What just happened? GNC Holdings, Inc. (NYSE:GNC) stock value has plummeted by nearly -2.84% or (-0.05 points) to $1.71 from its previous close of $1.76. Does this decline mean it the best stock to buy right now? The shares seem to have an active trading volume day with a reported 878674 contracts so far this session. GNC shares had a relatively better volume day versus average trading capacity of 2.31 million shares, but with a 81.99 million float and a -9.74% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for GNC stock indicates that the average analyst price target is $6 per share. This means the stock has a potential increase of 250.88% from where the GNC share price has been trading recently which is between $1.75 and $1.88. There are some brokerage firms that offer lower targets than the average, with one of them, even setting their price target at $6.
The most recent news story about the stock that appeared in Yahoo Finance‘s news section was titled “Are GNC Holdings, Inc.s Returns On Capital Worth Investigating?” and dated May 14, 2019.
During the recent trading session for GNC Holdings, Inc. (NYSE:GNC), the company witnessed their stock drop by $-0.27 over a week and tumble down $-0.64 from the price 20 days ago. When compared to their established 52-week high of $4.65, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 10/17/18. The recent low of $1.7 stood for a -63.23% since 05/17/19, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 0.9 is also allocated to the stock. Since the beta is less than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.
Looking at the current readings for GNC Holdings, Inc., the two-week RSI stands at 26.9. This figure suggests that GNC stock, for now, is overbought, meaning that the shares are not stable in terms of price movement. The stochastic readings, on the other hand, based on the current GNC readings is similarly very revealing as it has a stochastic reading of 4.67% at this stage. This figure means that GNC share price today is being overbought.
Technical chart claims that GNC Holdings, Inc. (GNC) would settle between $1.84/share to $1.93/share level. However, if the stock price goes below the $1.71 mark, then the market for GNC Holdings, Inc. becomes much weaker. If that happens, the stock price might even plunge as low as $1.67 for its downside target. The stock is currently in the red zone of MACD, with the indicator reading -0.11. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.
Analysts at Buckingham Research, assumed coverage of GNC assigning Buy rating, according to their opinion released on October 29. Morgan Stanley, analysts launched coverage of GNC Holdings, Inc. (NYSE:GNC) stock with a Equal-Weight recommendation, according to their flash note issued to investors on May 30. Analysts at BofA/Merrill are sticking to their Underperform stance. However, on August 22, they lifted price target for these shares to $5.50 from $6.25.
GNC equity has an average rating of 2, with the figure leaning towards a bullish end. 2 analysts who tracked the company were contacted by Reuters. Amongst them, 1 rated the stock as a hold while the remaining 1 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while no rated it as a sell. 1 analysts rated GNC Holdings, Inc. (NYSE:GNC) as a buy or a strong buy while not a single analyst advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.
Moving on, GNC stock price is currently trading at 2.77X forward 12-month Consensus EPS estimates, and its P/S ratio is 0.24 while for the average stock in the same group, the multiple is 0.89.