The trading price of Canada Goose Holdings Inc. (NYSE:GOOS) closed higher on Tuesday, Jan 12, closing at $31.58, 3.13% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $31.27 and $32.64. The company’s P/E ratio in the trailing 12-month period was 47.69, while its 5Y monthly beta was 0. In examining the 52-week price action we see that the stock hit a 52-week high of $39.32 and a 52-week low of $12.94. Over the past month, the stock has gained 4.39% in value.
On the technical side, indicators suggest GOOS has a Hold on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned GOOS a recommendation rating is 16. Out of them, no one rate it a Hold, while 10 recommend Buy, whereas 1 assign an Outperform rating. 1 analyst(s) have tagged Canada Goose Holdings Inc. (GOOS) as Underperform, while 4 advise Sell. Analysts have rated the stock Overweight, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 1.67, which symbolizes a positive outlook. A quick review shows that GOOs price is currently 6.63% off the SMA20 and 0.49% off the SMA50. The RSI metric on the 14-day chart is currently showing 57.79, and weekly volatility stands at 4.3%. When measured over the past 30 days, the indicator reaches 3.62%. Canada Goose Holdings Inc. (NYSE:GOOS)’s beta value is currently sitting at 0, while the Average True Range indicator is currently displaying 1.18. With analysts defining $18.42-$45.83 as the low and high price targets, we arrive at a consensus price target of $35 for the trailing 12-month period. The current price is about -43.44% off the estimated low and 40.71% off the forecast high, based on this estimate. Investors will be thrilled if GOOs share price rises to $37.6, which is the median consensus price. At that level, GOOs share price would be +15.44% above current price.
To see how Canada Goose Holdings Inc. stock has been performing in comparison to its peers in the industry, here are the numbers: GOOS stock’s performance was +3.13% in the latest trading, and -3.21% in the past year, while Farfetch Ltd Cl A (FTCH) has traded +3.1% on the day and positioned +456.67% higher than it was a year ago. Another comparable company L Brands Inc (LB) saw its stock close 0.81% higher in the most recent trading session but was up +134.22% in a year. Furthermore, Tapestry Inc (TPR) showed an increase of 3.13% on the day while its price kept declining at -3.21% over the past year. Canada Goose Holdings Inc. has a P/E ratio of 47.69, compared to Farfetch Ltd Cl A’s 0 and L Brands Inc’s 0. Also in last trading session, the S&P 500 Index has surged 0.04%, while the Dow Jones Industrial also saw a positive session, up +0.19% on the day.
An evaluation of the daily trading volume of Canada Goose Holdings Inc. (NYSE:GOOS) indicates that the 3-month average is 1.33 Million. However, this figure has increased over the past 10 days to an average of 1.55 Million.
Currently, records show that 59.14 Million of the company’s shares remain outstanding. According to Thomson Reuters data, insiders hold 0.62% of outstanding shares, whereas institutions hold 96.87%. The stats also highlight that short interest as of December 14, 2020, stood at 8.65 Million shares, resulting in a short ratio of 5.36 at that time. From this, we can conclude that short interest is 7.85% of the company’s total outstanding shares. It is noteworthy that short shares in December were down slightly from the previous month’s figure, which was 9.12 Million. However, since the stock’s price has seen +9.41% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
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