Is A Downturn Overdue? Vislink Technologies Inc. (NASDAQ:VISL), Cenovus Energy Inc. (NYSE:CVE)?

Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 0 believe it has the potential for further growth, thus rating it as Hold while 1 advised investors to purchase the stock. The consensus currently stands at a Buy while its average price target is $10.00. The price of the stock the last time has raised by 36.36% from its 52-Week high price while it is -98.12% than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 42.18.

The shares of the company added by 7.99% during the trading session on Wednesday, reaching a low of $0.1361 while ending the day at $0.15. During the trading session, a total of 21.36 million shares were traded which represents a -156.72% decline from the average session volume which is 8.32 million shares. VISL had ended its last session trading at $0.14. Vislink Technologies Inc. debt-to-equity ratio currently stands at 0.02, while its quick ratio hovers at 0.50 VISL 52-week low price stands at $0.11 while its 52-week high price is $8.00.

The Vislink Technologies Inc. generated 505000.0 in revenue during the last quarter. In the second quarter last year, the firm recorded -$0.13 earnings per share. Compared to the same quarter last year, the firm’s revenue was down by -800.0%.

Investment analysts at Tudor Pickering published a research note on March 25, 2020 where it informed investors and clients that Cenovus Energy Inc. (NYSE:CVE) is now rated as Hold. Even though the stock has been trading at $1.78/share, analysts expect it to surge by 12.92% to reach $10.85/share. It started the day trading at $2.20 and traded between $1.78 and $2.01 throughout the trading session.

A look at its technical shows that CVE’s 50-day SMA is 6.93 while its 200-day SMA stands at 8.55. The stock has a high of $10.82 for the year while the low is $1.41. The stock, however, witnessed a rise in its short on 03/13/20. Compared to previous close which recorded 20.57 M shorted shares, the short percentage went higher by 38.67%, as 28.53M VISL shares were shorted. At the moment, only 2.02% of Cenovus Energy Inc. shares were sold short. The company’s P/E ratio currently sits at 1.63, while the P/B ratio is 0.19. The company’s average trading volume currently stands at 6.51M shares, which means that the short-interest ratio is just 3.16 days. Over the past seven days, the company moved, with its shift of 25.63%. Looking further, the stock has dropped -79.98% over the past 90 days while it lost -79.32% over the last six months.

Following these latest developments, around 0.10% of Cenovus Energy Inc. stocks are owned by institutional investors and hedge funds.