Fact Check: What’s up with Canada Goose Holdings Inc. (GOOS) today

The biggest gainers of the session on the Wall Street include Canada Goose Holdings Inc. (NYSE:GOOS), which rose 0.82 points or 2.55% to trade at $33.01 as last check. The stock closed last session at $32.19 and sets an active trading volume day with a reported 870863 contracts so far this session. GOOS shares had a relatively better volume day versus average trading capacity of 2.37 million shares, but with a 58.64 million float and a -6.53% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for GOOS stock indicates that the average analyst price target is $32.9 per share. This means the stock has a potential decrease of -0.33% from where the GOOS share price has been trading recently.

During the recent trading session for Canada Goose Holdings Inc. (NYSE:GOOS), the company witnessed their stock drop by $-1.63 over a week and tumble down $-4.78 from the price 20 days ago. When compared to their established 52-week high of $59.94, the high they recorded in their recent session happens to be higher. Their established 52-week high was attained by the company on 02/14/19. The recent low of $31.67 stood for a -44.93% since 06/06/19, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 0 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 Canada Goose Holdings Inc., the two-week RSI stands at 37.97. This figure suggests that GOOS stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current GOOS readings is similarly very revealing as it has a stochastic reading of 20.27% at this stage. This figure means that GOOS share price today is being overbought.

Technical chart claims that Canada Goose Holdings Inc. (GOOS) would settle between $32.7/share to $33.22/share level. However, if the stock price goes below the $31.81 mark, then the market for Canada Goose Holdings Inc. becomes much weaker. If that happens, the stock price might even plunge as low as $31.44 for its downside target. The stock is currently in the red zone of MACD, with the indicator reading -1.01. 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 Barclays, assumed coverage of GOOS assigning Overweight rating, according to their opinion released on November 25. DA Davidson analysts have lowered their rating of Canada Goose Holdings Inc. (NYSE:GOOS) stock from Buy to Neutral in a separate flash note issued to investors on November 07. Analysts at Goldman released an upgrade from Neutral to Buy for the stock, in a research note that dated back to May 31.

GOOS equity has an average rating of 2, with the figure leaning towards a bullish end. 3 analysts who tracked the company were contacted by Reuters. Amongst them, 0 rated the stock as a hold while the remaining 3 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. 3 analysts rated Canada Goose Holdings Inc. (NYSE:GOOS) 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, GOOS stock price is currently trading at 50.3X forward 12-month Consensus EPS estimates, and its P/E ratio is 33.1 while for the average stock in the same group, the multiple is 22.1. Canada Goose Holdings Inc. current P/B ratio of 11.8 means it is trading at a premium against its industry’s 3.6.