A look at its monthly performance shows that Denbury Resources Inc. (NYSE:DNR) has recorded a -21.83% fall over the past 30 days. Over the past 12 months the stock has embarked on a drop that has seen it decline -2.72% and is now up by 4.68% since start of this year. The equity price sank -13.94% this week, a trend that has led to both investors and traders taking note of the stock. Its equity price dipped by -44.41% over the past three months which led to its overall six-month decrease to stand at -58.08%.
Experts from research firms are bullish about the near-term performance of Denbury Resources Inc. with most of them predicting a $3.63 price target on a short-term (12 months) basis. The average price target by the analysts will see a 102.79% rise in the stock and would lead to DNR’s market cap to surge to $1.81B. The stock has been rated an average 3.1, which roughly stands towards the bearish end of the spectrum. Reuters looked into the 11 analysts that track Denbury Resources Inc. (NYSE:DNR) and find out that 8 of them rated it as a Hold. 1 of the 3 analysts rated it as a Buy or a Strong Buy while 2 advised investors to desist from buying the stock or sell it if they already possess it.
A look at DNR technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 38.22 point. Its trading volume has lost -5081068 shares compared to readings over the past three months as it recently exchanged 7958932 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 13040000 shares, and this is 0.61 times the normal volume.
The price of Ascena Retail Group, Inc. (NASDAQ:ASNA) currently stands at $2.35 after it went up by $0.06 or 2.62% and has found a strong support at $2.25 a share. If the ASNA price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $2.16 mark would also be bad for the stock as it means that the stock would plunge by 8.09% from its current position. However, if the stock price is able to trade above the resistance point around $2.43, then it could likely surge higher to try and break the upward resistance which stands at $2.51 a share. Its average daily volatility over the past one month stands at 7.53%. The stock has plunged by 4.68% from its 52-weeks high of $2.24 which it reached on Aug. 22, 2018. In general, it is 22.55% above its 52-weeks lowest point which stands at $1.82 and this setback was observed on Feb. 12, 2018.
Analysts have predicted a price target for Ascena Retail Group, Inc. (ASNA) for 1 year and it stands at an average $2.67/share. This means that it would likely increase by 13.62% from its current position. The current price of the stock has been moving between $2.24 and $2.415. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $2. On the other hand, one analyst is super bullish about the price, setting a target as high as $3.
The ASNA stock Stochastic Oscillator (%D) is at 25.46%, which means that it is currently oversold and its prices could jump very soon. The shares P/S ratio stands at 0.07 which compares to the 1.66 recorded by the industry or the 129 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 587.5, which is higher than the 0 multiple of 12-month price-earnings (P/E). The company’s earnings have gone down, with a quarterly decrease rate of -19.9% over the past five years.
Analysts view Ascena Retail Group, Inc. (NASDAQ:ASNA) as a Buy, with 0 consensus rating. Reuters surveyed 5 analysts that follow ASNA and found that 4 of those analysts rated the stock as a Hold. The remaining 1 were divided, with 0 analyst rating it as a Buy or a Strong Buy while 1 analysts advised investors to desist from buying Ascena Retail Group, Inc. (ASNA) shares or sell it if they already own it.