The stock of Cenovus Energy Inc (CVE) has gone up by 3.64% for the week, with a 15.12% rise in the past month and a 20.37% rise in the past quarter. The volatility ratio for the week is 1.42%, and the volatility levels for the past 30 days are 1.93% for CVE. The simple moving average for the last 20 days is 7.59% for CVE stock, with a simple moving average of 11.02% for the last 200 days.
Is It Worth Investing in Cenovus Energy Inc (NYSE: CVE) Right Now?
Cenovus Energy Inc (NYSE: CVE) has a price-to-earnings ratio that is above its average at 12.72x. The stock has a 36-month beta value of 2.16. Opinions on the stock are mixed, with 6 analysts rating it as a “buy,” 1 as “overweight,” 6 as “hold,” and 1 as “sell.”
The public float for CVE is 1.32B, and at present, short sellers hold a 2.14% of that float. On April 01, 2024, the average trading volume of CVE was 11.74M shares.
CVE) stock’s latest price update
Cenovus Energy Inc (NYSE: CVE) has seen a rise in its stock price by 0.37 in relation to its previous close of 19.99. However, the company has experienced a 3.64% gain in its stock price over the last five trading sessions. InvestorPlace reported 2024-03-26 that Energy stocks – particularly those focused on natural gas – look particularly interesting at the moment. natural gas prices plunged by 62% in 2023.
CVE Trading at 16.00% 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 -6.11% of loss for the given period.
Volatility was left at 1.93%, however, over the last 30 days, the volatility rate increased by 1.42%, as shares surge +13.42% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +34.73% upper at present.
During the last 5 trading sessions, CVE rose by +3.69%, which changed the moving average for the period of 200-days by +18.37% in comparison to the 20-day moving average, which settled at $18.77. In addition, Cenovus Energy Inc saw 20.51% 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:
- 0.11 for the present operating margin
- 0.2 for the gross margin
The net margin for Cenovus Energy Inc stands at 0.08. The total capital return value is set at 0.12. Equity return is now at value 14.49, with 7.43 for asset returns.
Based on Cenovus Energy Inc (CVE), the company’s capital structure generated 0.21 points at debt to capital in total, while cash flow to debt ratio is standing at 0.97. The debt to equity ratio resting at 0.26. The interest coverage ratio of the stock is 8.5.
Currently, EBITDA for the company is 10.27 billion with net debt to EBITDA at 0.74. When we switch over and look at the enterprise to sales, we see a ratio of 1.08. The receivables turnover for the company is 17.12for trailing twelve months and the total asset turnover is 1.01. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.56.
Conclusion
To sum up, Cenovus Energy Inc (CVE) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
