Arhaus Inc. (NASDAQ:ARHS) traded at $13.92 at close of the session on Monday, 01/23/23, made an upward move of 7.74% on its previous day’s price.
Looking at the stock we see that its previous close was $12.92 with the day’s price range being $12.93 – $14.10. The company has a trailing 12-month PE ratio of 24.81. In terms of its 52-week price range, ARHS has a high of $13.41 and a low of $4.23. The company’s stock has gained about 45.61% over that past 30 days.
Arhaus Inc. has a market cap of $1.86 billion and is expected to release its quarterly earnings report on Mar 09, 2023. Estimates by analysts give the company expected earnings per share (EPS) of $0.2, with the EPS growth for the year raised at $0.88 for 2022 and $0.89 for next year. These figures represent 25.70% and 1.10% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $348.25 million, with a low of $310.4 million and a high of $355 million. The median projection represents growth squeezing down to 46.20% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2022 is expected to hit $1.23 billion, or 53.90% up from figures reported last year.
There have been 1 upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the ARHS stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 100% Buy.
Based on estimates by 9 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 1 have rated the Arhaus Inc. (ARHS) stock as a Hold, while 6 rate it as a Buy. 2 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note that the PEG ratio for the ARHS stock currently stands at 1.43, and the current price level is 26.89% off its SMA20 and 39.55% from its 50-day simple moving average. The RSI (14) is pointing at 74.96 while the volatility over the past week is 7.76% and jumps to 6.54% over the past one month. The average price target for the stock over the next 12 months is $14.06, with the estimates having a low of $12.00 and a high of $16.50. These price ends are 13.79% and -18.53% off the current price level respectively, although investors could be excited at the prospect of a -0.57% if the ARHS share price touches on the median price of $14.00.
Let’s briefly compare Arhaus Inc. (ARHS) stock to its peers. We find that current price change of 7.74% and 52.80% over the past 12 months for ARHS competes that of RH (RH), which has seen its stock price rise 4.03% in the last trading session and was -23.01% over the last one year. Another of its peers Wayfair Inc. (W) has gained 26.80% previous session, and was -59.89% down over the past year. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial were at 1.19% and 0.76%, respectively, at close of the trading.
Coming back to Arhaus Inc. (NASDAQ:ARHS), we note that the average 3-month trading volume was 607.77K, while that of the preceding 10-day period stands at 1.19 million. Current shares outstanding are 138.49 million.
The insiders hold 0.20% of the company’s shares while institutions hold 82.00%. The data shows that short shares as of Dec 29, 2022, stood at 3.27 million at a short ratio of 7.35. This represents a 2.33% short interest in shares outstanding on Dec 29, 2022. Shares short rose in December from the previous month at 3.13 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 42.77% up in year-to-date price movement.