Steven Madden Ltd. (NASDAQ:SHOO) price on Friday, April 19, rose 1.48% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $39.12.
A look at the stock’s price movement, the close in the last trading session was $38.55. The beta value (5-Year monthly) was 1.16 while the PE ratio in trailing twelve months stood at 16.99. Turning to its 52-week performance, $45.63 and $29.92 were the 52-week high and 52-week low respectively. Overall, SHOO moved -3.95% over the past month.
Steven Madden Ltd.’s market cap currently stands at around $2.89 billion, with investors looking forward to this quarter’s earnings report slated for May 07, 2024 – May 13, 2024. The company has a Forward Dividend ratio of 0.84, with its dividend yield at 2.15%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that SHOO is a 50% Sell. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
The technical evaluation for the stock shows the PEG ratio is 1.70, with SHOO’s current price about -3.45% and -6.12% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 36.75, while 7-day volatility ratio is 1.85% and 2.07% in the 30-day chart. Further, Steven Madden Ltd. (SHOO) has a beta value of 1.17, and an average true range (ATR) of 0.90.
If we refocus on Steven Madden Ltd. (NASDAQ:SHOO), historical trading data shows that trading volumes averaged 857.99K over the past 3 months. The company’s latest data on shares outstanding shows there are 73.68 million shares.
The 5.53% of Steven Madden Ltd.’s shares are in the hands of company insiders while institutional holders own 104.96% of the company’s shares. Current price change has pushed the stock -6.86% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the SHOO stock continues to rise going into the next quarter.
