Spotting A Winner: Cenovus Energy Inc (NYSE: CVE) Retreats -1.60 And It Still Have Room To Run

Cenovus Energy Inc (NYSE:CVE) currently has a daily average trading volume of 7.60M but it saw 10188108 shares traded in last market. With a market cap of 28.02B USD, the company’s current market price of $15.34 came falling about -1.60 while comparing to the previous closing price of $15.59. In past 52 weeks, the stock remained buoying in the range of price level as high as $21.79 and as low as $14.20. In the recent trading on the day, stock has struck highest price mark of $15.14 while lowest mark touched by it was $15.515.

Taking a look at 20-day trading activity of Cenovus Energy Inc (CVE) gives us an average price of $14.97, while its current price level is -29.61% below from 52-week high level whereas it is 8.03% 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 $15.54 while that of 200 days or SMA-200 reads an average of $18.23. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.36% during that period while stretching the period over a month that increases to 2.66%. 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 52.29 which implies that the stock is in neutral territory.

Over the week, CVE’s stock price is moving 1.25% up while it is 2.13% when we observe its performance for the past one month. Year-to-date it is 1.25% up and over the past year, the stock is showing a downside performance of -5.48%.

Currently, Cenovus Energy Inc’s total number of outstanding shares is 1.83B. Company’s return on investment (ROI) stands at 9.44% and return on equity (ROE) at 12.72%. It has a price to earnings ratio (P/E ratio) of 10.64 while having a 11.46 of forward P/E ratio. Stock’s beta reads 2.01. Stock has a price to book (P/B) ratio of 1.30 while price to sale or P/S ratio amounts to 0.69. Its return on asset (ROA) is 6.81% on average.