Over the past 52 weeks, the shares of CBS Corporation (NYSE:CBS) has been trading as low as $41.38 before witnessing a massive surge by 15.93% or $6.59. This price movement has led to the CBS stock receiving more attention and has become one to watch out for. It jumped by 0.25% on Sunday and this got the market excited. The stock’s beta now stands at 1.32 and when compared to its 200-day moving average and its 50-day moving average, CBS price stands -9.95% below and -6.56% below respectively. Its average daily volatility for this week is 2.23% which is less than the 3.26% recorded over the past month. The shares of CBS Corporation dropped by -22.11% or -$13.62 from its last recorded high of $61.59 which it attained on January 18 to close at $47.97 per share.
CBS Corporation (CBS) rose 1.7% this week, a trend that has led to both investors and traders taking note of the stock. Over the past one year, the equity price has embarked on a drop that has seen it decline -15.34% and is now up by 9.72% since start of this year. A look at its monthly performance shows that the stock has recorded a -0.56% fall over the past 30 days. Its equity price dipped by -13.61% over the past three months which led to its overall six-month decrease to stand at -18.86%.
A look at CBS technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 49.49 point. Its trading volume has lost -721824 shares compared to readings over the past three months as it recently exchanged 2498176 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 3220000 shares, and this is 0.78 times the normal volume.
Analysts have predicted a price target for Chesapeake Energy Corporation (CHK) for 1 year and it stands at an average $3.11/share. This means that it would likely increase by 14.34% from its current position. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $0.5. On the other hand, one analyst is super bullish about the price, setting a target as high as $5.
The CHK stock Stochastic Oscillator (%D) is at 86.33%, which means that it is currently overbought and its prices could dip very soon. The shares P/S ratio stands at 0.26 which compares to the 99.85 recorded by the industry or the 12.86 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 4.44, which is higher than the 4.41 multiple of 12-month price-earnings (P/E). The company’s earnings have gone up, with a quarterly increase rate of 21.2% over the past five years.
Analysts view Chesapeake Energy Corporation (NYSE:CHK) as a Sell, with 3.4 consensus rating. Reuters surveyed 23 analysts that follow CHK and found that 13 of those analysts rated the stock as a Hold. The remaining 10 were divided, with 4 analyst rating it as a Buy or a Strong Buy while 6 analysts advised investors to desist from buying Chesapeake Energy Corporation (CHK) shares or sell it if they already own it.