Shoe Carnival, Inc (NASDAQ:SCVL) shares, rose in value on Friday, November 22, with the stock price up by 0.15% to the previous day’s close as strong demand from buyers drove the stock to $33.90.
Actively observing the price movement in the last trading, the stock closed the session at $33.85, falling within a range of $33.53 and $35.0. The value of beta (5-year monthly) was 1.557 whereas the PE ratio was 12.03 over 12-month period. Referring to stock’s 52-week performance, its high was $46.92, and the low was $22.75. On the whole, SCVL has fluctuated by -4.75% over the past month.
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With the market capitalization of Shoe Carnival, Inc currently standing at about $921.19 million, investors are eagerly awaiting this quarter’s results, scheduled for in December. The company’s Forward Dividend Ratio is 0.53, with its dividend yield at 1.55%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.22B, with a low estimate of 267.88M and a high estimate of 287.9M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 277.89M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that SCVL’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 1.20, with the price of SCVL currently trading nearly -5.23% and -12.58% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 35.03, while the 7-day volatility ratio is showing 4.66% which for the 30-day chart, stands at 3.45%. Furthermore, Shoe Carnival, Inc (SCVL)’s beta value is 1.54, and its average true range (ATR) is 1.43.
A comparison of Shoe Carnival, Inc (SCVL) with its peers suggests the former has fared considerably weaker in the market. SCVL showed an intraday change of 0.15% in last session, and over the past year, it grew by 43.46%%.
Data on historical trading for Shoe Carnival, Inc (NASDAQ:SCVL) indicates that the trading volumes over the past 10 days have averaged 0.39 and over the past 3 months, they’ve averaged 348.85K. According to company’s latest data on outstanding shares, there are 27.13 million shares outstanding.
Nearly 35.51% of Shoe Carnival, Inc’s shares belong to company insiders and institutional investors own 70.96% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 2.94 million shares as on 2024-10-31, resulting in a short ratio of 10.38. According to the data, the short interest in Shoe Carnival, Inc (SCVL) stood at 1993.00 of shares outstanding as of 2024-10-31; the number of short shares registered in 2024-09-30 reached 2.63 million. The stock has risen by 12.21% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SCVL stock heading into the next quarter.
