Cenovus Energy Inc (CVE) Down -9.33% From Its 52-Week High, But Growth Potential Is Changing Over Time

Cenovus Energy Inc (NYSE:CVE) currently has a daily average trading volume of 6.91M but it saw 5968561 shares traded in last market. With a market cap of 36.76B USD, the company’s current market price of $19.76 came rising about 1.75 while comparing to the previous closing price of $19.42. In past 52 weeks, the stock remained buoying in the range of price level as high as $21.79 and as low as $14.62.

Taking a look at 20-day trading activity of Cenovus Energy Inc (CVE) gives us an average price of $19.89, while its current price level is -9.33% below from 52-week high level whereas it is 35.18% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $19.69 while that of 200 days or SMA-200 reads an average of $18.65. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.40% during that period while stretching the period over a month that decreases to 2.14%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 49.82 which implies that the stock is in neutral territory.

Over the week, CVE’s stock price is moving -2.18% down while it is 2.22% when we observe its performance for the past one month. Year-to-date it is 19.27% up and over the past year, the stock is showing an upside performance of 9.47%.

Currently, Cenovus Energy Inc’s total number of outstanding shares is 1.87B. Company’s return on investment (ROI) stands at 11.81% and return on equity (ROE) at 16.20%. It has a price to earnings ratio (P/E ratio) of 10.97 while having a 9.10 of forward P/E ratio. Stock’s beta reads 2.08. Stock has a price to book (P/B) ratio of 1.71 while price to sale or P/S ratio amounts to 0.93. Its return on asset (ROA) is 8.57% on average.