Stein Mart, Inc. (NASDAQ:SMRT) traded at $0.39 at last check on Tuesday, Jun 30, making a downturn move of -7.83% on its previous day’s price.
Looking at the stock we see that its previous close was $0.4188 and the beta (5Y monthly) reads 0.09 with the day’s price range being $0.3782 – 0.4000. In terms of its 52-week price range, SMRT has a high of $0.95 and a low of $0.23. The company’s stock has gained about 5.23% over that past 30 days.
On the other hand, looking at the outlook for the SMRT stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 50% Sell. Long term indicators on average place the stock in the category of 100% Sell.
Let’s briefly compare Stein (SMRT) stock to its peers. We find that today’s price change of -7.83% and -51.3% over the past 12 months for SMRT competes that of Farfetch Ltd Cl A (FTCH), which has seen its stock price rise 0.09% in the latest trading session and is -16.35% over the last one year. Another of its peers Levi Strauss & Co. Cl A (LEVI) has dropped -0.53% today, but is -36.59% down over the past year, while Gap Inc (GPS) is also down -7.83% yet its price remains in the red at -51.3% over the same period. Farfetch has a P/E ratio of 0 compared to Stein’s 0 and Levi’s 13.58. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at 0.04% and 0.46%, respectively, in early deals.
Coming back to Stein Mart, Inc. (NASDAQ:SMRT), we note that the average 3-month trading volume was 2.52 Million, while that of the preceding 10-day period stands at 2.18 Million. Current shares outstanding are 48.49 Million.
According to data from Thomson Reuters, insiders hold 48.28% of the company’s shares while institutions hold 7.33%. The data shows that short shares as of June 14, 2020, stood at 603.43 Million at a short ratio of 0.15. This represents a 1.24% Short interest in Shares outstanding on June 14, 2020. Shares short dropped in June from the previous month at 916.26 Million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -37.42% down in year-to-date price movement.