Price Action Report: Can Cnova NV’s Tomorrow be Different? The Stock Just Broke Its High

Price Action Report: Can Cnova NV's Tomorrow be Different? The Stock Just Broke Its High

The stock of Cnova NV (NASDAQ:CNV) hit a new 52-week high and has $6.80 target or 26.00% above today’s $5.40 share price. The 8 months bullish chart indicates low risk for the $2.40 billion company. The 1-year high was reported on Oct, 3 by If the $6.80 price target is reached, the company will be worth $624.00 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 21,503 shares traded hands. Cnova NV (NASDAQ:CNV) has risen 144.09% since February 29, 2016 and is uptrending. It has outperformed by 131.87% the S&P500.

Analysts await Cnova NV (NASDAQ:CNV) to report earnings on October, 26. They expect $-0.04 EPS, up 42.86% or $0.03 from last year’s $-0.07 per share. After $-0.19 actual EPS reported by Cnova NV for the previous quarter, Wall Street now forecasts -78.95% EPS growth.

Cnova NV (NASDAQ:CNV) Ratings Coverage

Out of 7 analysts covering Cnova NV (NASDAQ:CNV), 1 rate it a “Buy”, 2 “Sell”, while 4 “Hold”. This means 14% are positive. Cnova NV has been the topic of 18 analyst reports since August 18, 2015 according to StockzIntelligence Inc. The stock of Cnova NV (NASDAQ:CNV) has “Sell” rating given on Monday, November 30 by Goldman Sachs. The rating was upgraded by Goldman Sachs to “Neutral” on Thursday, May 19. On Thursday, October 29 the stock rating was downgraded by Morgan Stanley to “Equal-Weight”. The firm has “Reduce” rating by HSBC given on Tuesday, January 19. As per Friday, May 13, the company rating was maintained by Deutsche Bank. HSBC downgraded Cnova NV (NASDAQ:CNV) rating on Thursday, September 17. HSBC has “Buy” rating and $4.30 price target. Zacks upgraded the stock to “Sell” rating in Tuesday, August 18 report. On Wednesday, April 13 the stock rating was upgraded by JP Morgan to “Overweight”. The rating was downgraded by Bank of America to “Neutral” on Thursday, October 29. The rating was downgraded by Zacks to “Sell” on Monday, September 21.

According to Zacks Investment Research, “Cnova NV operates as an e-commerce company. The Company’s product lines include appliances, customer electronics, computers, home furnishings, leisure, and personal goods. Its brands include sites,,,,, and Cnova also offers B2B solutions, such as eHub, an e-commerce platform solution for third parties. The Company offers its services through direct sales and marketplaces. It has operations in Brazil, France, Colombia, Ecuador, Thailand, Vietnam, Ivory Coast, Belgium and Senegal. Cnova, N.V. is based in Eindhoven, the Netherlands.”

Insitutional Activity: The institutional sentiment increased to 1.67 in 2016 Q2. Its up 1.25, from 0.42 in 2016Q1. The ratio improved, as 1 funds sold all Cnova NV shares owned while 5 reduced positions. 3 funds bought stakes while 7 increased positions. They now own 8.69 million shares or 19.07% more from 7.30 million shares in 2016Q1.
The Massachusetts-based Fmr Limited Liability has invested 0% in Cnova NV (NASDAQ:CNV). Fny Managed Accounts Ltd Liability Co holds 29 shares or 0% of its portfolio. Morgan Stanley holds 636,626 shares or 0% of its portfolio. Bnp Paribas Arbitrage Sa accumulated 0% or 141 shares. Sylebra Hk Ltd last reported 821,886 shares in the company. Natl Bank Of America De has 1,000 shares for 0% of their US portfolio. Tower Rech Capital Ltd Limited Liability Company (Trc) has 0% invested in the company for 540 shares. Invesco, a Georgia-based fund reported 2.97M shares. The Switzerland-based Credit Suisse Ag has invested 0% in Cnova NV (NASDAQ:CNV). California Employees Retirement Systems accumulated 0% or 66,200 shares. The New York-based Jpmorgan Chase has invested 0% in Cnova NV (NASDAQ:CNV). Goldman Sachs Grp owns 29,330 shares or 0% of their US portfolio. Barclays Public Limited holds 0% or 39,822 shares in its portfolio. Citigroup Inc owns 630 shares or 0% of their US portfolio. Boussard And Gavaudan Invest Mngmt Llp has invested 2.62% of its portfolio in Cnova NV (NASDAQ:CNV).

More notable recent Cnova NV (NASDAQ:CNV) news were published by: which released: “Cnova N.V. Publishes Notice for Extraordinary General Meeting” on September 15, 2016, also with their article: “Cnova N.V. (CNV) to Reorganization Brazilian Activities” published on August 08, 2016, published: “Cnova NV Launches Initial Public Offering” on October 31, 2014. More interesting news about Cnova NV (NASDAQ:CNV) were released by: and their article: “Cnova N.V. Publishes 2014 U.S. Annual Report on Form 20-F” published on March 31, 2015 as well as‘s news article titled: “Cnova N.V. (CNV) to Review lnventory in Brazil” with publication date: December 18, 2015.

CNV Company Profile

Cnova N.V., incorporated on May 30, 2014, is an e-commerce firm with its two markets in France and Brazil. The Firm offers differentiated delivery and payment solutions. It operates through three divisions: Cdiscount France, Cdiscount International and Cnova Brazil. The Cdiscount France segment is engaged in the retail sales of consumer products through and specialized Websites in France. The Cdiscount International segment is engaged in retail sales of consumer products through Websites created by Cdiscount S.A. (Cdiscount) outside of France. The Cnova Brazil segment is engaged in retail sales of consumer products through Websites in Brazil, which include,,,,, and wholesale activities and E-Hub. As of December 31, 2015, it offered approximately 29 million product offerings on its sites through its direct sales and marketplace businesses across a range of categories, such as consumer electronics, home appliances, home furnishings, computers, personal goods, leisure and other.

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