Stocks For Fearless Investors: Office Depot, Inc. (ODP), Iconix Brand Group, Inc. (ICON)

May 09 was a strong volume day for Office Depot, Inc. (NASDAQ:ODP), with a downside momentum. The trading capacity for the firm moved to 16.33 million contracts. Over the past quarter, the average daily trading volume stood at about 5.36 million shares per day. The regular session started at $2.57 but as the trading went on, the stock receded, ending the session with a fall of -8.86%. Its shares last traded at a price of $2.16 per share.

Office Depot, Inc. (ODP): A -38.98% Dop In This Year — But Still Has Room To Grow 43.52%

According to 7 stock analysts, Office Depot, Inc., is being kept at an average Hold, rating, with at least 4.03% of shares outstanding that are currently legally short sold. The shares of the corporation went up by 4.85% during the previous month. So far this year, the stock had gone down by -38.98%. With these types of results to display analysts, are more pessimistic than before, leading 1 of analysts who cover Office Depot, Inc. (NASDAQ:ODP) advice their clients to include it in their buy candidate list. However, at the Wall Street, the shares for the company has been tagged a $3.1 price target, indicating that the shares will rally 43.52% from its current levels. At the moment, the stock is trading for about -65.47% less than its 52-week high.

Office Depot, Inc. Last Posted -0.3% Sales Growth

Office Depot, Inc. (ODP) has so far tried and showed success to beat the consensus-estimated $0.07, with their earning staying at $0.08 per share. This was revealed in their last financial report. Their revenue meanwhile grew by -0.3% from the last quarter, totaling $2.61 billion.

ODP Is -2.35% Away From SMA20

The shares of the company (ODP) staged the smart recovery as has roared back some 8% after stumbling to its new 52-weeks low. The share price volatility of the stock remained at 9.17% for the month and by reducing the timeframe to just a week, the volatility stood at 5.29%. As for the shares, it has gone below the 20 days moving average and is now hovering within a distance of -2.35%. Currently the price is sitting at -4.61% lower than its 50 days moving average. Analyzing the last five market sessions, the stock was able to report -6.49% losses, thus going down by -37.15%, compared with its 200-day moving average of $2.93. Also, a -58.94% overturn in Office Depot, Inc. (ODP) witnessed over the past one year demand tendency to limit losses.

Iconix Brand Group, Inc. (NASDAQ:ICON) Has 0 Buy or Better Ratings

Iconix Brand Group, Inc. (ICON) was also brought into the spotlight with a $0.03 rise. As the regular session came to an end, the price changed by 4.55% to $0.69. The trading of the day started with the price of the stock at $0.6533. However, at one point, in the middle of the day, the price touched a high of $0.7063 before it finally returned some of the gains. Analyzing ICON this week, analysts seem to be content with keeping to their bleak forecast call at 3. Iconix Brand Group, Inc. analysts gave 0 buy-equivalent recommendations, 0 sells and 2 holds. This company shares tumbled -91.63% from their most recent record high of $8.30 and now hold $39.76 million in market value of equity.

Iconix Brand Group, Inc. Underpriced by 117.39%

ICON’s mean recommendation on Reuter’s scale has so far not been altered from 3 thirty days ago to 3 now. This is an indication of a hold consensus from the analysts’ society. They expect that Iconix Brand Group, Inc. (ICON) price will be reaching a mean target of $1.5 a share. This implies that they believe the stock has what it takes to lift the price another 117.39%. The recent close goes a long way in suggesting that the stock price is being underpriced by a 117.39% compared to the most bullish target.

Iconix Brand Group, Inc. (ICON) Returns -46.12% This Year

The company during the last trade was able to reach a volume of 1.26 million shares. That activity is comparable to their recent volume average trend of nearly 2.17 million shares which they recorded over a period of three months. The stock price volatility for last week at the close of regular trading was 11.02%, pushing the figure for the whole month to now reaching 15.28%. Iconix Brand Group, Inc. price was kept to a minimum $0.602 in intra-day trade and has returned -46.12% this year alone. At a certain point in the past four quarters, the shares traded as low as $0.58 but made a 19.83% recovery since then.

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