Torrid Holdings Inc (CURV) Is A Possible Investment At Current Levels

Torrid Holdings Inc (NYSE:CURV) price on Tuesday, December 24, rose 2.26% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $4.97.

A look at the stock’s price movement, the close in the last trading session was $4.86, moving within a range at $4.63 and $4.99. The beta value (5-Year monthly) was 1.96 while the PE ratio in trailing twelve months stood at 34.59. Turning to its 52-week performance, $9.14 and $2.18 were the 52-week high and 52-week low respectively. Overall, CURV moved 25.51% over the past month.

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Torrid Holdings Inc’s market cap currently stands at around $532.42 million, with investors looking forward to this quarter’s earnings report slated for in January.

Turning to the stock’s technical picture we see that short term indicators suggest on average that CURV is a Hold. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.

5 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 2 analyst(s) rate the stock as a Hold, 1 recommend CURV as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 2 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.

The technical evaluation for the stock shows the PEG ratio is 1.44, with CURV’s current price about 15.55% and 23.31% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 64.38, while 7-day volatility ratio is 7.51% and 9.24% in the 30-day chart. Further, Torrid Holdings Inc (CURV) has a beta value of 1.98, and an average true range (ATR) of 0.37. Analysts have given the company’s stock an average 52-week price target of $4.9, forecast between a low of $3.5 and high of $6. Looking at the price targets, the low is 29.58% off current price level while to achieve the yearly target high, price needs to move -20.72%. Nonetheless, investors will most likely welcome a 1.41% jump to $4.9 which is the analysts’ median price.

If we refocus on Torrid Holdings Inc (NYSE:CURV), historical trading data shows that trading volumes averaged 0.69 over the past 10 days and 586.37K over the past 3 months. The company’s latest data on shares outstanding shows there are 104.73 million shares.

The 80.43% of Torrid Holdings Inc’s shares are in the hands of company insiders while institutional holders own 13.80% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 0.51 million on 2024-11-15, giving us a short ratio of 1.31. The data shows that as of 2024-11-15 short interest in Torrid Holdings Inc (CURV) stood at 407.00003999999996 of shares outstanding, with shares short falling to 0.62 million registered in 2024-10-15. Current price change has pushed the stock -13.86% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the CURV stock continues to rise going into the next quarter.

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