The stock of Capitol Federal Financial, Inc. (NASDAQ:CFFN) is now priced at $10.05 and the shares are -0.18 points down or -1.76% lower compared to its previous closing price of $10.23. The stock had 675356 contracts set over the past session. CFFN shares’ daily volume is compared to its average trading volume at 463890 shares. However, it has a float of 131 million and although its performance was -7.08% over the week, it’s one to watch. Analysts have given the CFFN stock a yearly average price target of $13.33 per share. It means the stock’s upside potential is 32.64% with the CFFN share price recently placing at $10.04 to $10.37. However, some brokerage firms have priced the stock below the average, including one that has called $12.
The shorts are running away from the Capitol Federal Financial, Inc. stock, with the latest data on short interest released on June 15, 2020, showing that short interest numbers in the CFFN shares have declined. Short interest in the stock represents just 2.52% of its float, but the volume has dropped by -86988. The volume of shorted shares dropped to 3.303 million from 3.39 million shares over the last two weeks. The average intraday trading volume has been 373432 shares, which means that days to cover moved to roughly 8.843998.
In the last trading session, Capitol Federal Financial, Inc. (NASDAQ:CFFN) dropped by -$0.59 over the week and lost -$1.82 on its 20-day. The stock’s high in the recent session is lower when compared to its 52-week high of $14.57. The stock recorded its established 52-week high on 10/22/19.
Since 07/09/20, the stock has traded to a low of $9.98 at 0.4%, 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 0.49. Being above 1 means that the stock’s volatility is higher than the market and traders are keenly watching it.
Looking at current readings, Capitol Federal Financial, Inc.’s two-week RSI is 35.81. This suggests that the stock is neutral at the moment and that CFFN shares’ price movement remains stable. The stochastic readings are equally revealing at 7.29% meaning the CFFN share price is currently in overbought territory.
The technical chart shows that the CFFN stock will likely settle at between $10.39 and $10.54 per share. However, if the stock dips below $10.06, then its market would become much weaker. Any downside could see the stock price sliding to levels as low as $9.88.
Currently, the stock is trading in the red of MACD, with a reading of -0.38. 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 Maxim Group assigned CFFN a rating of Buy in their intiating review released on April 09. Stifel Nicolaus analysts see the stock as a Buy with a target price of $13.5 in a flash note released to investors on April 17 resuming covering the stock. Stifel Nicolaus analysts see the stock as Buy when the analysts initiated the share price coverage on January 31, placing it at $14.
The average rating for the CFFN equity is 2.33 and is currently gathering a bullish momentum. Of 3 analysts tracking Capitol Federal Financial, Inc. polled by Reuters, 2 rated CFFN as a hold. The remaining 1 analysts were split evenly. However, the split wasn’t equal as a majority (1) 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 CFFN stock price is 19.41X ahead of its 12-month Consensus earnings per share estimates. The stocks P/S ratio currently stands at 20.1 above the group’s average of 10.6. Capitol Federal Financial, Inc. has its P/E ratio at 1.1, which means that the stock is currently trading at a premium relative to the 0.8 industry average.