In the past week, CVE stock has gone down by -0.48%, with a monthly gain of 8.42% and a quarterly surge of 39.75%. The volatility ratio for the week is 2.74%, and the volatility levels for the last 30 days are 2.14% for Cenovus Energy Inc The simple moving average for the last 20 days is 1.30% for CVE stock, with a simple moving average of 13.48% for the last 200 days.
Is It Worth Investing in Cenovus Energy Inc (NYSE: CVE) Right Now?
The price-to-earnings ratio for Cenovus Energy Inc (NYSE: CVE) is above average at 13.22x. The 36-month beta value for CVE is also noteworthy at 2.11. There are mixed opinions on the stock, with 6 analysts rating it as a “buy,” 1 rating it as “overweight,” 6 rating it as “hold,” and 1 rating it as “sell.”
The public float for CVE is 1.32B, and at present, short sellers hold a 2.14% of that float. The average trading volume of CVE on April 22, 2024 was 11.62M shares.
CVE) stock’s latest price update
The stock price of Cenovus Energy Inc (NYSE: CVE) has surged by 0.92 when compared to previous closing price of 20.66, but the company has seen a -0.48% decline in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-17 that Cenovus (CVE) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
CVE Trading at 11.07% 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 -4.79% of loss for the given period.
Volatility was left at 2.14%, however, over the last 30 days, the volatility rate increased by 2.74%, as shares surge +7.92% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +31.13% upper at present.
During the last 5 trading sessions, CVE fell by -0.48%, which changed the moving average for the period of 200-days by +21.22% in comparison to the 20-day moving average, which settled at $20.66. In addition, Cenovus Energy Inc saw 25.23% 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 1.12. 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
In summary, Cenovus Energy Inc (CVE) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
