Movado Group, Inc. (NYSE: MOV) on Monday, plunged -1.95% from the previous trading day, before settling in for the closing price of $18.97. Within the past 52 weeks, MOV’s price has moved between $17.86 and $31.44.
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It was noted that within the last five years, the titan of the Consumer Cyclical sector saw sales topped by 2.20%. The company achieved an average annual earnings per share of -57.28%. With a float of $15.13 million, this company’s outstanding shares have now reached $15.68 million.
The extent of productivity of a business whose workforce counts for 1548 workers is very important to gauge.
Movado Group, Inc. (MOV) Insider Updates
Observing investor behavior towards Luxury Goods industry stocks is more important than anything else. The insider ownership of Movado Group, Inc. is 31.93%, while institutional ownership is 69.59%. The most recent insider transaction that took place on Jul 17 ’24, was worth 32,432. In this transaction SVP, Human Resources of this company sold 1,245 shares at a rate of $26.05, taking the stock ownership to the 12,202 shares. Before that another transaction happened on Dec 22 ’23, when Company’s Chief Financial Officer sold 31,630 for $30.62, making the entire transaction worth $968,637. This insider now owns 66,600 shares in total.
Movado Group, Inc. (MOV) Performance Highlights and Predictions
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According to the Wall Street analysts, stocks earnings will be around -57.28% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 15.00% during the next five years compared to -4.60% drop over the previous five years of trading.
Movado Group, Inc. (NYSE: MOV) Trading Performance Indicators
Movado Group, Inc. (MOV) is currently performing well based on its current performance indicators. A quick ratio of 2.92 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.62. Likewise, its price to free cash flow for the trailing twelve months is 17.13.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.59, a number that is poised to hit 0.32 in the next quarter and is forecasted to reach 2.54 in one year’s time.
Technical Analysis of Movado Group, Inc. (MOV)
The latest stats from [Movado Group, Inc., MOV] show that its last 5-days average volume of 1.17 million was superior to 0.2 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 39.00%. Additionally, its Average True Range was 0.73.
During the past 100 days, Movado Group, Inc.’s (MOV) raw stochastic average was set at 7.44%, which indicates a significant decrease from 33.04% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 32.86% in the past 14 days, which was lower than the 37.44% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $22.43, while its 200-day Moving Average is $25.97. Now, the first resistance to watch is $18.91. This is followed by the second major resistance level at $19.23. The third major resistance level sits at $19.40. If the price goes on to break the first support level at $18.42, it is likely to go to the next support level at $18.25. Assuming the price breaks the second support level, the third support level stands at $17.93.
Movado Group, Inc. (NYSE: MOV) Key Stats
Market capitalization of the company is 413.29 million based on 22,210K outstanding shares. Right now, sales total 672,600 K and income totals 46,710 K. The company made 159,310 K in profit during its latest quarter, and 3,720 K in sales during its previous quarter.
