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


The leading market experts have placed a mean price target of $11.90 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 $0.38 a share for the upcoming quarter and $0.69 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 $7.37, and stock is hovering 0.67 or +9.11% distant from $7.37. It is noted that the 200-day MA is $8.26, and Ascena Retail Group, Inc. stock is $-0.22 or -2.70% off from this point. Ascena Retail Group, Inc. (NASDAQ:ASNA) 52-week high is $14.76 and the 52-week low is $6.33. This explains if the stock moves $-6.72, it will post a 52-week high. In event of $+27.01% 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 $8.04 and registered a market cap of $1.54B. 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 0.58.

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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