Ulta Beauty Inc (NASDAQ:ULTA) shares, rose in value, with the stock price down by -0.40% to the previous day’s close as strong demand from buyers drove the stock to $406.39.
Actively observing the price movement in the last trading, the stock closed the session at $408.01. The PE ratio was 15.60 over 12-month period. Referring to stock’s 52-week performance, its high was $574.76, and the low was $368.02. On the whole, ULTA has fluctuated by -20.86% 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 11.76B, with a low estimate of 2.68B and a high estimate of 2.79B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 2.73B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that ULTA’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 2.29, with the price of ULTA currently trading nearly -8.98% and -19.16% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 23.28, while the 7-day volatility ratio is showing 1.94% which for the 30-day chart, stands at 2.50%. Furthermore, Ulta Beauty Inc (ULTA)’s beta value is 1.36, and its average true range (ATR) is 12.33.
A comparison of Ulta Beauty Inc (ULTA) with its peers suggests the former has fared considerably weaker in the market. ULTA showed an intraday change of -0.40% in last session, and over the past year, it shrunk by -25.77%%.
Data on historical trading for Ulta Beauty Inc (NASDAQ:ULTA) indicates that the trading volumes over the past 3 months, they’ve averaged 833.80K. According to company’s latest data on outstanding shares, there are 48.32 million shares outstanding.
Nearly 0.24% of Ulta Beauty Inc’s shares belong to company insiders and institutional investors own 94.90% of the company’s shares. The stock has fallen by -17.06% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ULTA stock heading into the next quarter.
