The stock of Natural Grocers by Vitamin Cottage, Inc. (NYSE:NGVC) is now priced at $13.52 and the shares are 0.02 points up or 0.15% higher compared to its previous closing price of $13.5. The stock had 94222 contracts set over the past session. NGVC shares’ daily volume is compared to its average trading volume at 175844 shares. However, it has a float of 11.92 million and although its performance was 1.5% over the week, it’s one to watch. NGVC share price recently placing at $13.2 to $13.95. However, some brokerage firms have priced the stock below the average, including one that has called $12.
The shorts are running away from the Natural Grocers by Vitamin Cottage, Inc. stock, with the latest data on short interest released on June 15, 2020, showing that short interest numbers in the NGVC shares have declined. Short interest in the stock represents just 7.63% of its float, but the volume has dropped by 0. The volume of shorted shares dropped to from shares over the last two weeks. The average intraday trading volume has been shares, which means that days to cover moved to roughly.
In the last trading session, Natural Grocers by Vitamin Cottage, Inc. (NYSE:NGVC) dropped by -$0.29 over the week and gained $1.14 on its 20-day. The stock’s high in the recent session is lower when compared to its 52-week high of $16.39. The stock recorded its established 52-week high on 05/08/20.
Since 03/12/20, the stock has traded to a low of $5.41 at 149.91%, 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 1.14. Being above 1 means that the stock’s volatility is higher than the market and traders are keenly watching it.
Looking at current readings, Natural Grocers by Vitamin Cottage, Inc.’s two-week RSI is 48.92. This suggests that the stock is neutral at the moment and that NGVC shares’ price movement remains stable. The stochastic readings are equally revealing at 40.82% meaning the NGVC share price is currently in neutral territory.
The technical chart shows that the NGVC stock will likely settle at between $13.9 and $14.3 per share. However, if the stock dips below $13.15, then its market would become much weaker. Any downside could see the stock price sliding to levels as low as $12.8.
Currently, the stock is trading in the red of MACD, with a reading of -0.09. 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 NGVC a rating of Buy in their resuming review released on July 06. RBC Capital Mkts analysts upgraded their recommendation of the stock from Sector Perform to Outperform in a flash note released to investors on January 31. SunTrust seeing the stock struggling downgraded it from Buy to Hold on February 03.
Elsewhere, the NGVC stocks P/S ratio currently stands at 20.5 above the group’s average of 15.1. Natural Grocers by Vitamin Cottage, Inc. has its P/E ratio at 1.8, which means that the stock is currently trading at a discount relative to the 3 industry average.