts.
Notable Holdings with Upside Potential
- TG Therapeutics Inc (TGTX): TGTX is trading at $29.33 per share, with an average analyst target price of $40.50, suggesting a significant upside of 38.08%.
- Trupanion Inc (TRUP): TRUP's recent share price is $46.36, while the average target price is $57.20, indicating a potential increase of 23.38%.
- Comstock Resources Inc (CRK): CRK is currently priced at $16.11 per share, with an analyst target of $19.64, reflecting an upside of 21.96%.
Analyst Target Price Justification
- Market Sentiment: The article raises questions about whether analysts' target prices are justified or overly optimistic, considering recent developments in the companies and their industries.
- Investor Research: It emphasizes the need for further research by investors to determine the validity of these targets, as high price targets can indicate optimism but may also lead to potential downgrades if they are based on outdated information.
Experts Predict SLYG Will Reach $108
ETF Analysis: The SPDR S&P 600 Small Cap Growth ETF (SLYG) has an implied analyst target price of $107.87, indicating a potential upside of 18.06% from its current trading price of $91.36.
Notable Holdings: Key underlying holdings with significant upside include UFP Technologies Inc. (UFPT), Middlesex Water Co. (MSEX), and Progyny Inc. (PGNY), with expected price increases of 49.86%, 21.19%, and 21.05% respectively.
Analyst Target Justification: There are questions regarding whether analysts' target prices are justified or overly optimistic, considering recent company and industry developments.
Investor Research Needed: Investors are encouraged to conduct further research to determine the validity of these analyst targets and their implications for future stock performance.
IJT and SLYG ETFs Show Similar Small Cap Growth Exposure
Comparison of Funds: The iShares SP Small-Cap 600 Growth ETF (IJT) has a larger asset base and higher trading liquidity than the State Street SPDR S&P 600 Small Cap Growth ETF (SLYG), but both funds have nearly identical five-year returns and sector allocations.
Expense Ratio and Dividend Yield: SLYG offers a lower expense ratio of 0.15% compared to IJT's 0.18%, along with a slightly higher dividend yield, making it more appealing for income-focused investors.
Performance Overview: Over the past five years, IJT has delivered a total return of 33.43%, while SLYG has slightly outperformed with a return of 33.97%, suggesting that SLYG may be the better option for investors.
Investment Characteristics: Both ETFs provide exposure to U.S. small-cap stocks with strong growth characteristics, featuring similar sector weights and holdings, and are designed to track the S&P SmallCap 600 Growth Index.
Analysis Indicates SLYG Could Reach $111
ETF Analysis: The SPDR S&P 600 Small Cap Growth ETF (SLYG) has an implied analyst target price of $110.51, indicating a potential upside of 15.22% from its current trading price of $95.91.
Notable Holdings: Key underlying holdings with significant upside potential include Ceva Inc (19.76% upside), Central Pacific Financial Corp (17.03% upside), and Apple Hospitality REIT Inc (15.38% upside) based on their respective analyst target prices.
Analyst Target Justification: The article raises questions about whether analysts' target prices are justified or overly optimistic, suggesting that high targets could lead to future downgrades if they do not align with market realities.
Investor Research: Investors are encouraged to conduct further research to assess the validity of analyst targets in light of recent company and industry developments.
Analysts Predict SLYG Will Reach $109
ETF Analysis: The SPDR S&P 600 Small Cap Growth ETF (SLYG) has an implied analyst target price of $108.73, indicating a potential upside of 14.25% from its current trading price of $95.17.
Notable Holdings: Key underlying holdings with significant upside potential include International Seaways Inc (17.37% upside), Energizer Holdings Inc (15.69% upside), and Wolverine World Wide, Inc. (14.69% upside) based on their respective analyst target prices.
SLYG's Core Assets May Indicate a 17% Profit Opportunity
ETF Analysis: The SPDR S&P 600 Small Cap Growth ETF (SLYG) has an implied analyst target price of $108.61, indicating a potential upside of 16.59% from its current trading price of $93.16.
Notable Holdings: Key underlying holdings with significant upside potential include Cogent Communications (CCOI) with a target price 48.85% higher, Payoneer Global (PAYO) with a 47.68% upside, and Innospec (IOSP) expected to rise 44.44% from its recent price.
Explore the Details: SLYG Offers a 15% Potential Gain
ETF Analysis Overview
- Implied Target Price for SLYG: The SPDR S&P 600 Small Cap Growth ETF (SLYG) has an implied analyst target price of $108.32 per unit, based on its underlying holdings.
- Current Trading Price: SLYG is currently trading at approximately $93.97 per unit, indicating a potential upside of 15.27% according to analysts.
Notable Holdings with Upside Potential
- TG Therapeutics Inc (TGTX): TGTX is trading at $29.33 per share, with an average analyst target price of $40.50, suggesting a significant upside of 38.08%.
- Trupanion Inc (TRUP): TRUP's recent share price is $46.36, while the average target price is $57.20, indicating a potential increase of 23.38%.
- Comstock Resources Inc (CRK): CRK is currently priced at $16.11 per share, with an analyst target of $19.64, reflecting an upside of 21.96%.
Analyst Target Price Justification
- Market Sentiment: The article raises questions about whether analysts' target prices are justified or overly optimistic, considering recent developments in the companies and their industries.
- Investor Research: It emphasizes the need for further research by investors to determine the validity of these targets, as high price targets can indicate optimism but may also lead to potential downgrades if they are based on outdated information.
Experts Predict SLYG Will Reach $108
ETF Analysis: The SPDR S&P 600 Small Cap Growth ETF (SLYG) has an implied analyst target price of $107.87, indicating a potential upside of 18.06% from its current trading price of $91.36.
Notable Holdings: Key underlying holdings with significant upside include UFP Technologies Inc. (UFPT), Middlesex Water Co. (MSEX), and Progyny Inc. (PGNY), with expected price increases of 49.86%, 21.19%, and 21.05% respectively.
Analyst Target Justification: There are questions regarding whether analysts' target prices are justified or overly optimistic, considering recent company and industry developments.
Investor Research Needed: Investors are encouraged to conduct further research to determine the validity of these analyst targets and their implications for future stock performance.
