Abercrombie & Fitch Co. (NYSE:ANF) shares, rose in value on Friday, August 30, with the stock price up by 2.10% to the previous day’s close as strong demand from buyers drove the stock to $145.20.
Actively observing the price movement in the recent trading, the stock is buoying the session at $142.22, falling within a range of $140.3 and $145.88. The value of beta (5-year monthly) is 1.554 whereas the PE ratio is 15.39 over 12-month period. Referring to stock’s 52-week performance, its high was $196.99, and the low was $49.24. On the whole, ANF has fluctuated by 2.06% over the past month.
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With the market capitalization of Abercrombie & Fitch Co. currently standing at about $7.42 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Nov-19.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 4.85B, with a low estimate of 1.16B and a high estimate of 1.19B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.18B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that ANF’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% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0.86, with the price of ANF currently trading nearly -5.21% and -9.84% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 42.46, while the 7-day volatility ratio is showing 5.97% which for the 30-day chart, stands at 5.38%. Furthermore, Abercrombie & Fitch Co. (ANF)’s beta value is 1.51, and its average true range (ATR) is 8.92.
A comparison of Abercrombie & Fitch Co. (ANF) with its peers suggests the former has fared considerably weaker in the market. ANF showed an intraday change of 2.10% in today’s session so far, and over the past year, it grew by 177.68%%.
Data on historical trading for Abercrombie & Fitch Co. (NYSE:ANF) indicates that the trading volumes over the past 10 days have averaged 2.36 and over the past 3 months, they’ve averaged 1.84 million. According to company’s latest data on outstanding shares, there are 50.50 million shares outstanding.
Nearly 1.95% of Abercrombie & Fitch Co.’s shares belong to company insiders and institutional investors own 104.11% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 3.7 million shares as on 2024-08-15, resulting in a short ratio of 1.85. According to the data, the short interest in Abercrombie & Fitch Co. (ANF) stood at 1305.00 of shares outstanding as of 2024-08-15; the number of short shares registered in 2024-07-15 reached 4.27 million. The stock has risen by 64.59% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ANF stock heading into the next quarter.
