Hooker Furnishings Corporation (NASDAQ:HOFT) price closed lower on Tuesday, December 24, and dropping -1.57% below its previous close.
A look at the daily price movement shows that the last close reads $14.04, with intraday deals fluctuated between $13.24 and $14.6409. The company’s 5Y monthly beta was ticking 1.205. Taking into account the 52-week price action we note that the stock hit a 52-week high of $27.15 and 52-week low of $13.09. The stock subtracted -25.98% on its value in the past month.
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Hooker Furnishings Corporation, which has a market valuation of $148.01 million, is expected to release its quarterly earnings report in January. The company stock has a Forward Dividend ratio of 0.92, while the dividend yield is 6.66%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.
On average, analysts have forecast the company’s revenue for the quarter will hit 103.31M, with the likely lows of 101.6M and highs of 105.01M. The average estimate suggests sales growth for the quarter will likely rise by 6.75% when compared to those recorded in the same quarter in the last financial year. Staying with the analyst view, there is a consensus estimate of 396.31M for the company’s annual revenue in current year. Per this projection, the revenue is forecast to grow -8.52% below that which the company brought in the current year earning report.
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 HOFT a short term outlook of 50% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Buy, while an average of long term indicators are currently assigning the stock as 100% Sell.
The overview shows that HOFT’s price is at present -17.60% off the SMA20 and -19.26% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 29.78, with weekly volatility standing at 8.79%. The indicator jumps to 6.25% when calculated based on the past 30 days. Hooker Furnishings Corporation (NASDAQ:HOFT)’s beta value is holding at 1.26, while the average true range (ATR) indicator is currently reading 1.05.
An analysis of the Hooker Furnishings Corporation (NASDAQ:HOFT) stock in terms of its daily trading volume indicates that the 3-month average is 27.16K. However, this figure increases on the past 10-day timeline to an average of 55220.0.
Current records show that the company has 10.71M in outstanding shares. The insiders’ percentage holdings are 2.11% of outstanding shares while the percentage share held by institutions stands at 79.00%. The stats also highlight that short interest as of 2024-11-15, stood at 0.17 million shares, which puts the short ratio at the time at 7.61. From this we can glean that short interest is 218.00 of company’s current outstanding shares. Notably, we see that shares short in November fall slightly given the previous month’s figure stood at 0.17 million. But the -47.01% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
