After the most recent trading session, Ascena Retail Group, Inc. (NASDAQ:ASNA) shares closed after a move of +1.32%. During the trading session, the stock hit a high of $3.92 and dipped to a low of $3.70. Company shares have been recently tracked -31.50% away from the 200 day moving average of $5.62. Shares have been tracked -15.71% off the 50 day moving average of $4.57. Watching the stock price relative to its moving averages may be important in projecting future movement of the stock. If the stock is trading above the moving average, the average may provide a level of support. If the stock is trading below a moving average, the average may offer a level of resistance.
Taking a longer term look at where the stock has been and where it’s headed, we note that currently the stock has traded in the range of $3.53 – 11.26 over the past 52-weeks. The latest bid places it $-7.41 away from the 52-week high of $11.26, or -65.79%. On the other end, the latest bid puts the equity $0.32 away from the 52-week low of $3.53, or +9.07%. The 52-week metric is serves as an important parameter for investors as they gauge the current price level of a stock and where it might be headed in the future.
Another important metric used by institutional and retail investors alike, is the analyst price target on a stock. Wall Street brokerage firms on the sell-side hire analysts to conduct research on stocks they cover for their clients. Analysts issue reports which often include a future stock price projection for the stock. Thomson Reuters’ First Call, which many consider to be the benchmark for EPS and consensus data, currently have the price target listed as $5.81. This is the consensus of all analyst targets from the brokerage firms polled by First Call.
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