Capri Holdings Limited (NYSE:CPRI) is among the top losers of the stock market today, sinking -2.66% or (-0.79 points) to $28.91 from its previous close of $29.7. 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 1003510 contracts so far this session. CPRI shares had a relatively better volume day versus average trading capacity of 2.4 million shares, but with a 0.14 billion float and a -5.23% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for CPRI stock indicates that the average analyst price target is $44.76 per share. This means the stock has a potential increase of 54.83% from where the CPRI share price has been trading recently.
During the recent trading session for Capri Holdings Limited (NYSE:CPRI), the company witnessed their stock drop by $-1.45 over a week and tumble down $-8.26 from the price 20 days ago. When compared to their established 52-week high of $50, the high they recorded in their recent session happens to be higher. Their established 52-week high was attained by the company on 11/04/19. The recent low of $25.25 stood for a -42.18% since 03/09/19, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 0.97 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 Capri Holdings Limited, the two-week RSI stands at 31.41. This figure suggests that CPRI 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 CPRI readings is similarly very revealing as it has a stochastic reading of 8.5% at this stage. This figure means that CPRI share price today is being overbought.
Technical chart claims that Capri Holdings Limited (CPRI) would settle between $30.39/share to $31.07/share level. However, if the stock price goes below the $29.27 mark, then the market for Capri Holdings Limited becomes much weaker. If that happens, the stock price might even plunge as low as $28.84 for its downside target. The stock is currently in the red zone of MACD, with the indicator reading -0.79. 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 BMO Capital Markets, assumed coverage of CPRI assigning Outperform rating, according to their opinion released on February 04. BMO Capital Markets, analysts launched coverage of Capri Holdings Limited (NYSE:CPRI) stock with a Outperform recommendation, according to their flash note issued to investors on February 03. Analysts at Needham lowered the stock to a Hold call from its previous Buy recommendation, in a research note that dated back to January 29.
CPRI equity has an average rating of 2.5, with the figure leaning towards a bullish end. 25 analysts who tracked the company were contacted by Reuters. Amongst them, 15 rated the stock as a hold while the remaining 10 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. 10 analysts rated Capri Holdings Limited (NYSE:CPRI) 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, CPRI stock price is currently trading at 5.91X forward 12-month Consensus EPS estimates, and its P/E ratio is 13.1 while for the average stock in the same group, the multiple is 20.5. Capri Holdings Limited current P/B ratio of 1.7 means it is trading at a discount against its industry’s 3.5.
Capri Holdings Limited (CPRI)’s current-quarter revenues are projected to climb by nearly -2.4% to hit $1.31 billion, based on current consensus estimate. The firm’s full-year revenues are expected to expand by over 8.1% from $5.24 billion to a noteworthy $5.66 billion. At the other end of the current quarter income statement, Capri Holdings Limited is expected to see its adjusted earnings surge by roughly 19% to hit $0.75 per share. For the fiscal year, CPRI’s earnings are projected to climb by roughly -9.7% to hit $4.49 per share.