Stock To Watch: Ascena Retail Group, Inc. (NASDAQ:ASNA)


The leading market experts have placed a mean price target of $11.580 on Ascena Retail Group, Inc. (NASDAQ:ASNA) stock. This price level, which is estimated to be attained in one-year indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.380 a share for the upcoming quarter and $0.690 for the current fiscal. Technical View The technical analysis of Ascena Retail Group, Inc. plainly substantiates that the 50-day moving average of Ascena Retail Group, Inc. is $7.700, and stock is hovering -0.215 or -2.796% distant from $7.700. It is noted that the 200-day MA is $8.894, and Ascena Retail Group, Inc. stock is $-1.409 or -15.845% off from this point. Ascena Retail Group, Inc. (NASDAQ:ASNA) 52-week high is $17.590 and the 52-week low is $6.330. This explains if the stock moves $-10.105, it will post a 52-week high. In event of $+18.246% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of Ascena Retail Group, Inc., shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Ascena Retail Group, Inc. (NASDAQ:ASNA) ratio came in at N/A. The stock last ended the trading session at $7.485 and registered a market cap of $1.44B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Ascena Retail Group, Inc. (NASDAQ:ASNA) PEG ratio is at 0.510.

1 Chart Pattern Every Investor Should Know

This little-known pattern preceded moves of 578% in ARWR, 562% in LCI, 513% in ICPT, 439% in EGRX, 408% in ADDUS and more...

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