A Technical Look At 2 Stocks: Knowles Corporation (KN), Cenovus Energy Inc. (CVE)

Knowles Corporation (NYSE:KN) recorded a trading volume of 1.47 million shares, above its 90-day volume average of 0.79 million shares. The stock kicked off the session at $14.61 and later approached $14.39 with a change of -4%.

Knowles Corporation (KN) Analyst Opinion

Knowles Corporation has a consensus outperform rating from 10 Wall Street analysts, and the number of shares currently sold short amount to at least 12.26% of shares outstanding. The stock sank -12.47% last month and is down -13.88 this year. Wall Street is only getting more bullish on the stock, with 7 of analysts who cover KN having a buy-equivalent rating. Analysts have placed a $19.28 price target on Knowles Corporation, suggesting a 33.98% gain from recent close. It’s currently trading about -27.69% below its 52-week high.

Knowles Corporation Earnings Surprise

Knowles Corporation (KN) surprised the stock market in its last reported earnings when it earned $0.28 a piece versus the consensus-estimated $0.26. Its revenue totaled $220.62 million up 15.99% from the previous quarter.

Knowles Corporation (NYSE:KN) Intraday View

This stock (KN) is ahead of its 52-week low with 2%. Its last month’s stock price volatility remained 4.21% which for the week stands at 2.72%. The share price has moved backward from its 20 days moving average, trading at a distance of -10.6% and stays -9.4% away from its 50 days moving average. Over the last five days, shares have faced -11.28% losses and now is down -14.33% since hitting its 200-day moving average of $16.02. Knowles Corporation (KN) has made its way to a 12-month decline of -10.4%.

Turning to Cenovus Energy Inc. (NYSE:CVE), its shares were trading at $9.28 a retreat of $-0.39, on the trading floor. The stock, after opening at $9.56, touched a high of $9.615 before paring much of its gains. So far, analysts are sticking with their neutral recommendations with the consensus call at 2.5. Cenovus Energy Inc. has 2 buy ratings, 10 holds and 0 sells even after the stock tumbled -44.83% from its high of $16.82 to a $11.02 billion market value through last close.

Cenovus Energy Inc. (CVE) Consensus Price Target

The company’s consensus rating on Reuter’s scale improved from 2.42 to 2.5 during a month. Analysts set a 12-month price target of $11.08 a share. The target implies a 19.4% spike from where the shares are currently trading. Also, the current price highlights a discount of 137.07% to analysts’ high consensus price target.

Cenovus Energy Inc. (NYSE:CVE) Intraday Trading

The counter witnessed a trading volume of 2.98 million shares versus an average volume of 4.41 million shares during last trading session. Its last month’s stock price volatility remained 3.91% which for the week approaches 3.29%. The lowest price the stock reached in the last trading day was $9.26 and compares with the $6.76 52-week low. The stock recovered 37.28% since its low point and has performed -38.66% year-to-date.

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