Shares of Pieris Pharmaceuticals, Inc. (NASDAQ:PIRS) are on our watchlist today as the stock has moved -0.32% from the open, touching $3.10 on a recent trade. While the stock has a nice low price tag to it, does it have any value?

Here we’ll take a quick glance at how the stock price is currently trading in relation to some of its simple moving averages. At current levels, Pieris Pharmaceuticals, Inc. (NASDAQ:PIRS) shares have been seen trading -7.27% away from the 20-day moving average. The stock has been recently separated from the 50-day moving average by -2.13%. Using a broader approach, shares have been trading -24.01% off of the 200-day moving average. After the latest check-in, company stock is -22.50% off of the 50 day high and 13.97% away from the 50 day low price.

Investors will be closely watching which way market momentum will shift as we cruise into the back half of the year. Earnest investors will most likely be pouring over the latest earnings reports trying to spot buying opportunities. Many investors will pay especially close attention to companies that have posted large surprise factors over the past quarter. As the dust settles, investors might be monitoring stock price activity following the earning release in order to set up a plan for trading around the next earnings season.   

In terms of performance, shares of Pieris Pharmaceuticals, Inc. (NASDAQ:PIRS) are 16.54% since the start of 2016. Over the past week, shares are -10.92%. Moving out to look at the previous month performance, the stock is at -7.19%. For the quarter, performance is at 6.16%. During the past six months, Pieris Pharmaceuticals, Inc. (NASDAQ:PIRS)’s stock has been -38.61% and -51.79% for the last 12 months.

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Disclaimer: The views, opinions, and information expressed in this article are those of the authors and do not necessarily reflect the official policy or position of any company stakeholders, financial professionals, or analysts. Examples of analysis performed within this article are only examples. They should not be utilized to make stock portfolio or financial decisions as they are based only on limited and open source information. Assumptions made within the analysis are not reflective of the position of any analysts or financial professionals.