Columbia Sportswear Co. (NASDAQ: COLM) Is A Blank Check For Growth

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Columbia Sportswear Co. (NASDAQ:COLM) shares, rose in value, with the stock price up by 0.80% to the previous day’s close as strong demand from buyers drove the stock to $79.08.

Actively observing the price movement in the last trading, the stock closed the session at $78.45. The PE ratio was 19.36 over 12-month period. Referring to stock’s 52-week performance, its high was $87.23, and the low was $66.01. On the whole, COLM has fluctuated by -4.57% over the past month.

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The company’s Forward Dividend Ratio is 1.20, with its dividend yield at 1.52%.

Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 3.39B, with a low estimate of 552.49M and a high estimate of 575.85M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 567.5M.

Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that COLM’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a Hold.

The stock’s technical analysis shows that the PEG ratio is about 1.84, with the price of COLM currently trading nearly -4.26% and -3.55% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 38.69, while the 7-day volatility ratio is showing 2.46% which for the 30-day chart, stands at 2.32%. Furthermore, Columbia Sportswear Co. (COLM)’s beta value is 0.93, and its average true range (ATR) is 1.88.

A comparison of Columbia Sportswear Co. (COLM) with its peers suggests the former has fared considerably weaker in the market. COLM showed an intraday change of 0.80% in last session, and over the past year, it grew by 3.28%%.

Data on historical trading for Columbia Sportswear Co. (NASDAQ:COLM) indicates that the trading volumes over the past 3 months, they’ve averaged 459.93K. According to company’s latest data on outstanding shares, there are 60.00 million shares outstanding.

Nearly 44.50% of Columbia Sportswear Co.’s shares belong to company insiders and institutional investors own 53.60% of the company’s shares. The stock has fallen by -0.58% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the COLM stock heading into the next quarter.

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