Is It Right Time to Be Cautious on Encana Corporation (ECA), NVIDIA Corporation (NVDA)?

    The shares of Encana Corporation (NYSE:ECA) has been pegged with a rating of Hold by SunTrust in its latest research note that was published on July 30th, 2019. SunTrust wasn’t the only research firm that published a report of Encana Corporation, with other equities research analysts also giving their opinion on the stock. Bernstein advised investors in its research note published on May 1st, 2019, to Mkt Perform the ECA stock. The stock had earned Neutral rating from JP Morgan when it published its report on April 29th, 2019. That day the JP Morgan set price target on the stock to $12. The stock was given Buy rating by Citigroup in its report released on March 18th, 2019, the day when the price target on the stock was placed at $13. Credit Suisse was of a view that ECA is Outperform in its latest report on March 7th, 2019 while giving it a price target of $10. Goldman thinks that ECA is worth Buy rating. This was contained in the firm’s report on March 5th, 2019 in which the stock’s price target was also moved to $9.

    The consensus currently stands at a Hold while its average price target is $8.63. The price of the stock the last time has raised by 13.52% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 52.23.

    The shares of the company added by 1.83% during the trading session on Thursday, reaching a low of $4.41 while ending the day at $4.45. During the trading session, a total of 16.34 million shares were traded which represents a 32.46% incline from the average session volume which is 24.19M shares. ECA had ended its last session trading at 4.37. Encana Corporation currently has a market cap of $6.07B, while its P/E ratio stands at 3.82, while its P/E earnings growth sits at 0.88, with a beta of 1.97. Encana Corporation debt-to-equity ratio currently stands at 0.83, while its quick ratio hovers at 0.80. ECA 52-week low price stands at $3.92 while its 52-week high price is $13.61.

    Investment analysts at The Benchmark Company published a research note on August 21st, 2019 where it informed investors and clients that NVIDIA Corporation (NASDAQ:NVDA) is now rated as Buy. Their price target on the stock stands at $210. Bernstein also rated NVDA as Downgrade on May 1st, 2019, with its price target of $225 suggesting that NVDA could surge by 7.47% from its current share price. Even though the stock has been trading at $164.17/share, analysts expect it to surge higher by 2.80% to reach $182.39/share. It started the day trading at $169.06 and traded between $166.61 and $168.76 throughout the trading session.

    A look at its technical shows that NVDA’s 50-day SMA is 163.90 while its 200-day SMA stands at 159.68. The stock has a high of $292.76 for the year while the low is $124.46. The company’s P/E ratio currently sits at 44.14, while the P/B ratio is 9.94. At the moment, only of NVIDIA Corporation shares were sold short. The company’s average trading volume currently stands at 10.00M shares, which means that the short-interest ratio is just 1.02 days. Over the past seven days, the company moved, with its shift of 4.30%. Looking further, the stock has raised 19.45% over the past 90 days while it gained 10.99% over the last six months.

    The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The Vanguard Group Inc bought more NVDA shares, increasing its portfolio by +1.16% during the last quarter. This move now sees The Vanguard Group Inc purchasing 517,230 shares in the last quarter, thus it now holds 45,131,802 shares of NVDA, with a total valuation of $7,614,637,633. Fidelity Management Research Co meanwhile sold more NVDA shares in the recently filed quarter, changing its stake to $7,339,687,978 worth of shares. BlackRock Fund Advisors followed the path by increasing its NVDA portfolio by +1.96% in the quarter. This means that BlackRock Fund Advisors bought 523,989 shares in the last quarter and now controls 27,224,753 shares of the NVDA stock, with the valuation hitting $4,593,360,326.

    Similarly, Jennison Associates LLC increased its NVIDIA Corporation shares by +10.60% during the recently filed quarter. After buying 832,508 shares in the last quarter, the firm now controls 8,690,058 shares of NVIDIA Corporation which are valued at $1,466,186,586. In the same vein, Geode Capital Management LLC increased its NVIDIA Corporation shares by during the most recent reported quarter. The firm bought 288,755 shares during the quarter which increased its stakes to 8,053,691 shares and is now valued at $1,358,818,746. Following these latest developments, around 0.40% of NVIDIA Corporation stocks are owned by institutional investors and hedge funds.