Chico’s Fas Inc. (NYSE:CHS) traded with an addition of $2.86 to $7.47 on Thursday, an upside of 61.93 percent. An average of 8,343,156 shares of common stock have been traded in the last five days. There was a gain of $2.90 in the past week, and it reached a new high 18 times over the past 12 months. The last 20 days have seen an average of 3,791,779 shares traded, while the 50-day average volume stands at 2,443,426.
CHS stock has increased by 44.11% in the last month. The company shares reached their 1-month lowest point of $4.37 on 09/25/23. With the stock rallying to its 52-week high on 09/28/23, shares of the company touched a low of $4.33 and a high of $7.30 in 52 weeks. It has reached a new high 10 times so far this year and achieved 51.73% or $2.55 in price. In spite of this, the price is up 2.19% from the 52-week high.
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Insider Transactions
CHS stock investors should be aware that Chico’s Fas Inc. (CHS) stock had its last reported insider trading activity 196 days ago on Mar 16. In this transaction, the insider spent $437,088. Director, Brooks Bonnie R., disposed of 30,400 shares at a price of $6.15 on Mar 10. The insider now owns more than $186,960 worth of shares. Prior to that, Director Brooks Bonnie R. went on to Sale 100,000 shares at $5.75 each on Nov 30. An amount of $575,000 was transacted.
Valuation Metrics
Chico’s Fas Inc. (CHS) has a trailing price-to-earnings (P/E) ratio of 7.01, which compares with the N/A for the broader industry. The stock’s beta is 1.30. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.43, the price-to-book (PB) ratio at 2.22, and the price-to-cash flow ratio at 3.32.
Financial Health
The quick ratio of Chico’s Fas Inc. for the three months ended July 30 was 0.51, and the current ratio was 1.21, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.95 and a total debt to equity ratio of 1.32 for the quarter ending July 30. Chico’s Fas Inc.’s EBITDA margin for the year ending July 30 is 17.23%, while its operating margin for the same period stands at 6.52%. Its gross profit as reported stood at $838.44 million compared to revenue of $2.14 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Chico’s Fas Inc.’s return on assets was 10.62%.
Earnings Surprise
For the three-month period that ended July 30, Chico’s Fas Inc. had $24.0 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 $59.32 million in the quarter, while revenues of $39.91 million were grew 29.27%. The analyst consensus anticipated Chico’s Fas Inc.’s latest quarter earnings to come in at $0.27 per share, but it turned out to be $0.28, a 3.70% surprise. For the quarter, EBITDA amounted to $55.73 million. Shareholders own equity worth $123.44 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Chico’s Fas Inc. (CHS) price momentum. RSI 9-day as of the close on 27 September was 90.46%, suggesting the stock is Overbought, with historical volatility in this time frame at 239.19%.
As of today, CHS’s price is $5.14 +63.57% or $2.90 from its 5-day moving average. CHS is currently trading +47.44% higher than its 20-day SMA and +47.44% higher than its 100-day SMA. However, the stock’s current price level is +33.24% above the SMA50 and +32.77% above the SMA200.
The stochastic %K and %D were 75.28% and 57.50%, respectively, and the average true range (ATR) was 0.48. With the 14-day stochastic at 98.88% and the average true range at 0.38, the RSI (14) stands at 84.08%. The stock has reached 0.69 on the 9-day MACD Oscillator while the 14-day reading was at 0.82.
Analyst Ratings
B. Riley Securities launched coverage on Chico’s Fas Inc. (NYSE: CHS) in its analyst report released on March 30, 2023. The firm assigned the stock a Buy rating.
