Kidpik Corp (NASDAQ: PIK)’S Stock Adds 44.05%, But It May Make Sense To Invest.

Kidpik Corp (NASDAQ:PIK) price is hovering higher on current market day and jumping 44.05% above its previous close.

A look at today’s price movement shows that the recent level at last check reads $2.27, with intraday deals fluctuating between $2.81 and $4.8999. The company’s 5Y monthly beta was ticking 3.085. Taking into account the 52-week price action we note that the stock hit a 52-week high of $10.70 and 52-week low of $1.55. The stock added 46.64% on its value in the past month.

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Kidpik Corp, which has a market valuation of $6.38 million, is expected to release its quarterly earnings report in January.

Technical indicators in stocks provide crucial insights into market trends, guiding investors with precise entry and exit points based on price movements for informed decision-making.On the technical perspective front, indicators give PIK a short term outlook of Hold on average. Looking at the stock’s medium term indicators we note that it is averaging as a Hold, while an average of long term indicators are currently assigning the stock as 50% Buy.

The overview shows that PIK’s price is at present 42.10% off the SMA20 and 42.00% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 73.20, with weekly volatility standing at 11.70%. The indicator jumps to 10.36% when calculated based on the past 30 days. Kidpik Corp (NASDAQ:PIK)’s beta value is holding at 2.96, while the average true range (ATR) indicator is currently reading 0.41.

An analysis of the Kidpik Corp (NASDAQ:PIK) stock in terms of its daily trading volume indicates that the 3-month average is 31.17K. However, this figure increases on the past 10-day timeline to an average of 68820.0.

Current records show that the company has 1.95M in outstanding shares. The insiders’ percentage holdings are 90.49% of outstanding shares while the percentage share held by institutions stands at 0.18%. The stats also highlight that short interest as of 2024-10-31, stood at 9719.0 shares, which puts the short ratio at the time at 0.53. From this we can glean that short interest is 261.00 of company’s current outstanding shares. Notably, we see that shares short in October fall slightly given the previous month’s figure stood at 16300.0. But the 78.20% upside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.

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