Ascena Retail Group, Inc. (NASDAQ:ASNA) has its shares plummet by -93.31% or $4.74 from its all-time high of $5.08, with ASNA attaining that price back on September 27, 2018. The drop in the price of the shares saw it stand at $0.34 per share. ASNA has been trading at a low of $0.2 over the past one year but it surged by 70% or $0.14 to reach the $0.34 mark. Following the massive rise in stock price, ASNA received more attention from investors and analysts. On Wednesday, the stock dipped by -8.23%, which caused investors and analysts to worry about it. Following the plunge in price, the ASNA beta stands at 1, implying that its volatility level has gone down by 0 back of the general market. A look at the stock’s 200-day moving average shows that it is -77.31% below while its 50-day moving average shows that it is currently -14.77% below. Compared to 20.65% average daily volatility of past month, the stock’s average volatility for this week has increased by 11.34 as the volatility level currently stands at 31.99%.
Over the past seven days, the stock has witnessed a price surge by 66.39%. This massive rise in stock price has caught the attention of both investors and market traders. The stock has performed poorly over the past 52 weeks, dropping by -92.42% during that time frame and is now down by -86.59% since this point this year. ASNA has surged by 28.47% over the past 30 days, with its equity price losing% of its value over the past ninety days. These figures add up to see the stock record a shortfall of -83.09% over the past six months.
The stock’s technical analysis reveals that its 14-day Relative Strength Index (RSI) is currently in a neutral position as it was able to attain 50.11 points. Over the past three months, the trading volume has jumped massively, by roughly ????118.45%???, with the trading volume now standing at 5141132 shares. The increase of 1511132 shares in trading volume shows that traders and investors have shown more interest in the stock over the past few weeks. During that trading session, the average trading volume of ASNA was 3630000 shares, which is more than 1.42 times higher than its usual trading volume.
Kirkland’s, Inc. has seen its stock (NASDAQ:KIRK) surge by $0.22 or 15.94% to currently trade at $1.6. This rise in the price of the stock has seen it establish a strong support at $1.43 a share. If the stock price is to drop below that support level, then it would be followed by a bearish trend. A slip below $1.27 would be bad for KIRK as it would mean that the stock has lost 20.63% of its value. The stock going in the opposite direction and breaking past the resistance point to reach $1.68 would see it surge even higher. KIRK would attempt to surge past the upward resistance point which is set at $1.77 a share. KIRK has an average volatility of 13.6% over the past 30 days, while it has gained 31.88% of its value compared to its 52-weeks low point which stands at $1.09 on Sep 05, 2019. In the same breath, KIRK has lost 15.63% compared to its 52-weeks high point which currently stands at $1.35 a share reached on Feb 28, 2019.
Analysts have set a 1-year price target for this stock, with most of them expecting it to reach $2.7/share over the next 12 months. If that happens, then KIRK would witness a 68.75% rise from its current price. The price of the stock has been moving between $1.35 and $1.6. Not all analysts believe it would hit that target though, as some of them expect it to trade lower, as low as $1.4 per share. In the same breath, one analyst believes that the stock is set to soar even higher than expected, as the price target was set at $4.
The stock is currently neutral as its Stochastic Oscillator (%D) is at 37.25%, which implies that a stability in price will be experienced for a while. Its shares P/S ratio is below the 0.69 industry average and below the 0.47 by the wider market, as KIRK’s P/S ratio currently stands at 0.03. The stock’s estimated price-earnings (P/E) multiple is 0 which is also below the 12-month price-earnings (P/E) which stands at 0. Kirkland’s, Inc. has experienced a fall in its earnings, recording an decrease rate of -21.6% in each quarter over the past five years.
The stock has an average rating of 2 which means that it has been rated as a Buyby most analysts. The stock is being covered by 1 analysts who gave a consensus recommendation of 2 which implies that it is currently in a bull/bear situation. Reuters looked into analysts covering Kirkland’s, Inc., and 1 of them believe that the stock is a Hold at the moment. 0 of the analysts rated it as a Buy or a Strong Buy while the remaining analysts (0) rated it as a sell at the moment.