Tile Shop Holdings Inc. (TTSH) Price Target: Is It Set To Rise Or Fall In Price?

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TMC
TMC

Tile Shop Holdings Inc. (NASDAQ:TTSH) traded with a subtraction of -$0.22 to $3.44 on Thursday, a downside of -6.01 percent. An average of 591,434 shares of common stock have been traded in the last five days. There was a fall of -$0.22 in the past week, and it reached a new high 12 times over the past 12 months. The last 20 days have seen an average of 406,638 shares traded, while the 50-day average volume stands at 295,939.

TTSH stock has decreased by -7.34% in the last month. The company shares reached their 1-month lowest point of $3.43 on 09/21/22. With the stock rallying to its 52-week high on 01/03/22, shares of the company touched a low of $2.70 and a high of $8.19 in 52 weeks. It has reached a new high 1 time so far this year and lost -48.67% or -$3.68 in price. In spite of this, the price is down -58.02% from the 52-week high.


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Valuation Metrics

Tile Shop Holdings Inc. (TTSH) has a trailing price-to-earnings (P/E) ratio of 13.02. The stock’s beta is 1.51. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.47, the price-to-book (PB) ratio at 1.40.

Financial Health

The quick ratio of Tile Shop Holdings Inc. for the three months ended March 30 was 0.30, and the current ratio was 1.40, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.04 and a total debt to equity ratio of 0.04 for the quarter ending March 30. Its gross profit as reported stood at $253.13 million compared to revenue of $370.7 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, Tile Shop Holdings Inc.’s return on assets was 4.10%.

Earnings Surprise

For the three-month period that ended March 30, Tile Shop Holdings Inc. had $5.0 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $6.91 million in the quarter, while revenues of $3.51 million were grew 20.55%. The analyst consensus anticipated Tile Shop Holdings Inc.’s latest quarter earnings to come in at $0.09 per share, but it turned out to be $0.07, a -22.20% surprise. For the quarter, EBITDA amounted to $16.27 million. Shareholders own equity worth $52.26 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Tile Shop Holdings Inc. (TTSH) price momentum. RSI 9-day as of the close on 21 September was 35.98%, suggesting the stock is Neutral, with historical volatility in this time frame at 71.84%.

As of today, TTSH’s price is $3.63 -5.99% or -$0.22 from its 5-day moving average. TTSH is currently trading -13.97% lower than its 20-day SMA and -42.31% lower than its 100-day SMA. However, the stock’s current price level is +23.21% above the SMA50 and -52.67% below the SMA200.

The stochastic %K and %D were 16.25% and 25.65%, respectively, and the average true range (ATR) was 0.23. With the 14-day stochastic at 3.12% and the average true range at 0.22, the RSI (14) stands at 39.98%. The stock has reached -0.15 on the 9-day MACD Oscillator while the 14-day reading was at -0.22.

Analyst Ratings

Lake Street launched coverage on Tile Shop Holdings Inc. (NASDAQ: TTSH) in its analyst report released on November 19, 2021. The firm assigned the stock a Buy rating.

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