Shares of ChannelAdvisor Corporation (NYSE:ECOM) traded at a new 52-week high today of $29.42. This new high was reached on above average trading volume as 277,000 shares traded hands, while the average 30-day volume is approximately 175,000 shares.
In the past 52 weeks, shares of ChannelAdvisor Corporation have traded between a low of $12.95 and a high of $29.42 and is now at $28.06, which is 117% above that low price.
ChannelAdvisor Corp is a provider of Software-as-a-Service solutions for retailers and manufacturers. Its solutions enable clients to integrate and manage its merchandise sales across multiple online channels and are offered on the firm’s cloud-based platform. These solutions include inventory availability, pricing optimization, and data analytics capabilities. The company derives revenue from subscription fees to its Software-as-a-Service platform, which is typically sold on an annual basis. A majority of the firm’s revenue is generated in the United States, but it has a presence in countries across the world.
ChannelAdvisor Corporation (NYSE:ECOM) is currently priced 6.8% above its average consensus analyst price target of $26.14.
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