As of Wednesday close, Guess? Inc.’s (NYSE:GES) stock was up $0.44, moving up 1.81 percent to $24.71. The average number of shares traded per day over the past five days has been 2,945,900 shares. 3 times new highs have been achieved over the past 5 days, with a $6.40 gain in that time frame. In the last twenty days, the average volume was 1,281,525, while in the previous 50 days, it was 967,096.
Since last month, GES stock rose 18.57%. Shares of the company fell to $17.92 on 08/23/23, the lowest level in the past month. A 52-week high of $24.42 was reached on 08/30/23 after having rallying from a 52-week low of $14.27. Since the beginning of this year, GES’s stock price has risen by 19.43% or $4.02, and marked a new high 12 times. However, the stock has increased by 1.21% since its 52-week high.
GES stock investors should be aware that Guess? Inc. (GES) stock had its last reported insider trading activity 85 days ago on Jun 07. Weinswig Deborah, the Director of the company, disposed of 20,000 shares for $20.67 on Jun 07. It resulted in a $413,466 divestment by the insider. CHIDONI ANTHONY sold 10,000 shares at an average price of $16.60 on Sep 19. The insider now owns 199,552 shares following the transaction.
Valuation Metrics
Right now, Guess? Inc. (GES) has a P/E ratio of about 13.01. The stock’s beta is 1.90. Besides these, the trailing price-to-sales (P/S) ratio of 0.51, the price-to-book (PB) ratio of 2.97.
The latest dividend of $0.30 per share was paid out, remained unchanged from last year’s $0.30.
Financial Health
In the three months ended July 30, Guess? Inc.’s quick ratio stood at 0.80, while its current ratio was 1.50, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending July 30 was 0.94, and the total debt-to-equity ratio was 1.28. On the profitability front, the trailing twelve-month gross margin is 42.60% percent. Based on annual data, GES earned $1.15 billion in gross profit and brought in $2.69 billion in revenue.
In Guess? Inc.’s quarter-end financial report for July 30, it reported total debt of $159.37 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. GES’s revenue fell -4.15% to $722.07 million during the quarter, while net income inched up to $569.8 million. While analysts expected Guess? Inc. to report $0.4 quarterly earnings, the actual figure was $0.72 per share. During the quarter, the company generated $14.89 million in EBITDA. The liabilities of Guess? Inc. were 1.95 billion at the end of its most recent quarter ended July 30, and its total debt was $1.27 billion. The value of shareholders’ equity is $53.53 million.
Technical Picture
This quick technical analysis looks at Guess? Inc.’s (GES) price momentum. With a historical volatility rate of 123.68%, the RSI 9-day stood at 76.37% on 30 August.
With respect to its five-day moving average, the current Guess? Inc. price is up by +34.95% percent or $6.40. At present, GES shares trade +19.89% above its 20-day simple moving average and +32.85% percent above its 100-day simple moving average. However, the stock is currently trading approximately +21.84% above its SMA50 and +35.55% above its SMA200.
Stochastic coefficient K was 95.41% and Stochastic coefficient D was 89.86%, while ATR was 1.07. Given the Stochastic reading of 99.41% for the 14-day period, the RSI (14) reading has been calculated as 72.20%. As of today, the MACD Oscillator reading stands at 2.57, while the 14-day reading stands at 3.07.
Analyst Ratings
UBS launched its rating on Guess? Inc. (NYSE: GES) to a Neutral in a note to investors on June 16, 2023. Guess? Inc. (GES) has been rated Overweight by analysts. According to 0 brokerage firms, GES is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Guess? Inc. stock as buy, with 2 recommending it as overweight.
With a median target price of $25.50, the current consensus forecast for the stock is $22.00 – $32.50. Based on these forecasts, analysts predict Guess? Inc. (GES) will achieve an average price target of $26.38.
