Why Express, Inc. (EXPR) Is An Attractive Stock Today

Express, Inc. (NYSE:EXPR) is a stock to watch today. At current price of $1.96, the shares have already added 0.19 points (10.45% higher) from its previous close of $1.77. The stock sets an active trading volume day with a reported 499718 contracts so far this session. EXPR shares had a relatively better volume day versus average trading capacity of 1.72 million shares, but with a 61 million float and a 12.74% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for EXPR stock indicates that the average analyst price target is $3.38 per share. This means the stock has a potential increase of 72.45% from where the EXPR share price has been trading recently.

During the recent trading session for Express, Inc. (NYSE:EXPR), the company witnessed their stock rise $0.12 over a week and tumble down $-1.85 from the price 20 days ago. When compared to their established 52-week high of $6.24, the high they recorded in their recent session happens to be higher. Their established 52-week high was attained by the company on 10/12/19. The recent low of $1.43 stood for a -68.67% since 03/17/20, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 1.72 is also allocated to the stock. Since the beta is greater 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 Express, Inc., the two-week RSI stands at 32.85. This figure suggests that EXPR 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 EXPR readings is similarly very revealing as it has a stochastic reading of 24.62% at this stage. This figure means that EXPR share price today is being overbought.

Technical chart claims that Express, Inc. (EXPR) would settle between $1.9633/share to $2.1567/share level. However, if the stock price goes below the $1.6233 mark, then the market for Express, Inc. becomes much weaker. If that happens, the stock price might even plunge as low as $1.4767 for its downside target. The stock is currently in the green zone of MACD, with the indicator reading 0.0767. 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 Wedbush, assumed coverage of EXPR assigning Neutral rating, according to their opinion released on May 11. B. Riley FBR, Inc. analysts again handed out a Neutral recommendation to Express, Inc. (NYSE:EXPR) stock but they lifted target price for the shares in a flash note issued to investors on November 30. The target price has been raised from $7 to $9. Analysts at Wolfe Research are sticking to their Peer Perform stance. However, on June 02, they lifted price target for these shares to $6 from $10.

EXPR equity has an average rating of 3, with the figure leaning towards a bullish end. 5 analysts who tracked the company were contacted by Reuters. Amongst them, 5 rated the stock as a hold while the remaining 0 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. 0 analysts rated Express, Inc. (NYSE:EXPR) 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, EXPR stock price is currently trading at 11.06X forward 12-month Consensus EPS estimates, and its P/E ratio is 0 while for the average stock in the same group, the multiple is 20.4. Express, Inc. current P/B ratio of 0.3 means it is trading at a discount against its industry’s 5.4.