Canada Goose Holdings Inc (NYSE:GOOS) shares, rose in value, with the stock price up by 2.78% to the previous day’s close as strong demand from buyers drove the stock to $11.85.
Actively observing the price movement in the last trading, the stock closed the session at $11.53, falling within a range of $11.55 and $11.88. The value of beta (5-year monthly) was 1.293 whereas the PE ratio was 27.72 over 12-month period. Referring to stock’s 52-week performance, its high was $14.75, and the low was $9.80. On the whole, GOOS has fluctuated by 14.49% over the past month.
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With the market capitalization of Canada Goose Holdings Inc currently standing at about $1.20 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Oct-30.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 986.86M, with a low estimate of 183.96M and a high estimate of 194.89M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 190.73M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that GOOS’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% Sell.
The stock’s technical analysis shows that the PEG ratio is about 1.86, with the price of GOOS currently trading nearly 3.05% and 6.56% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 54.65, while the 7-day volatility ratio is showing 3.49% which for the 30-day chart, stands at 3.27%. Furthermore, Canada Goose Holdings Inc (GOOS)’s beta value is 1.33, and its average true range (ATR) is 0.42.
A comparison of Canada Goose Holdings Inc (GOOS) with its peers suggests the former has fared considerably weaker in the market. GOOS showed an intraday change of 2.78% in last session, and over the past year, it shrunk by -15.72%%.
Data on historical trading for Canada Goose Holdings Inc (NYSE:GOOS) indicates that the trading volumes over the past 10 days have averaged 0.63 and over the past 3 months, they’ve averaged 672.93K. According to company’s latest data on outstanding shares, there are 101.36 million shares outstanding.
Nearly 50.60% of Canada Goose Holdings Inc’s shares belong to company insiders and institutional investors own 39.09% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 9.96 million shares as on 2024-09-30, resulting in a short ratio of 14.11. According to the data, the short interest in Canada Goose Holdings Inc (GOOS) stood at 2916.00 of shares outstanding as of 2024-09-30; the number of short shares registered in 2024-08-30 reached 11.13 million. This could raise investors’ confidence to be optimistic about the GOOS stock heading into the next quarter.
