Cenovus Energy Inc. (NYSE:CVE) went down by -5.18% from its latest closing price compared to the recent 1-year high of $24.91. The company’s stock price has collected -19.12% of loss in the last five trading sessions.
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 25.79 x from its present earnings ratio. Plus, the 36-month beta value for CVE is at 2.38. Opinions of the stock are interesting as 15 analysts out of 17 who provided ratings for Cenovus Energy Inc. declared the stock was a “buy,” while 1 rated the stock as “overweight,” 1 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $25.74, which is $4.03 above the current price. CVE currently public float of 1.42B and currently shorts hold a 1.29% ratio of that float. Today, the average trading volume of CVE was 11.16M shares.
CVE’s Market Performance
CVE stocks went down by -19.12% for the week, with a monthly drop of -8.24% and a quarterly performance of 24.14%, while its annual performance rate touched 96.79%. The volatility ratio for the week stands at 6.04% while the volatility levels for the past 30 days are set at 3.74% for Cenovus Energy Inc. The simple moving average for the period of the last 20 days is -16.28% for CVE stocks with a simple moving average of 28.74% for the last 200 days.
CVE Trading at -5.70% 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 -23.60% of loss for the given period.
Volatility was left at 3.74%, however, over the last 30 days, the volatility rate increased by 6.04%, as shares sank -9.90% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +15.68% upper at present.
During the last 5 trading sessions, CVE fell by -19.12%, which changed the moving average for the period of 200-days by +128.73% in comparison to the 20-day moving average, which settled at $22.63. In addition, Cenovus Energy Inc. saw 54.97% 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:
- +10.55 for the present operating margin
- +12.38 for the gross margin
The net margin for Cenovus Energy Inc. stands at +1.27. Equity return is now at value 8.30, with 3.60 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 1.64.