Signet Jewelers Ltd (NYSE:SIG) shares, rose in value, with the stock price down by -0.58% to the previous day’s close as strong demand from buyers drove the stock to $96.16.
Actively observing the price movement in the last trading, the stock closed the session at $96.72, falling within a range of $96.12 and $97.385. The value of beta (5-year monthly) was 2.107 whereas the PE ratio was 11.14 over 12-month period. Referring to stock’s 52-week performance, its high was $112.06, and the low was $67.18. On the whole, SIG has fluctuated by 10.61% over the past month.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
With the market capitalization of Signet Jewelers Ltd currently standing at about $4.24 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Dec-05. The company’s Forward Dividend Ratio is 1.04, with its dividend yield at 1.08%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 6.81B, with a low estimate of 1.36B and a high estimate of 1.38B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.37B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that SIG’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% Sell while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the price of SIG currently trading nearly -1.06% and 11.65% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 55.06, while the 7-day volatility ratio is showing 2.13% which for the 30-day chart, stands at 3.26%. Furthermore, Signet Jewelers Ltd (SIG)’s beta value is 2.12, and its average true range (ATR) is 3.33.
A comparison of Signet Jewelers Ltd (SIG) with its peers suggests the former has fared considerably weaker in the market. SIG showed an intraday change of -0.58% in last session, and over the past year, it grew by 35.04%%.
Data on historical trading for Signet Jewelers Ltd (NYSE:SIG) indicates that the trading volumes over the past 10 days have averaged 1.05 and over the past 3 months, they’ve averaged 928.14K. According to company’s latest data on outstanding shares, there are 44.20 million shares outstanding.
Nearly 4.19% of Signet Jewelers Ltd’s shares belong to company insiders and institutional investors own 109.63% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 4.97 million shares as on 2024-09-30, resulting in a short ratio of 4.5. According to the data, the short interest in Signet Jewelers Ltd (SIG) stood at 2133.00 of shares outstanding as of 2024-09-30; the number of short shares registered in 2024-08-30 reached 4.85 million. The stock has fallen by -10.35% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SIG stock heading into the next quarter.
