Is Caleres Inc (NYSE: CAL) A Stock A New Investor Should Consider Now?

Caleres Inc (NYSE:CAL) shares, rose in value, with the stock price down by -0.73% to the previous day’s close as strong demand from buyers drove the stock to $32.86.

Actively observing the price movement in the last trading, the stock closed the session at $33.10. The PE ratio was 6.98 over 12-month period. Referring to stock’s 52-week performance, its high was $41.94, and the low was $21.52. On the whole, CAL has fluctuated by -15.85% over the past month.

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The company’s Forward Dividend Ratio is 0.28, with its dividend yield at 0.85%.

Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that CAL’s technical picture suggests that short-term indicators denote the stock is a 50% 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 Hold.

The stock’s technical analysis shows that the PEG ratio is about 0.47, with the price of CAL currently trading nearly -9.97% and -10.77% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 31.54, while the 7-day volatility ratio is showing 3.70% which for the 30-day chart, stands at 3.39%. Furthermore, Caleres Inc (CAL)’s beta value is 1.94, and its average true range (ATR) is 1.28.

A comparison of Caleres Inc (CAL) with its peers suggests the former has fared considerably weaker in the market. CAL showed an intraday change of -0.73% in last session, and over the past year, it grew by 44.57%%.

Data on historical trading for Caleres Inc (NYSE:CAL) indicates that the trading volumes over the past 3 months, they’ve averaged 471.52K. According to company’s latest data on outstanding shares, there are 35.49 million shares outstanding.

Nearly 3.86% of Caleres Inc’s shares belong to company insiders and institutional investors own 96.24% of the company’s shares. The stock has risen by 6.93% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CAL stock heading into the next quarter.

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