Cenveo, Inc. (NASDAQ:CVO) closed December 06 at $1.08, down -86.14% or $6.71 from its record high price of $7.79. Looking at the other side of the coin, CVO traded as low as $0.76 in the past 52 weeks, and since then the shares have risen 42.11% or $0.32. The recent price momentum makes it one stock to watch in recent days. Its 17.4% appreciation from Tuesday’s close has set alarm bells ringing.Is Cenveo, Inc. (NASDAQ:CVO) Performing Well?
Cenveo, Inc. (CVO) shares are down 0% for the week and that has got investors and traders sitting up and taking note. CVO is already driving a -84.53% loss over the course of the past year and is now down -84.55% since this point in 2017. Speaking of monthly performance, CVO tapped a -5.26% decline. Also, the equity price plunged -71.95% % in three months, taking the six-month decrease to -82.83% as of recent close. With that said, researchers took a deep dive into the hotly debated question: is it too early to buy Cenveo, Inc. (NASDAQ:CVO).Cenveo, Inc. (CVO) Soon To Be A $102.2M Company
Analyst research firms are expressing bullish stance on Cenveo, Inc. (NASDAQ:CVO)’s near-term growth potential. They anticipate the CVO stock will hit $10 on a short term (12 month) basis. Their average price target spell out an upbeat performance – a 826% and would give CVO a market capitalization of nearly $102.2M.Cenveo, Inc. Current Recommendations
Valued currently at $1.08, the vast majority of Wall Street analysts continue to say it’s a hold. Mean recommendation is rated on a 1 to 5 scale. 1 is equivalent to a buy rating, 3 a hold rating, and 5 a sell rating. The Mean Recommendation is the average rating on a stock by the analyst community.Is CVO Technically Strong Enough?
Right now, CVO’s beta is 1.56. That makes it 0.56 more volatile than the broad market. Cenveo, Inc. (NASDAQ:CVO) is -74.16% below its 200-day moving average, providing a measure of resistance for long positions. On a similar note, the stock is -37.26% below its 50-day moving average, providing a measure of support for short positions. The average daily volatility for the week was at 15.31%, which was -8.48 lower than that in the past month.Cenveo, Inc. (CVO) In Neutral Territory
From another technical standpoint, Cenveo, Inc. (NASDAQ:CVO)’s 14-day Relative Strength Index (RSI) has reached 44.07, putting it inside a neutral zone. If the RSI is traveling up and it is between 40 and 80, it is probably an indication of an uptrend. If it moves beyond 70 but cannot hold this ground and instead falls below 70, it could be an indication that the market is overbought and prone to become bearish, at least in the short term. Conversely, if the RSI is traveling down and it is between 60 and 20, it is probably an indication of a downtrend. If it moves below 30 and fails to remain below, it could be an indication that the market is oversold and poised to become bullish, at least in the short term.How Active Are Cenveo, Inc. (NASDAQ:CVO) Shares?
Technical analysts also use volume to predict trends. The current trading volume of 2.13 sits 326% higher than the past 3 month’s readings, indicating near-term traders have been more active toward CVO than usual of late. The company trades on average around 50000 shares per market session. Major moves in volume can signal unusual activity, such as insider trading. Unusual volume can be a major signal that investment gurus and momentum traders are piling into a stock ahead of a catalyst. These types of traders like to get in well ahead of a large spike, so it’s always a smart move to monitor unusual volume. In terms of relative volume, these shares are trading at 4.26x their normal volume.