Cenovus Energy Inc (NYSE:CVE) shares, rose in value on Thursday, March 06, with the stock price up by 2.59% to the previous day’s close as strong demand from buyers drove the stock to $12.68.
Actively observing the price movement in the last trading, the stock closed the session at $12.36. The PE ratio was 10.52 over 12-month period. Referring to stock’s 52-week performance, its high was $21.79, and the low was $12.07. On the whole, CVE has fluctuated by -15.35% over the past month.
With the market capitalization of Cenovus Energy Inc currently standing at about $23.12 billion, investors are eagerly awaiting this quarter’s results, scheduled for in April. The company’s Forward Dividend Ratio is 0.49, with its dividend yield at 3.89%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that CVE’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0.47, with the price of CVE currently trading nearly -11.65% and -13.79% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 30.95, while the 7-day volatility ratio is showing 5.15% which for the 30-day chart, stands at 3.39%. Furthermore, Cenovus Energy Inc (CVE)’s beta value is 1.53, and its average true range (ATR) is 0.53.
A comparison of Cenovus Energy Inc (CVE) with its peers suggests the former has fared considerably weaker in the market. CVE showed an intraday change of 2.59% in last session, and over the past year, it shrunk by -26.93%%.
Data on historical trading for Cenovus Energy Inc (NYSE:CVE) indicates that the trading volumes over the past 3 months, they’ve averaged 10.19 million. According to company’s latest data on outstanding shares, there are 1.82 billion shares outstanding.
Nearly 30.27% of Cenovus Energy Inc’s shares belong to company insiders and institutional investors own 50.89% of the company’s shares. The stock has fallen by -16.30% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CVE stock heading into the next quarter.
