Capri Holdings Ltd (NYSE:CPRI) traded with an addition of $0.02 to close at $52.74on Friday, an upside of 0.04 percent. An average of 1,567,995 shares of common stock have been traded in the last five days. There was a gain of $0.38 in the past week, and it reached a new high 33 times over the past 12 months. The last 20 days have seen an average of 2,017,204 shares traded, while the 50-day average volume stands at 3,481,785.
CPRI stock has increased by 0.51% in the last month. The company shares reached their 1-month lowest point of $52.17 on 09/25/23. With the stock rallying to its 52-week high on 02/03/23, shares of the company touched a low of $34.17 and a high of $69.25 in 52 weeks. It has reached a new high 15 times so far this year and lost -7.99% or -$4.58 in price. In spite of this, the price is down -23.84% from the 52-week high.
Valuation Metrics
Capri Holdings Ltd (CPRI) has a trailing price-to-earnings (P/E) ratio of 15.11, which compares with the N/A for the broader industry. The stock’s beta is 2.16. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.12, the price-to-book (PB) ratio at 3.38, and the price-to-cash flow ratio at 14.11.
Financial Health
The quick ratio of Capri Holdings Ltd for the three months ended June 29 was 0.52, and the current ratio was 1.33, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.81 and a total debt to equity ratio of 2.05 for the quarter ending June 29. Its gross profit as reported stood at $3.72 billion compared to revenue of $5.62 billion.
Earnings Surprise
For the three-month period that ended June 29, Capri Holdings Ltd had $1.92 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $48.0 million in the quarter, while revenues were shrunk -318.75%. The analyst consensus anticipated Capri Holdings Ltd’s latest quarter earnings to come in at $0.71 per share, but it turned out to be $0.74, a 4.20% surprise. For the quarter, EBITDA amounted to $125.0 million. Shareholders own equity worth $116.07 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Capri Holdings Ltd (CPRI) price momentum. RSI 9-day as of the close on 28 September was 67.61%, suggesting the stock is Neutral, with historical volatility in this time frame at 4.77%.
As of today, CPRI’s price is $52.47 +0.73% or $0.38 from its 5-day moving average. CPRI is currently trading +0.48% higher than its 20-day SMA and +39.56% higher than its 100-day SMA. However, the stock’s current price level is +45.89% above the SMA50 and -9.12% below the SMA200.
The stochastic %K and %D were 44.63% and 28.81%, respectively, and the average true range (ATR) was 0.40. With the 14-day stochastic at 63.84% and the average true range at 0.53, the RSI (14) stands at 69.06%. The stock has reached 0.14 on the 9-day MACD Oscillator while the 14-day reading was at 0.15.
Analyst Ratings
JP Morgan downgraded Capri Holdings Ltd (NYSE: CPRI) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as an Overweight.
