The trading price of Express Inc. (NYSE:EXPR) closed lower on Friday, October 08, closing at $4.52, -0.88% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $4.48 and $4.6399. In examining the 52-week price action we see that the stock hit a 52-week high of $13.97 and a 52-week low of $0.57. Over the past month, the stock has lost -15.83% in value.
Express Inc., whose market valuation is $305.42 million at the time of this writing, is expected to release its quarterly earnings report Dec 01, 2021 – Dec 06, 2021. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by $0.02 per share this quarter, however they have predicted annual earnings per share of -$0.22 for 2022 and $0.26 for 2023. It means analysts are expecting annual earnings per share growth of 95.50% this year and 218.20% next year.
Analysts have forecast the company to bring in revenue of $503.1 million for the current quarter, with the likely lows of $480.2 million and highs of $526 million. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2022 is $1.95 billion. The company’s revenue is forecast to grow by 61.10% over what it did in 2022.
A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Express Inc. 2 upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest EXPR has a 50% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Buy, while an average of long term indicators suggests that the stock is currently Hold.
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 EXPR a recommendation rating is 2. Out of them, 2 rate it a Hold, while 0 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged Express Inc. (EXPR) as Underweight, while 0 advise Sell. Analysts have rated the stock Hold, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
A quick review shows that EXPR’s price is currently -11.70% off the SMA20 and -18.21% off the SMA50. The RSI metric on the 14-day chart is currently showing 35.48, and weekly volatility stands at 4.68%. When measured over the past 30 days, the indicator reaches 5.94%. Express Inc. (NYSE:EXPR)’s beta value is currently sitting at 1.90, while the Average True Range indicator is currently displaying 0.29. With analysts defining $6.00-$6.00 as the low and high price targets, we arrive at a consensus price target of $6.00 for the trailing 12-month period. The current price is about -32.74% off the estimated low and -32.74% off the forecast high, based on this estimate. Investors will be thrilled if EXPR’s share price rises to $6.00, which is the median consensus price. At that level, EXPR’s share price would be -32.74% below current price.
To see how Express Inc. stock has been performing in comparison to its peers in the industry, here are the numbers: EXPR stock’s performance was -0.88% in the latest trading, and 519.18% in the past year, while The Gap Inc. (GPS) has traded -1.82% on the day and positioned 16.99% higher than it was a year ago. Another comparable company Abercrombie & Fitch Co. (ANF) saw its stock close -0.08% lower in the most recent trading session but was up 133.00% in a year. Furthermore, The Buckle Inc. (BKE) showed a decrease of -1.47% on the day while its price kept inclining at 85.83% over the past year. Express Inc. has a P/E ratio of 0, compared to The Gap Inc.’s 14.09 and Abercrombie & Fitch Co.’s 9.13. Also in last trading session, the S&P 500 Index has plunged -0.19%, while the Dow Jones Industrial also saw a negative session, down -0.03% on the day.
An evaluation of the daily trading volume of Express Inc. (NYSE:EXPR) indicates that the 3-month average is 5.12 million. However, this figure has increased over the past 10 days to an average of 2.7 million.
Currently, records show that 66.53 million of the company’s shares remain outstanding. The insiders hold 5.40% of outstanding shares, whereas institutions hold 57.50%. The stats also highlight that short interest as of Aug 30, 2021, stood at 3.33 million shares, resulting in a short ratio of 0.51 at that time. From this, we can conclude that short interest is 4.98% of the company’s total outstanding shares. It is noteworthy that short shares in August were down slightly from the previous month’s figure, which was 5.18 million. However, since the stock’s price has seen 396.70% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.