Shoe Carnival, Inc (NASDAQ:SCVL) shares, rose in value on Friday, May 09, with the stock price down by -3.39% to the previous day’s close as strong demand from buyers drove the stock to $17.98.
Actively observing the price movement in the last trading, the stock closed the session at $18.61. The PE ratio was 6.71 over 12-month period. Referring to stock’s 52-week performance, its high was $46.92, and the low was $16.14. On the whole, SCVL has fluctuated by -13.93% over the past month.
With the market capitalization of Shoe Carnival, Inc currently standing at about $488.60 million, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 0.56, with its dividend yield at 3.09%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.18B, with a low estimate of 279.4M and a high estimate of 290.92M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 285.16M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that SCVL’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 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 2.81, with the price of SCVL currently trading nearly 1.37% and -10.44% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 45.58, while the 7-day volatility ratio is showing 3.85% which for the 30-day chart, stands at 5.21%. Furthermore, Shoe Carnival, Inc (SCVL)’s beta value is 1.40, and its average true range (ATR) is 1.03.
A comparison of Shoe Carnival, Inc (SCVL) with its peers suggests the former has fared considerably weaker in the market. SCVL showed an intraday change of -3.39% in last session, and over the past year, it shrunk by -48.61%%.
Data on historical trading for Shoe Carnival, Inc (NASDAQ:SCVL) indicates that the trading volumes over the past 3 months, they’ve averaged 567.85K. According to company’s latest data on outstanding shares, there are 27.17 million shares outstanding.
Nearly 37.86% of Shoe Carnival, Inc’s shares belong to company insiders and institutional investors own 73.88% of the company’s shares. The stock has fallen by -45.65% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SCVL stock heading into the next quarter.
