Capri Holdings Ltd (NYSE:CPRI) price on Thursday, April 10, fall -10.57% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $14.63.
A look at the stock’s price movement, the close in the last trading session was $16.36. Turning to its 52-week performance, $43.94 and $11.86 were the 52-week high and 52-week low respectively. Overall, CPRI moved -24.90% over the past month.
Capri Holdings Ltd’s market cap currently stands at around $1.73 billion, with investors looking forward to this quarter’s earnings report slated for in May.
Analysts have a consensus estimate of 989M for the company’s revenue for the quarter, with a low and high estimate of 973.49M and 1.01B respectively. The average forecast suggests down to a -19.13% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 4.39B, representing a -14.99% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that CPRI is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
11 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 3 analyst(s) rate the stock as a Hold, 8 recommend CPRI as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
CPRI’s current price about -21.84% and -29.12% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 35.91, while 7-day volatility ratio is 21.94% and 9.83% in the 30-day chart. Further, Capri Holdings Ltd (CPRI) has a beta value of 1.64, and an average true range (ATR) of 1.78. Analysts have given the company’s stock an average 52-week price target of $65, forecast between a low of $38 and high of $99. Looking at the price targets, the low is -159.74% off current price level while to achieve the yearly target high, price needs to move -576.69%. Nonetheless, investors will most likely welcome a -344.29% jump to $65 which is the analysts’ median price.
If we refocus on Capri Holdings Ltd (NYSE:CPRI), historical trading data shows that trading volumes averaged 4.23 million over the past 3 months. The company’s latest data on shares outstanding shows there are 117.91 million shares.
The 2.49% of Capri Holdings Ltd’s shares are in the hands of company insiders while institutional holders own 86.71% of the company’s shares. Current price change has pushed the stock -30.53% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the CPRI stock continues to rise going into the next quarter.
