On Tap for This Week: Chico’s FAS, Inc. (CHS), Cenovus Energy Inc. (CVE)?

Chico’s FAS, Inc. (CHS) sank -2.04% 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 -40.25% and is now up by 2.49% since start of this year. A look at its monthly performance shows that the stock has recorded a -2.87% fall over the past 30 days. Its equity price dipped by -26.44% over the past three months which led to its overall six-month decrease to stand at -39.43%.

Experts from research firms are bullish about the near-term performance of Chico’s FAS, Inc. with most of them predicting a $5.3 price target on a short-term (12 months) basis. The average price target by the analysts will see a -7.99% rise in the stock and would lead to CHS’s market cap to surge to $670.98M. The stock has been rated an average 3, which roughly stands towards the bearish end of the spectrum. Reuters looked into the 8 analysts that track Chico’s FAS, Inc. (NYSE:CHS) and find out that 6 of them rated it as a Hold. 1 of the 2 analysts rated it as a Buy or a Strong Buy while 1 advised investors to desist from buying the stock or sell it if they already possess it.

A look at CHS technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 45.11 point. Its trading volume has lost -2590619 shares compared to readings over the past three months as it recently exchanged 1719381 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 4310000 shares, and this is 0.4 times the normal volume.

The price of Cenovus Energy Inc. (NYSE:CVE) currently stands at $7.55 after it went up by $0.06 or 0.8% and has found a strong support at $7.32 a share. If the CVE price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $7.09 mark would also be bad for the stock as it means that the stock would plunge by 6.09% from its current position. However, if the stock price is able to trade above the resistance point around $7.69, then it could likely surge higher to try and break the upward resistance which stands at $7.83 a share. Its average daily volatility over the past one month stands at 3.14%. The stock has plunged by 4.24% from its 52-weeks high of $7.23 which it reached on May. 22, 2018. In general, it is 18.54% above its 52-weeks lowest point which stands at $6.15 and this setback was observed on Dec. 26, 2018.

Analysts have predicted a price target for Cenovus Energy Inc. (CVE) for 1 year and it stands at an average $13.41/share. This means that it would likely increase by 77.62% from its current position. The current price of the stock has been moving between $7.23 and $7.6. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $9.27. On the other hand, one analyst is super bullish about the price, setting a target as high as $19.

The CVE stock Stochastic Oscillator (%D) is at 24.33%, which means that it is currently oversold and its prices could jump very soon. The shares P/S ratio stands at 0.58 which compares to the 0.7 recorded by the industry or the 10.36 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 13.9, which is higher than the 0 multiple of 12-month price-earnings (P/E). The company’s earnings have gone up, with a quarterly increase rate of 9.4% over the past five years.

Analysts view Cenovus Energy Inc. (NYSE:CVE) as a Hold, with 2.5 consensus rating. Reuters surveyed 27 analysts that follow CVE and found that 11 of those analysts rated the stock as a Hold. The remaining 16 were divided, with 16 analyst rating it as a Buy or a Strong Buy while 0 analysts advised investors to desist from buying Cenovus Energy Inc. (CVE) shares or sell it if they already own it.