STA Research assigns a Speculative Buy rating, and a 12 month target forecast of $13 per share on the ETF.
Based on the VelocityShares 3x Long Natural Gas ETN Linked to the S&P GSCI® Natural Gas Index ER stock (ugazf stock). Stock Target Advisor’s own stock analysis of VelocityShares 3x Long Natural Gas ETN Linked to the S&P GSCI® Natural Gas Index ER is Neutral, which is based on 1 positive signals and 1 negative signals. At the last closing, VelocityShares 3x Long Natural Gas ETN Linked to the S&P GSCI® Natural Gas Index ER’s stock price was USD 8.99. VelocityShares 3x Long Natural Gas ETN Linked to the S&P GSCI® Natural Gas Index ER’s (ugazf stock) stock price has changed by +1.88% over the past week, -5.91% over the past month and -7.03% over the last year.
What we like:
Superior risk-adjusted returns
This stock has performed well, on a risk-adjusted basis, compared to its sector peers (for a hold period of at least 12 months) and is in the top quartile.
What we don’t like:
The total returns for this company are volatile and above median for its sector over the past 5 years. Make sure you have the risk tolerance for investing in such stock.
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