Sally Beauty Holdings Inc (NYSE:SBH) shares, rose in value, with the stock price up by 1.20% to the previous day’s close as strong demand from buyers drove the stock to $11.00.
Actively observing the price movement in the last trading, the stock closed the session at $10.87. The PE ratio was 6.97 over 12-month period. Referring to stock’s 52-week performance, its high was $14.42, and the low was $7.21. On the whole, SBH has fluctuated by -9.61% over the past month.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 3.72B, with a low estimate of 908.2M and a high estimate of 913.8M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 910.76M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that SBH’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0.23, with the price of SBH currently trading nearly -0.22% and -7.73% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 46.97, while the 7-day volatility ratio is showing 3.31% which for the 30-day chart, stands at 3.79%. Furthermore, Sally Beauty Holdings Inc (SBH)’s beta value is 1.49, and its average true range (ATR) is 0.44.
A comparison of Sally Beauty Holdings Inc (SBH) with its peers suggests the former has fared considerably weaker in the market. SBH showed an intraday change of 1.20% in last session, and over the past year, it shrunk by -22.43%%.
Data on historical trading for Sally Beauty Holdings Inc (NYSE:SBH) indicates that the trading volumes over the past 3 months, they’ve averaged 1.44 million. According to company’s latest data on outstanding shares, there are 106.27 million shares outstanding.
Nearly 1.46% of Sally Beauty Holdings Inc’s shares belong to company insiders and institutional investors own 115.91% of the company’s shares. The stock has fallen by -17.17% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SBH stock heading into the next quarter.
