BITA trading volume has added 626027 shares compared to readings over the past three months as it recently exchanged 1391177 shares. This means there is improved activity from short-term traders as per session, its average trading volume is 765150 shares, and this is 1.82 times the normal volume. A look at its technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 48.13 point.
Bitauto Holdings Limited (NYSE:BITA) dipped by -14.83% over the past three months which led to its overall six-month decrease to stand at -30.83%. The equity price sank -8.61% this week, a trend that has led to both investors and traders taking note of the stock. A look at its monthly performance shows that its shares have recorded a -5.09% fall over the past 30 days. Over the past 12 months the stock has embarked on a drop that has seen it decline -40.79% and is now down by -42.58% since start of this year.
The shares of Bitauto Holdings Limited dropped by -53.82% or -$21.28 from its last recorded high of $39.54 which it attained on January 23 to close at $18.26 per share. Over the past 52 weeks, the shares of Bitauto Holdings Limited has been trading as low as $15.61 before witnessing a massive surge by 16.98% or $2.65. This price movement has led to the BITA stock receiving more attention and has become one to watch out for. It dipped by -2.41% on Thursday and this got the market worried. The stock’s beta now stands at 2.77 and when compared to its 200-day moving average and its 50-day moving average, BITA price stands -19.03% below and -6.33% below respectively. Its average daily volatility for this week is 7.78% which is more than the 6.67% recorded over the past month.
Experts from research firms are bullish about the near-term performance of Bitauto Holdings Limited (BITA) with most of them predicting a $25.11 price target on a short-term (12 months) basis. The average price target by the analysts will see a 37.51% rise in the stock and would lead to BITA’s market cap to surge to $1.73B. The stock has been rated an average 2.4, which roughly stands towards the bearish end of the spectrum. Reuters looked into the 8 analysts that track Bitauto Holdings Limited (NYSE:BITA) and find out that 4 of them rated it as a Hold. 4 of the 4 analysts rated it as a Buy or a Strong Buy while 0 advised investors to desist from buying the stock or sell it if they already possess it.
The price of Cimarex Energy Co. (NYSE:XEC) currently stands at $75.4 after it went down by $-5.52 or -6.82% and has found a strong support at $72.7 a share. If the XEC price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $70 mark would also be bad for the stock as it means that the stock would plunge by 7.16% from its current position. However, if the stock price is able to trade above the resistance point around $78.41, then it could likely surge higher to try and break the upward resistance which stands at $81.42 a share. Its average daily volatility over the past one month stands at 4.37%. The stock has plunged by 3.17% from its 52-weeks high of $73.01 which it reached on Jan. 12, 2018. In general, it is -2.96% above its 52-weeks lowest point which stands at $77.63 and this setback was observed on Dec. 06, 2018.
Analysts have predicted a price target for Cimarex Energy Co. (XEC) for 1 year and it stands at an average $121.5/share. This means that it would likely increase by 61.14% from its current position. The current price of the stock has been moving between $73.01 and $78.72. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $92. On the other hand, one analyst is super bullish about the price, setting a target as high as $171.
The XEC stock Stochastic Oscillator (%D) is at 36.26%, which means that it is currently neutral. The shares P/S ratio stands at 3.24 which compares to the 99.8 recorded by the industry or the 10.77 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 8, which is lower than the 12.2 multiple of 12-month price-earnings (P/E). The company’s earnings have gone up, with a quarterly increase rate of 2.2% over the past five years.
Analysts view Cimarex Energy Co. (NYSE:XEC) as a Buy, with 2 consensus rating. Reuters surveyed 25 analysts that follow XEC and found that 8 of those analysts rated the stock as a Hold. The remaining 17 were divided, with 17 analyst rating it as a Buy or a Strong Buy while 0 analysts advised investors to desist from buying Cimarex Energy Co. (XEC) shares or sell it if they already own it.