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ASAN: 3 Shares You Should Keep away from in April – StockNews.com

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Buyers can be pleased to be taught the POWR Rankings have been calculated as soon as once more. The newest POWR Rankings establish a number of shares which were demoted all the way down to F grades, that means they’re Sturdy Sells.

Our POWR Rankings system evaluated shares primarily based on 118 various factors. These elements present rankings that assist us decide if a inventory is prone to carry out nicely or poorly within the weeks and months forward. A inventory with a Promote or Sturdy Promote is extra prone to underperform over the close to time period.    

With out additional ado, let’s check out three shares not too long ago downgraded within the POWR Rankings. These shares are Asana (ASAN), NIO (NIO), and McEwen Mining (MUX).

Asana (ASAN)

ASAN affords a platform for work administration within the type of software program as a service. This platform makes it simpler for workers to finish work. Nonetheless, this San Francisco-based firm is prone to wrestle within the yr forward.

ASAN has an general grade of F, which is a Sturdy Promote ranking in our POWR Rankings service. The inventory has D grades within the High quality, Worth, Progress, and Stability parts of the POWR Rankings. Click on right here to be taught extra about how ASAN fares within the Momentum and Sentiment parts.

Of the 61 publicly traded firms within the Software program – Enterprise business, ASAN is ranked fifty fifth. This business as an entire has a D ranking. You will discover the top-ranked shares within the Software program – Enterprise business by clicking right here.

Analysts are bearish on ASAN, establishing an common goal worth of $27. If ASAN dips to this goal worth, it’ll have decreased by greater than 19%. Buyers ought to avoid ASAN till the corporate proves it will probably broaden income and scale prices.

NIO (NIO)

NIO was all the trend on the peak of the pandemic, but the inventory is clearly overvalued at its present buying and selling worth of $37 and alter. NIO has an F grade within the Stability element of the POWR Rankings and D grades within the High quality, Sentiment, and Worth parts. You will discover out how NIO fares within the Momentum and Progress parts by clicking right here.

Of the 82 publicly traded China shares, NIO is ranked almost lifeless final, coming in at 79th. Click on right here to search out top-ranked shares within the China business. As an entire, this section has a D ranking. NIO has a year-to-date worth return of -23.80% and a three-month worth return of -40.14%. 

NIO dipped 15% in March alone, capping off a two-month drop of greater than 30%. Buyers are taking earnings off the desk after NIO soared in 2020. Add within the reality that there’s a semiconductor scarcity, and there’s much more purpose to be bearish on NIO. The manufacturing shutdown may minimize NIO’s first-quarter automotive deliveries by 1,000.

McEwen Mining (MUX)

Gold and valuable supplies have been fairly engaging in the course of the pandemic. But, curiosity in shares on this house is starting to dissipate. MUX is a type of shares.

MUX has D grades within the High quality, Sentiment, Worth, and Stability parts of the POWR Rankings. Buyers who wish to be taught extra about how MUX fares within the Momentum and Progress parts can accomplish that by clicking right here.

Of the 54 publicly traded shares within the Miners – Diversified business, MUX is ranked forty ninth. Click on right here to search out high shares on this business. This business is F-rated. MUX’s fourth-quarter earnings have been disappointing as income got here in in need of estimates. The corporate’s newest quarter loss was six cents per share, but analysts anticipated a lack of two cents per share.


ASAN shares have been buying and selling at $34.61 per share on Tuesday morning, up $0.78 (+2.31%). Yr-to-date, ASAN has gained 17.12%, versus a ten.34% rise within the benchmark S&P 500 index throughout the identical interval.

In regards to the Creator: Patrick Ryan

Patrick Ryan has greater than a dozen years of investing expertise with a concentrate on info know-how, shopper and leisure sectors. Along with working for StockNews, Patrick has additionally written for Wealth Authority and Fallon Wealth Administration. Extra…

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