Wall Street Stock Recommendations: Ascena Retail Group, Inc. (ASNA), Richmont Mines Inc. (RIC)

Ascena Retail Group, Inc. (NASDAQ:ASNA) was less active in the last trading session as around 1.73 million shares exchanged hands on Wall Street, representing a decrease from its normal capacity of 2.49 million shares. A 3.94% change after the initial price of $2.02, sent the closing price to $2.11.

Ascena Retail Group, Inc. (ASNA) Analyst Opinion

Ascena Retail Group, Inc. has a consensus hold rating from 7 Wall Street analysts, and the number of shares currently sold short amount to at least 26.58% of shares outstanding. The stock spiked 3.43% last month and is down -65.91 this year. Wall Street is only getting more bearish on the stock, with 0 of analysts who cover ASNA having a buy-equivalent rating. Analysts have placed a $3.13 price target on Ascena Retail Group, Inc., suggesting a 48.34% gain from recent close. It’s currently trading about -74.24% below its 52-week high.

Ascena Retail Group, Inc. Earnings Surprise

Ascena Retail Group, Inc. (ASNA) surprised the stock market in its last reported earnings when it earned $0.05 a piece versus the consensus-estimated -$0.03. Its revenue totaled $1.57 billion up 0.59% from the previous quarter.

Ascena Retail Group, Inc. (NASDAQ:ASNA) Intraday View

This stock (ASNA) is ahead of its 52-week low with 27.88%. Its last month’s stock price volatility remained 6.95% which for the week stands at 6.49%. The share price has moved backward from its 20 days moving average, trading at a distance of -5.21% and stays -3% away from its 50 days moving average. Over the last five days, shares have faced -11.34% losses and now is down -36.77% since hitting its 200-day moving average of $2.57. Ascena Retail Group, Inc. (ASNA) has made its way to a 12-month decline of -62.46%.

Turning to Richmont Mines Inc. (NYSE:RIC), its shares were trading at $9.7 a retreat of $-0.35, on the trading floor. So far, analysts are sticking with their neutral recommendations with the consensus call at 2. Richmont Mines Inc. has 2 buy ratings, 0 holds and 0 sells even after the stock tumbled -7.18% from its high of $10.45 to a $617.11 million market value through last close.

Richmont Mines Inc. (RIC) Consensus Price Target

The company’s consensus rating on Reuter’s scale remained unchanged from 1.33 to 1.33 during a month. Analysts set a 12-month price target of $11.86 a share. The target implies a 22.27% spike from where the shares are currently trading. Also, the current price highlights a discount of 47.73% to analysts’ high consensus price target.

Richmont Mines Inc. (NYSE:RIC) Intraday Trading

The counter witnessed a trading volume of 0.25 million shares versus an average volume of 0.43 million shares during last trading session. Its last month’s stock price volatility remained 3.26% which for the week approaches 3.31%. It had faced the $5.45 52-week low. The stock recovered 77.98% since its low point and has performed 49.23% year-to-date.

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