52-Week Low Stocks To Watch : Melco Crown Entertainment Ltd (ADR) (NASDAQ:MPEL), Urban Outfitters Inc (NASDAQ:URBN), Jacobs Engineering Group Inc (NYSE:JEC)

The following stocks (NASDAQ:MPEL, NASDAQ:URBN and NYSE:JEC) are close to 52-week low. For information, the 52-week low serves as an indicator for potential investors. Investor’s will often determine the 52-week low for a stock when looking at its current price. If the price is near or approaching the 52-week low, investors might consider it a good time to buy because the stock could be undervalued. Also, the market could have overreacted to a company’s bad news. Hence, it is possible that stocks trading near their 52-week low could be worth buying.

Melco Crown Entertainment Ltd (ADR) (NASDAQ:MPEL)(Trend analysis) shares traded close to their lowest level in a year. The Casino Hotels company’s share price is currently trading 7.94% above its 52-week-low. The 1-year stock price history is in the range of $16.5 – $29.05. Melco Crown Entertainment Ltd (ADR) is currently valued at $9.6 billion. The stock has a 50-day moving average of $20.97 and a 200-day moving average of $21.59.

There are currently twenty-three analysts that cover Melco Crown Entertainment Ltd (ADR) stock. Of those twenty-three, nine have a Buy rating, nine have a Hold rating and five have a Sell rating. On a consensus basis this yields to a Hold rating. The consensus target price stands at $23.8.

The stock closed last trading session at $17.81, down by -6.11%.

Urban Outfitters Inc (NASDAQ:URBN)(Trend analysis) shares were traded at $28.54, down by -5.34%, close to the 52-week low of $27.89, with a volume of 4,033,846 shares against an average volume for the last 3 months of 2,164,430. This represents a volume multiple of 1

Urban Outfitters Inc (URBN) current short interest stands at 9.4 million shares. It has remained stable from the same period of last month. Around 11% of the company’s shares, which are float, are short sold. With a 10-days average volume of 4.34 million shares, the number of days required to cover the short positions stand at 2.2 days.

A recent stock analyst activity consisted of Credit Suisse reiterating their Neutral stance on August 18. Credit Suisse decreased price target from $40 to $38.

Jacobs Engineering Group Inc (NYSE:JEC)(Trend analysis) shares are also trading near the 52-week low of $37.87. The stock closed last trading session at $38.26, down by -5.09%, with a volume of 3,076,220 shares compared to an average volume for the last 3 months of 1,392,270. The year-to-date performance of the stock stands at -18.76%.

Jacobs Engineering Group Inc (JEC) current short interest stands at 5.81 million shares. It has increased by 14% from the same period of last month. Around 5% of the company’s shares, which are float, are short sold. With a 10-days average volume of 1.72 million shares, the number of days required to cover the short positions stand at 3.4 days.

Related Posts

About The Author