Torrid Holdings Inc (NYSE:CURV) finished Thursday with an addition of $0.27 to close at $1.82, an upside of 17.42 percent. An average of 1,075,820 shares of common stock have been traded in the last five days. There was a gain of $0.5200 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 464,355 shares traded, while the 50-day average volume stands at 245,750.
CURV stock has decreased by -21.89% in the last month. The company shares reached their 1-month lowest point of $1.2100 on 09/13/23. With the stock rallying to its 52-week high on 03/31/23, shares of the company touched a low of $1.21 and a high of $5.19 in 52 weeks. It has reached a new high 11 times so far this year and lost -38.51% or -$1.1400 in price. In spite of this, the price is down -64.93% from the 52-week high.
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Valuation Metrics
Torrid Holdings Inc (CURV) has a trailing price-to-earnings (P/E) ratio of 8.66. The stock’s beta is 1.48. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.16, and the price-to-cash flow ratio at 2.84.
Financial Health
The quick ratio of Torrid Holdings Inc for the three months ended July 30 was 0.20, and the current ratio was 0.87, indicating that the company is not able to meet its debt obligations. Torrid Holdings Inc’s EBITDA margin for the year ending July 30 is 14.15%, while its operating margin for the same period stands at 5.85%. Its gross profit as reported stood at $459.54 million compared to revenue of $1.29 billion.
Earnings Surprise
For the three-month period that ended July 30, Torrid Holdings Inc had $296.63 million in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $6.63 million in the quarter, while revenues of $11.81 million were shrunk -242.53%. The analyst consensus anticipated Torrid Holdings Inc’s latest quarter earnings to come in at $0.11 per share, but it turned out to be $0.06, a -45.50% surprise. For the quarter, EBITDA amounted to $39.78 million. Shareholders own equity worth $104.07 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Torrid Holdings Inc (CURV) price momentum. RSI 9-day as of the close on 28 September was 61.74%, suggesting the stock is Neutral, with historical volatility in this time frame at 134.72%.
As of today, CURV’s price is $1.4700 +40.00% or $0.5200 from its 5-day moving average. CURV is currently trading -21.89% lower than its 20-day SMA and -51.21% lower than its 100-day SMA. However, the stock’s current price level is -29.73% below the SMA50 and -45.67% below the SMA200.
The stochastic %K and %D were 49.43% and 32.10%, respectively, and the average true range (ATR) was 0.2495. With the 14-day stochastic at 55.45% and the average true range at 0.2267, the RSI (14) stands at 51.96%. The stock has reached 0.1733 on the 9-day MACD Oscillator while the 14-day reading was at 0.1964.
Analyst Ratings
Robert W. Baird downgraded Torrid Holdings Inc (NYSE: CURV) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as an Outperform. The consensus rating for Torrid Holdings Inc (CURV) among analysts is Hold. According to current brokerage recommendations, 0 brokerage firms advise that investors sell CURV, while 7 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 0 others rate it as a “buy”.
What is CURV’s price target for the next 12 months?
Analysts predict a range of price targets between $1.50 and $2.60, with a median target of $2.00. Taking a look at these predictions, the average price target given by analysts for Torrid Holdings Inc (CURV) stock is $2.10.
