Is It Crazy To Buy PDC Energy Inc. (NASDAQ:PDCE) And Naked Brand Group Limited (NASDAQ:NAKD)

The shares of PDC Energy Inc. (NASDAQ:PDCE) has been pegged with a rating of Outperform by Credit Suisse in its latest research note that was published on March 19, 2020. The Basic Materials company has also assigned a $15 price target. Credit Suisse wasn’t the only research firm that published a report of PDC Energy Inc., with other equities research analysts also giving their opinion on the stock. Wells Fargo advised investors in its research note published on March 10, 2020, to Overweight the PDCE stock while also putting a $35 price target. The stock had earned Hold rating from Stifel Markets when it published its report on March 09, 2020. That day the Stifel set price target on the stock to $14. Citigroup was of a view that PDCE is Buy in its latest report on February 14, 2020. Tudor Pickering thinks that PDCE is worth Buy rating.

Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 3 believe it has the potential for further growth, thus rating it as Hold while 15 advised investors to purchase the stock. The consensus currently stands at a Buy while its average price target is $21.55. The price of the stock the last time has raised by 73.39% from its 52-Week high price while it is -83.46% than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 36.36.

The shares of the company added by 8.46% during the trading session on Wednesday, reaching a low of $6.54 while ending the day at $7.82. During the trading session, a total of 3.02 million shares were traded which represents a -31.94% decline from the average session volume which is 2.29 million shares. PDCE had ended its last session trading at $7.21. PDC Energy Inc. debt-to-equity ratio currently stands at 0.51, while its quick ratio hovers at 0.80 PDCE 52-week low price stands at $4.51 while its 52-week high price is $47.29.

The company in its last quarterly report recorded $0.60 earnings per share which is above the predicted by most analysts. The PDC Energy Inc. generated 963000.0 in revenue during the last quarter. In the second quarter last year, the firm recorded -$0.39 earnings per share. Compared to the same quarter last year, the firm’s revenue was up by 55.0%. PDC Energy Inc. has the potential to record 0.74 EPS for the current fiscal year, according to equities analysts.

It started the day trading at $0.6001 and traded between $0.4012 and $0.48 throughout the trading session.

A look at its technical shows that NAKD’s 50-day SMA is 0.6601 while its 200-day SMA stands at 5.7186. The stock has a high of $57.75 for the year while the low is $0.36. The stock, however, witnessed a rise in its short on 03/13/20. Compared to previous close which recorded 335775.65 shorted shares, the short percentage went higher by 19.19%, as 400,211 PDCE shares were shorted. At the moment, only 35.95% of Naked Brand Group Limited shares were sold short. The company’s average trading volume currently stands at 577.30K shares, which means that the short-interest ratio is just 0.58 days. Over the past seven days, the company moved, with its shift of 6.49%. Looking further, the stock has dropped -75.68% over the past 90 days while it lost -87.22% over the last six months.

The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The Two Sigma Investments LP bought more NAKD shares, increasing its portfolio by 1,261.01% during the last quarter. This move now sees The Two Sigma Investments LP purchasing 30,592 shares in the last quarter, thus it now holds 33,018 shares of NAKD, with a total valuation of $15,584. Renaissance Technologies LLC meanwhile bought more NAKD shares in the recently filed quarter, changing its stake to $15,397 worth of shares.

Similarly, Maso Capital Partners Ltd. decreased its Naked Brand Group Limited shares by 0.00% during the recently filed quarter. After selling 21,184 shares in the last quarter, the firm now controls 0 shares of Naked Brand Group Limited which are valued at $9,999. In the same vein, Inversis Gestión SGIIC SA decreased its Naked Brand Group Limited shares by during the most recent reported quarter. The firm bought 17,408 shares during the quarter which decreased its stakes to 17,408 shares and is now valued at $8,217. Following these latest developments, around 11.27% of Naked Brand Group Limited stocks are owned by institutional investors and hedge funds.