Are These Stocks Back Into Fair-Value Territory? CorMedix, Inc. (CRMD), Obsidian Energy Ltd. (OBE)

Lefkowitz Steven W, Director, bought 20,000 shares of the CorMedix, Inc. (NYSE:CRMD) in an exchange that happened on December 20th. The stock was bought at an average price of $1.18 per share, amounting to a transaction worth $23,500. The purchase was made public in a document filed with the SEC. Additionally, Director Khan Mehmood bought 100,000 shares of this stock in a transaction that took place on December 20th. The stock was bought at an average price of $1.24 per share, for a total exchange amounting to $124,410. After the transaction, the Director Khan Mehmood currently holds 564,583 shares of the company’s stock, which is worth approximately $1016249.

With this stock price’s latest movement, it is now -34.31% away from its 1-year high and 945.90% higher than its 1-year low price. In the past seven days, the stock price volatility for CorMedix, Inc. was 6.18%, whereas its volatility in the past 30 days has been 9.15%. This public company’s stock also has a beta score of 2.74. When the beta value is less/more than 1, it can imply that the stock is less/more volatile than the wider stock market – a metric that traders will surely be keeping tabs on.

CorMedix, Inc. (NYSE:CRMD) most recently published its quarterly earnings results. The firm posted -$0.13 earnings per share (EPS) for the three-month period, missing analysts’ consensus estimate of -$0.11 by $0.02. The publicly-traded organization reported revenue of $0.12 million for the quarter, compared to the average analyst forecast calling for $0.14 million, which was missing the analyst consensus estimate.

Shares of CorMedix, Inc. (CRMD) plunged -2.70%, amounting to a loss of -$0.05 per share, to finish the regular trading session at $1.80 on Thursday 03/14/2019. After beginning the session at $1.84, shares of CorMedix, Inc. reached as high as $1.8666 during the day, while hitting a 1-day low of $1.75. Trade volume reached 1,892,307 shares against this stock’s average daily volume of 2.80M shares, with a total float of 100.34M. As a consequence of the price decrease, CorMedix, Inc. now has a current market value of 200.23M.

Obsidian Energy Ltd. (NYSE:OBE) added 0.91% to its trading price by the close of the most recent session, jumping from its previous closing price of $0.30 to $0.30. This stock decreased in value by -3.57% during the last 7-day period, and experienced a loss of -18.97% over the past 30-day period. In the past three months, this stock’s price lost by -38.31% , and subtracted -67.87% to its price during the last six months of trading. OBE demonstrated a yearly price loss of -68.13% , while its year-to-date (YTD) price performance has been down -25.61% . This stock’s price changed by +7.03% compared to its 90-day low, and moved down -45.49% comparing to its 90-day high price.

Have a quick look on short, medium and long-term indicators. According to the Composite Indicator, Trendspotter rated the OBE stock as “Sell”. In the short-term, Obsidian Energy Ltd. (OBE) has a 20-day average volume of 1,234,690 shares and short-term indicators sets the OBE stock as “ 80% Sell ” on average basis. In the medium-term, OBE stock has a 50-Day average volume of 955,390 shares and medium-term indicators gave the average rating of “ 100% Sell ”, while in the long-term period the FB stock has a 100-Day average volume of 1,053,234 shares. On average, long-term indicators rated the stock as “100% Sell ”. The overall picture from all short, medium and long-term indicators sets the OBE stock as “96% Sell ” on average basis.

Recently, multiple brokerages have sent out reports on OBE. Raymond James, for example, Downgrade its rating on shares of Obsidian Energy Ltd. from “Outperform ” to a “ Mkt Perform”according to a research note from Friday March 8th, 2019. RBC Capital Mkts Reiterated their target price for this stock from $1.45 to $1.71, while giving the stock a “Sector Perform” rating, as stated in a research report from Monday, November 13th, 2017. Raymond James, on the other hand, Upgrade a from “Mkt Perform ” to “ Outperform” rating on this stock in a research note dated Friday, November 10th, 2017.

In other news related to Obsidian Energy Ltd. stock, Age shares of OBE held by institutions. The total number of institutions who held the OBE shares was 65, according to most recent SEC filling. During the past quarter, total 48 shares held by institutions with the net change of shares. In the meantime, new institutions bought the shares of Obsidian Energy Ltd. for the first time and institutions sold all their holdings in the company’s common stock. institutions increased their investment in the OBE stock and institutions decreased their investment in the Obsidian Energy Ltd. (OBE)’s stock during the last quarter.