Arhaus Inc. (NASDAQ:ARHS) saw an upside of 9.40% to $12.69 after adding $1.09 on Wednesday. The 5-day average trading volume is 1,431,794 shares of the company’s common stock. It has gained $12.88 in the past week and touched a new high 3 times within the past 5 days. An average of 759,574 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 717,661.
ARHS’s 1-month performance is 13.71% or $2.53 on its low of $10.04 reached on 07/10/23. The company’s shares have touched a 52-week low of $5.70 and high of $15.27, with the stock’s rally to the 52-week high happening on 02/16/23. YTD, ARHS has achieved 30.15% or $2.94 and has reached a new high 16 times. However, the current price is down -16.90% from the 52-week high price.
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Insider Transactions
ARHS stock investors last saw insider trading activity on Aug 04.Sparks Dawn (Chief Logistics Officer) most recently sold 79,637 shares at $12.02 per share on Aug 04. This transaction cost the insider $957,062. Chief Logistics Officer, Sparks Dawn, sold 70,363 shares at a price of $12.00 on Aug 03. Then, on Mar 16, Chief Retail Officer VELTRI KATHY E sold 35,000 shares at a price of $8.74 per share. This transaction amounted to $306,026.
Valuation Metrics
ARHS stock has a beta of 2.52. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.37 while the price-to-book (PB) in the most recent quarter is 7.21.
Arhaus Inc.’s quick ratio for the period ended March 30 was 0.60, with the current ratio over the same period at 1.40. As well, the company’s long term debt to equity for the quarter ending March 30 was 0.21, while the total debt to equity was 0.21. In terms of profitability, the gross margin trailing 12 months is 43.20%. The trailing 12-month EBITDA margin is 19.42% while for the period ending March 30, Arhaus Inc.’s operating margin was 16.10%. The firm’s gross profit as reported stood at $525.06 million against revenue of $1.23 billion.
Earnings Surprise
For the quarterly period ending March 30 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 52.9% to $34.1 million, while revenue of $47.0 million was -37.83% off the previous quarter. Analysts expected ARHS to announce $0.2 per share in earnings in its latest quarter, but it posted $0.25, representing a 25.00% surprise. EBITDA for the quarter stood at more than $64.39 million. ARHS stock balance sheet for the quarter ending March 30 shows that total liabilities totaled 720.79 million, with total debt at $408.23 million. Shareholders hold equity totaling $140.04 million.
Let’s look briefly at Arhaus Inc. (ARHS) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 08 August was 72.41% to suggest the stock is trending Overbought, with historical volatility in this time period at 51.37%.
The stock’s 5-day moving average is $12.00, reflecting a +9.78% or $1.13 change from its current price. ARHS is currently trading +12.80% above its 20-day SMA, +41.31% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +76.50% and SMA200 by+70.79%.
Stochastic %K and %D was 66.61% and 68.05% and the average true range (ATR) pointed at 0.59. The RSI (14) points at 70.20%, while the 14-day stochastic is at 91.20% with the period’s ATR at 0.54. The stock’s 9-day MACD Oscillator is pointing at 0.25 and 0.44 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Arhaus Inc. (NASDAQ: ARHS), Craig Hallum launched coverage with a Buy rating. Analysts offering their rating for ARHS stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate ARHS as a “sell,”, while 1 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 8 have offered a “buy” rating.
What is ARHS’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $9.00 and a high of $15.00, with their median price target at $12.00. Looking at these predictions, the average price target given by analysts is for Arhaus Inc. (ARHS) stock is $12.20.
