The stock of Malvern Bancorp, Inc. (NASDAQ:MLVF) is now priced at $12.36 and the shares are 0.38 points up or 3.17% higher compared to its previous closing price of $11.98. The stock had 4462 contracts set over the past session. MLVF shares’ daily volume is compared to its average trading volume at 38867 shares. However, it has a float of 7.26 million and although its performance was -3.74% over the week, it’s one to watch. Analysts have given the MLVF stock a yearly average price target of $16 per share. It means the stock’s upside potential is 29.45% with the MLVF share price recently placing at $12.1 to $12.6776. However, some brokerage firms have priced the stock below the average, including one that has called $16.
The shorts are climbing into the Malvern Bancorp, Inc. stock, with the latest data on short interest released on June 15, 2020, showing that short interest numbers in the MLVF shares have risen. Short interest in the stock represents just 1.38% of its float, but the volume has raised by 32136. The volume of shorted shares rised to 100130 from 67994 shares over the last two weeks. The average intraday trading volume has been 25609 shares, which means that days to cover moved to roughly 3.909954.
In the last trading session, Malvern Bancorp, Inc. (NASDAQ:MLVF) dropped by -$0.48 over the week and lost -$0.84 on its 20-day. The stock’s high in the recent session is lower when compared to its 52-week high of $23.75. The stock recorded its established 52-week high on 12/16/19.
Since 04/16/20, the stock has traded to a low of $10.06 at 22.86%, an encouraging piece of data likely to interest most investors out to exploit the stock’s recent surge. The stock has a beta allocation of 0.83. Being above 1 means that the stock’s volatility is higher than the market and traders are keenly watching it.
Looking at current readings, Malvern Bancorp, Inc.’s two-week RSI is 53.53. This suggests that the stock is neutral at the moment and that MLVF shares’ price movement remains stable. The stochastic readings are equally revealing at 52.9% meaning the MLVF share price is currently in neutral territory.
The technical chart shows that the MLVF stock will likely settle at between $12.66 and $12.96 per share. However, if the stock dips below $12.08, then its market would become much weaker. Any downside could see the stock price sliding to levels as low as $11.8.
Currently, the stock is trading in the red of MACD, with a reading of -0.06. Investors always pay attention to any move above or below the zero-line, mainly because the indicator points to the position of the stock’s short-term average relative to its long-term measure. A MACD -a reading above the zero line means that the short-term is above the long-term average. This scenario implies that there is an upward momentum. The opposite is true when the MACD falls below the zero-line.
Analysts at Sandler O’Neill cut their recommendation for MLVF from Buy to Hold in May 06 review. Sandler O’Neill analysts upgraded their recommendation of the stock from Hold to Buy in a flash note released to investors on February 07. Sandler O’Neill analysts see the stock as Hold when the analysts initiated the share price coverage on June 19, placing it at $24.
The average rating for the MLVF equity is 3 and is currently gathering a bullish momentum. Of 1 analysts tracking Malvern Bancorp, Inc. polled by Reuters, 1 rated MLVF as a hold. The remaining 0 analysts were split evenly. However, the split wasn’t equal as a majority (0) rated it as a buy or strong buy. 0 analyst advised investors against buying the stock or to sell if they own any of the stock.
Elsewhere, the MLVF stock price is 11.77X ahead of its 12-month Consensus earnings per share estimates. The stocks P/S ratio currently stands at 11.8 above the group’s average of 10.6. Malvern Bancorp, Inc. has its P/E ratio at 0.7, which means that the stock is currently trading at a discount relative to the 0.8 industry average.