Signet Jewelers Ltd (NYSE:SIG) price on current trading day, fall -11.88% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $87.00.
A look at the stock’s price movement, the level at last check in today’s session was $98.73, moving within a range at $84.5 and $90.28. The beta value (5-Year monthly) was 2.129 while the PE ratio in trailing twelve months stood at 10.08. Turning to its 52-week performance, $112.06 and $72.26 were the 52-week high and 52-week low respectively. Overall, SIG moved -5.10% over the past month.
Signet Jewelers Ltd’s market cap currently stands at around $3.83 billion, with investors looking forward to this quarter’s earnings report slated for in January. The company has a Forward Dividend ratio of 1.10, with its dividend yield at 1.26%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 2.45B for the company’s revenue for the quarter, with a low and high estimate of 2.4B and 2.5B respectively. The average forecast suggests down to a -2.09% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 6.8B, representing a -5.15% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that SIG is a 50% Buy. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
4 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 3 recommend SIG as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
SIG’s current price about -11.41% and -10.36% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 31.08, while 7-day volatility ratio is 3.32% and 3.02% in the 30-day chart. Further, Signet Jewelers Ltd (SIG) has a beta value of 2.10, and an average true range (ATR) of 3.90. Analysts have given the company’s stock an average 52-week price target of $114.5, forecast between a low of $99 and high of $136. Looking at the price targets, the low is -13.79% off recent price level in today’s trading while to achieve the yearly target high, it has to move -56.32%. Nonetheless, investors will most likely welcome a -31.61% jump to $114.5 which is the analysts’ median price.
If we refocus on Signet Jewelers Ltd (NYSE:SIG), historical trading data shows that trading volumes averaged 1.0 over the past 10 days and 936.32K over the past 3 months. The company’s latest data on shares outstanding shows there are 44.30 million shares.
The 3.96% of Signet Jewelers Ltd’s shares are in the hands of company insiders while institutional holders own 108.14% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 5.27 million on 2024-11-15, giving us a short ratio of 7.13. The data shows that as of 2024-11-15 short interest in Signet Jewelers Ltd (SIG) stood at 2263.9999 of shares outstanding, with shares short rising to 4.84 million registered in 2024-10-15. Current price change has pushed the stock -18.88% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the SIG stock continues to rise going into the next quarter.
