Sprouts Farmers Market Inc. (NASDAQ:SFM) shares, rose in value on Thursday, August 04, with the stock price up by 14.14% to the previous day’s close as strong demand from buyers drove the stock to $31.01.
Actively observing the price movement in the recent trading, the stock is buoying the session at $27.17, falling within a range of $26.785 and $27.30. The value of beta (5-year monthly) is 0.40 whereas the PE ratio is 12.43 over 12-month period. Referring to stock’s 52-week performance, its high was $35.34, and the low was $21.18. On the whole, SFM has fluctuated by 6.88% over the past month.
With the market capitalization of Sprouts Farmers Market Inc. currently standing at about $2.95 billion, investors are eagerly awaiting this quarter’s results, scheduled for Nov 02, 2022 – Nov 07, 2022.
Analysts have estimated the company’s revenue for the quarter at $1.57 billion, with a low estimate of $1.54 billion and a high estimate of $1.58 billion. According to the average forecast, sales growth in current quarter could jump up 3.80%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2023, the company’s y-o-y revenues would reach $6.33 billion, representing an increase of 3.80% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that SFM’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium term indicators have put the stock in the category of 50% Sell while long term indicators on average have been pointing out that it is a 100% Buy.
19 analyst(s) have assigned their ratings of the stock’s forecast evaluation on a scale of 1.00-5.00 to indicate a strong buy to a strong sell recommendation. The stock is rated as a Hold by 8 analyst(s), 4 recommend it as a Buy and 1 called the SFM stock Overweight. In the meantime, 3 analyst(s) believe the stock as Underweight and 3 think it is a Sell. Thus, investors eager to increase their holdings of the company’s stock will have an opportunity to do so as the average rating for the stock is Hold.
The stock’s technical analysis shows that the PEG ratio is about 2.30, with the price of SFM currently trading nearly 14.25% and 17.63% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 75.42, while the 7-day volatility ratio is showing 2.35% which for the 30-day chart, stands at 2.63%. Furthermore, Sprouts Farmers Market Inc. (SFM)’s beta value is 0.42, and its average true range (ATR) is 0.71.
A comparison of Sprouts Farmers Market Inc. (SFM) with its peers suggests the former has fared considerably weaker in the market. SFM showed an intraday change of 14.14% in today’s session so far, and over the past year, it grew by 11.22%%. In comparison, Ingles Markets Incorporated (IMKTA) has moved higher at 1.91% today and is up 64.23% over the past 12 months. On the other hand, the price of The Kroger Co. (KR) has risen 0.81% today. The stock, however, is off 10.21% from where it was a year ago. Additionally, there is a gain of 0.35% for Natural Grocers by Vitamin Cottage Inc. (NGVC) in recent trading while the stock has seen an overall depriciation of 51.45%% over the past year. The PE ratio stands at 12.43 for Sprouts Farmers Market Inc., compared to 8.68 for Ingles Markets Incorporated, and 16.22 for The Kroger Co. Other than that, the overall performance of the S&P 500 during the today’s session so far shows that it lost -0.21%. Meanwhile, the Dow Jones Industrial Slipped by -0.24%.
Data on historical trading for Sprouts Farmers Market Inc. (NASDAQ:SFM) indicates that the trading volumes over the past 10 days have averaged 1.51 million and over the past 3 months, they’ve averaged 1.86 million. According to company’s latest data on outstanding shares, there are 110.90 million shares outstanding.
The data on short interest also indicates that stock shorts accounted for 14.35 million shares as on Jul 14, 2022, resulting in a short ratio of 8.8. According to the data, the short interest in Sprouts Farmers Market Inc. (SFM) stood at 13.09% of shares outstanding as of Jul 14, 2022; the number of short shares registered in Jun 14, 2022 reached 14.46 million. The stock has fallen by -8.46% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SFM stock heading into the next quarter.