The following stocks (NYSE:WAB, NYSEMKT:CQH and NYSE:STJ) 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.
Wabtec Corp (NYSE:WAB)(Trend analysis) shares traded close to their lowest level in a year. The Diversified Machinery company’s share price is currently trading 2.84% above its 52-week-low. The 1-year stock price history is in the range of $74.62 – $105.1. Wabtec Corp is currently valued at $7.4 billion. The stock has a 50-day moving average of $83.98 and a 200-day moving average of $93.53.
There are currently fourteen analysts that cover Wabtec Corp stock. Of those fourteen, nine have a Buy rating, five have a Hold rating. On a consensus basis this yields to an Overweight rating. The consensus target price stands at $98.3.
The stock closed last trading session at $76.74, down by -1.3%.
Cheniere Energy Partners LP Holdings LLC (NYSEMKT:CQH)(Trend analysis) shares were traded at $17.04, down by -1.22%, close to the 52-week low of $16.8, with a volume of 117,477 shares against an average volume for the last 3 months of 124,597. This represents a volume multiple of 0
Cheniere Energy Partners LP Holdings LLC (CQH) current short interest stands at 4.88 million shares. It has increased by 4% 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 0.15 million shares, the number of days required to cover the short positions stand at 32.8 days.
A recent stock analyst activity consisted of Barclays reiterating their Overweight stance on October 12. Barclays decreased price target from $31 to $29.
St Jude Medical Inc (NYSE:STJ)(Trend analysis) shares are also trading near the 52-week low of $60.34. The stock closed last trading session at $61.93, down by -0.94%, with a volume of 2,428,712 shares compared to an average volume for the last 3 months of 2,017,450. The year-to-date performance of the stock stands at -24.08%.
St Jude Medical Inc (STJ) current short interest stands at 5.73 million shares. It has decreased by 8% 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 1.19 million shares, the number of days required to cover the short positions stand at 4.8 days.