The leading market experts have placed a mean price target of $11.67 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.
The technical analysis of Ascena Retail Group, Inc. plainly substantiates that the 50-day moving average of Ascena Retail Group, Inc. is $8.07, and stock is trading $-0.49 points away or -6.09% from its 50-day moving average of $8.07. Further it is trading $-0.79 or -9.42% away its 200-day moving average of $8.37. 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 $-7.18, it will post a 52-week high. In event of +19.75% 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 $7.58 and registered a market cap of $1.45B. 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 0.55.
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