In the past week, CVE stock has gone up by 9.80%, with a monthly gain of 6.41% and a quarterly plunge of -6.69%. The volatility ratio for the week is 3.34%, and the volatility levels for the last 30 days are 2.88% for Cenovus Energy Inc The simple moving average for the last 20 days is 8.80% for CVE stock, with a simple moving average of -1.14% for the last 200 days.
Is It Worth Investing in Cenovus Energy Inc (NYSE: CVE) Right Now?
Cenovus Energy Inc (NYSE: CVE) has a higher price-to-earnings ratio of 9.82x compared to its average ratio. CVE has 36-month beta value of 2.05. Analysts have mixed views on the stock, with 6 analysts rating it as a “buy,” 1 as “overweight,” 6 as “hold,” and 1 as “sell.”
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The public float for CVE is 1.30B, and currently, short sellers hold a 2.08% ratio of that float. The average trading volume of CVE on October 07, 2024 was 7.69M shares.
CVE) stock’s latest price update
Cenovus Energy Inc (NYSE: CVE) has seen a rise in its stock price by 2.41 in relation to its previous close of 17.84. However, the company has experienced a 9.80% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2024-09-29 that Cenovus Energy has been an integrated producer for a short time. But it has a growth story that goes back a decade. Both stories should result in a higher valuation. The company’s strategic cost-cutting and optimization efforts continue to bear positive results, which enhances the growth story. Cenovus Energy should perform better in a cyclical downturn as an integrated company than it did as a thermal upstream producer (subject to the thermal discount enlarging).
CVE Trading at 1.44% 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 -16.16% of loss for the given period.
Volatility was left at 2.88%, however, over the last 30 days, the volatility rate increased by 3.34%, as shares surge +8.43% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -7.54% lower at present.
During the last 5 trading sessions, CVE rose by +9.80%, which changed the moving average for the period of 200-days by +11.54% in comparison to the 20-day moving average, which settled at $16.86. In addition, Cenovus Energy Inc saw 10.27% 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:
- 0.12 for the present operating margin
- 0.18 for the gross margin
The net margin for Cenovus Energy Inc stands at 0.08. The total capital return value is set at 0.14. Equity return is now at value 16.63, with 8.68 for asset returns.
Based on Cenovus Energy Inc (CVE), the company’s capital structure generated 0.2 points at debt to capital in total, while cash flow to debt ratio is standing at 1.35. The debt to equity ratio resting at 0.26. The interest coverage ratio of the stock is 10.85.
Currently, EBITDA for the company is 10.27 billion with net debt to EBITDA at 0.57. When we switch over and look at the enterprise to sales, we see a ratio of 0.93. The receivables turnover for the company is 14.69for trailing twelve months and the total asset turnover is 1.02. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.66.
Conclusion
To put it simply, Cenovus Energy Inc (CVE) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
