A Likely Value Trap For Investors: Endologix, Inc. (ELGX), Conagra Brands, Inc. (CAG) – Post Analyst

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Endologix, Inc. (NASDAQ:ELGX) current P/S is an impressive 0.39. The overall Medical Instruments & Supplies group has an average P/S ratio of 6.36, which is significantly better than the sector’s 10.41. In the past 13-year record, this ratio went down as low as 0.27 and as high as 9.57. Also, it is up from 64% of the total 192 rivals across the globe.

ELGX traded at an unexpectedly low level on 03/11/2019 when the stock experienced a 2.89% gain to a closing price of $6.05. The company saw 0.26 million shares trade hands over the course of the day. Given that its average daily volume over the 5 sessions has been 100.54 million shares a day, this signifies a pretty significant change over the norm.

Endologix, Inc. (ELGX) Analyst Gushes

Analysts are speculating a 1552.89% move, based on the high target price ($100) for the shares that is set to reach in the next 12 months. The analysts, on average, are forecasting a $32.14 price target, but the stock is already up 16.44% from its recent lows. However, the stock is trading at -91% versus recent highs ($67.2). Analysts believe that we could see stock price minimum in the $10 range (lowest target price), allowing for another 65.29% jump from its current position. Leading up to this report, we have seen a 5.22% rise in the stock price over the last 30 days and a -9.73% decline over the past 3 months. Overall, the share price is down -15.5% so far this year. Additionally, the stock had a day price range of $5.8 to $6.45.

Endologix, Inc. (ELGX) Price Potential

Heading into the stock price potential, Endologix, Inc. needs to grow just 230.58% to cross its median price target of $20. In order to determine directional movement, the 50-day and 200-day moving averages for Endologix, Inc. (NASDAQ:ELGX) are $6.32 and $11.42. Given that liquidity is king in the short-term, ELGX is a stock with 10.22 million shares outstanding that normally trades 47.72% of its float. The stock price recently experienced a 5-day loss of -0.43% with 0.5 average true range (ATR). ELGX has a beta of 0.49 and RSI is 51.56.

Investors also need to beware of the Conagra Brands, Inc. (NYSE:CAG) valuations. The stock trades on a P/S of 1.8, which suggests that the shares are attractive compared with peers. The broad Processed & Packaged Goods industry has an average P/S ratio of 1.81, which is significantly better than the sector’s 5.82. In the past 13-year record, this ratio went down as low as 0.46 and as high as 2.08. Also, it is down from 59% of the total 1664 rivals across the globe.

Conagra Brands, Inc. (CAG)’s Lead Over its Technicals

Conagra Brands, Inc. by far traveled 13.25% versus a 1-year low price of $20.22. The share price was last seen 1.91% higher, reaching at $22.9 on Mar. 11, 2019. At recent session, the prices were hovering between $22.25 and $22.97. This company shares are 36.16% off its target price of $31.18 and the current market capitalization stands at $11.07B. The recent change has given its price a 3.12% lead over SMA 50 and -41.92% deficit over its 52-week high. The stock witnessed 3.06% gains, -27.58% declines and -36.83% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found CAG’s volatility during a week at 2.12% and during a month it has been found around 2.51%.

Conagra Brands, Inc. (NYSE:CAG) Intraday Metrics

Conagra Brands, Inc. (CAG) exchanged hands at an unexpectedly low level of 7.31 million shares over the course of the day. Noting its average daily volume at 8.73 million shares each day over the month, this signifies a pretty significant change over the norm.

Conagra Brands, Inc. Target Levels

The market experts are predicting a 92.14% rally, based on the high target price of $44 for Conagra Brands, Inc. shares that is likely to be hit in the 52 weeks. Analysts anticipate that traders could see stock price minimum in the $24 range (lowest target price). If faced, it would be a 4.8% jump from its current position. Overall, the share price is up 7.21% year to date [T2].

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