1847 Goedeker Inc. (AMEX:GOED) finished Wednesday with an addition of $0.04 to close at $3.45, an upside of 1.17 percent. An average of 2,237,740 shares of common stock have been traded in the last five days. There was a gain of $0.34 in the past week. The last 20 days have seen an average of 3,490,915 shares traded, while the 50-day average volume stands at 3,945,640.
GOED stock has increased by 22.78% in the last month. The company shares reached their 1-month lowest point of $2.71 on 09/14/21. With the stock rallying to its 52-week high on 05/27/21, shares of the company touched a low of $1.77 and a high of $17.75 in 52 weeks. In spite of this, the price is down -80.56% from the 52-week high.
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1847 Goedeker Inc. (GOED) has a trailing price-to-earnings (P/E) ratio of 21.00 for the broader industry and 31.09 for the sector. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.27, the price-to-book (PB) ratio at 0.64.
The quick ratio of 1847 Goedeker Inc. for the three months ended June 29 was 0.90, and the current ratio was 1.20, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.26 and a total debt to equity ratio of 0.29 for the quarter ending June 29. 1847 Goedeker Inc.’s EBITDA margin for the year ending June 29 is -21.90%, while its operating margin for the same period stands at -18.90%. Its gross profit as reported stood at $7.25 million compared to revenue of $55.13 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, 1847 Goedeker Inc.’s return on assets was -14.70%. For the broader industry, ROE averaged 10.33 over the past year.
The analyst consensus anticipated 1847 Goedeker Inc.’s latest quarter earnings to come in at $0.16 per share, but it turned out to be $0.11, a -31.20% surprise. For the quarter, EBITDA amounted to -$0.52 million. Shareholders own equity worth $106.39 million.
From a technical analysis perspective, let’s take a brief look at 1847 Goedeker Inc. (GOED) price momentum. RSI 9-day as of the close on 13 October was 67.26%, suggesting the stock is Neutral, with historical volatility in this time frame at 32.94%.
As of today, GOED’s price is $3.29 +10.93% or $0.34 from its 5-day moving average. GOED is currently trading +16.16% higher than its 20-day SMA and -39.47% lower than its 100-day SMA. However, the stock’s current price level is +19.79% above the SMA50 and -53.75% below the SMA200.
The stochastic %K and %D were 67.39% and 55.82%, respectively, and the average true range (ATR) was 0.19. With the 14-day stochastic at 79.28% and the average true range at 0.20, the RSI (14) stands at 61.82%. The stock has reached 0.14 on the 9-day MACD Oscillator while the 14-day reading was at 0.13.
The consensus rating for 1847 Goedeker Inc. (GOED) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell GOED, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.
What is GOED’s price target for the next 12 months?
Analysts predict a range of price targets between $12.00 and $12.00, with a median target of $12.00. Taking a look at these predictions, the average price target given by analysts for 1847 Goedeker Inc. (GOED) stock is $12.00.