iMedia Brands Inc. (NASDAQ:IMBI) price on Friday, August 06, rose 3.83% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $7.32.
A look at the stock’s price movement, the close in the last trading session was $7.05, moving within a range at $6.83 and $7.88. The beta value (5-Year monthly) was 1.90. Turning to its 52-week performance, $10.48 and $3.93 were the 52-week high and 52-week low respectively. Overall, IMBI moved -0.54% over the past month.
iMedia Brands Inc.’s market cap currently stands at around $159.50 million, with investors looking forward to this quarter’s earnings report slated for Aug 16, 2021 – Aug 20, 2021. Analysts project the company’s earnings per share (EPS) to be -$0.23, which has seen fiscal year 2022 EPS growth forecast to increase to -$0.74 and about -$0.39 for fiscal year 2023. Per the data, EPS growth is expected to be 39.80% for 2021 and 47.30% for the next financial year.
Analysts have a consensus estimate of $120.82 million for the company’s revenue for the quarter, with a low and high estimate of $119.95 million and $121.55 million respectively. Wall Street analysts have also projected the company’s year-on-year revenue for 2022 to grow to $497.63 million, representing a 9.60% jump on that reported in the last financial year.
Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was 1 upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that IMBI is a 50% Sell. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in Hold category.
IMBI’s current price about 9.20% and -6.96% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 56.14, while 7-day volatility ratio is 8.66% and 5.65% in the 30-day chart. Further, iMedia Brands Inc. (IMBI) has a beta value of 1.85, and an average true range (ATR) of 0.40.
In the market, a comparison of iMedia Brands Inc. (IMBI) and its peers suggest the former has performed considerably stronger. Data shows IMBI’s intraday price has changed 3.83% in last session and 64.49% over the past year. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are up 0.17% and 0.41% respectively in the last trading.
If we refocus on iMedia Brands Inc. (NASDAQ:IMBI), historical trading data shows that trading volumes averaged 0.12 million over the past 10 days and 201.11K over the past 3 months. The company’s latest data on shares outstanding shows there are 15.52 million shares.
The 6.80% of iMedia Brands Inc.’s shares are in the hands of company insiders while institutional holders own 22.30% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 56460.0 on May 27, 2021, giving us a short ratio of 0.79. The data shows that as of May 27, 2021 short interest in iMedia Brands Inc. (IMBI) stood at 0.34% of shares outstanding, with shares short falling to 61730.0 registered in Apr 29, 2021. Current price change has pushed the stock 53.14% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the IMBI stock continues to rise going into the next quarter.