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Here’s How Your Trade Cenovus Energy Inc. (CVE) Aggressively Right Now

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Cenovus Energy Inc. (NYSE:CVE) went up by 1.11% from its latest closing price compared to the recent 1-year high of $13.78. The company’s stock price has collected 11.64% of gains in the last five trading sessions. Press Release reported on 12/21/21 that Headwater Exploration Inc. Announces Exercise of Warrants Held by Cenovus Energy Inc.

Is It Worth Investing in Cenovus Energy Inc. (NYSE :CVE) Right Now?

Cenovus Energy Inc. (NYSE:CVE) scored a price-to-earnings ratio above its average ratio, recording 49.85 x from its present earnings ratio. Plus, the 36-month beta value for CVE is at 2.98. Opinions of the stock are interesting as 17 analysts out of 19 who provided ratings for Cenovus Energy Inc. declared the stock was a “buy,” while 2 rated the stock as “overweight,” 0 rated it as “hold,” and 0 as “sell.”

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The average price from analysts is $16.70, which is $2.43 above the current price. CVE currently public float of 1.37B and currently shorts hold a 0.93% ratio of that float. Today, the average trading volume of CVE was 9.47M shares.

CVE’s Market Performance

CVE stocks went up by 11.64% for the week, with a monthly jump of 7.78% and a quarterly performance of 21.54%, while its annual performance rate touched 109.95%. The volatility ratio for the week stands at 3.36% while the volatility levels for the past 30 days are set at 3.39% for Cenovus Energy Inc.. The simple moving average for the period of the last 20 days is 12.59% for CVE stocks with a simple moving average of 41.59% for the last 200 days.

CVE Trading at 11.48% from the 50-Day Moving Average

After a stumble in the market that brought CVE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -0.51% of loss for the given period.

Volatility was left at 3.39%, however, over the last 30 days, the volatility rate increased by 3.36%, as shares surge +11.64% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +19.11% upper at present.

During the last 5 trading sessions, CVE rose by +11.64%, which changed the moving average for the period of 200-days by +78.98% in comparison to the 20-day moving average, which settled at $12.25. In addition, Cenovus Energy Inc. saw 11.64% in overturn over a single year, with a tendency to cut further gains.

Stock Fundamentals for CVE

Current profitability levels for the company are sitting at:

  • -12.19 for the present operating margin
  • -9.99 for the gross margin

The net margin for Cenovus Energy Inc. stands at -17.99. The total capital return value is set at -5.99, while invested capital returns managed to touch -8.92. Equity return is now at value 3.80, with 1.70 for asset returns.

Based on Cenovus Energy Inc. (CVE), the company’s capital structure generated 55.78 points at debt to equity in total, while total debt to capital is 35.81. Total debt to assets is 27.67, with long-term debt to equity ratio resting at 53.95. Finally, the long-term debt to capital ratio is 34.63.

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When we switch over and look at the enterprise to sales, we see a ratio of 1.23, with the company’s debt to enterprise value settled at 0.50. The receivables turnover for the company is 9.98 and the total asset turnover is 0.38. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.26.

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