The following stocks (NYSE:NS, NASDAQ:BRCD and NYSE:APC) 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.
NuStar Energy L.P. (NYSE:NS)(Trend analysis) shares traded close to their lowest level in a year. The Oil & Gas Midstream company’s share price is currently trading 0.98% above its 52-week-low. The 1-year stock price history is in the range of $40.79 – $68.1. NuStar Energy L.P. is currently valued at $3.21 billion. The stock has a 50-day moving average of $47.66 and a 200-day moving average of $54.21.
There are currently eleven analysts that cover NuStar Energy L.P. stock. Of those eleven, two have a Buy rating, nine have a Hold rating. On a consensus basis this yields to a Hold rating. The consensus target price stands at $56.14.
The stock closed last trading session at $41.19, down by -2.25%.
Brocade Communications Systems Inc (NASDAQ:BRCD)(Trend analysis) shares were traded at $9.85, down by -2.18%, close to the 52-week low of $9.67, with a volume of 13,674,308 shares against an average volume for the last 3 months of 4,590,410. This represents a volume multiple of 2
Brocade Communications Systems Inc (BRCD) current short interest stands at 10.01 million shares. It has decreased by 5% from the same period of last month. Around 3% of the company’s shares, which are float, are short sold. With a 10-days average volume of 5.21 million shares, the number of days required to cover the short positions stand at 2 days.
A recent stock analyst activity consisted of Barclays who initiated their coverage on the stock with Equalweight rating on October 14. Barclays fixed their price target at $12.
Anadarko Petroleum Corp (NYSE:APC)(Trend analysis) shares are also trading near the 52-week low of $57.86. The stock closed last trading session at $58.74, down by -1.51%, with a volume of 4,338,024 shares compared to an average volume for the last 3 months of 5,431,070. The year-to-date performance of the stock stands at -16.27%.
Anadarko Petroleum Corp (APC) current short interest stands at 9.98 million shares. It has decreased by 14% from the same period of last month. Around 2% of the company’s shares, which are float, are short sold. With a 10-days average volume of 7.45 million shares, the number of days required to cover the short positions stand at 1.4 days.