Kirkland’s Inc. (NASDAQ:KIRK) does about 1.98M shares in volume on a normal day but saw 6135963 shares change hands in Monday trading. The company now has a market cap of 109.50M USD and an enterprise value of about $355.38M. Its current market price is $8.67, marking an increase of 14.08% compared to the previous close of $7.60. The 52 week high reached by this stock is $13.58 whilst the lowest price level in 52 weeks is $0.56. The script in recent trading has seen the stock touch a high of $9.20 and a low of $7.23.
Kirkland’s Inc. (KIRK) has a 20-day trading average at $8.25 and the current price is -36.16% off the 52-week high compared with 1448.21% distance from its 52-week low. The 50-day simple moving average of the closing price is $5.39 and its 200-day simple moving average is $2.20. If we look at the stock’s price movements over the week, volatility stands at 27.77%, which decreases to 18.99% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 56.58 to suggest the stock is neutral.
1 analysts observing the Kirkland’s Inc. (KIRK) stock have set the 12-month price targets for the company’s shares at between $4.00 and $4.00. The median price target is -116.75% away from the current levels at $4.00.
FactSet Research has provided data showing that 1 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 1 analysts have rated it as a buy and 0 have advised that investors hold their positions. The consensus recommendation rating is Buy and Wall Street’s advice is for investors to Strong Buy the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on May 15, 2019 when B. Riley FBR downgraded the stock to “Neutral” and issued a price target of between $12 and $6.50. KeyBanc Capital Mkts also downgraded the stock to “Sector Weight” from Overweight on January 07, 2019 at a price target of . B. Riley FBR Inc. reiterated its price target at $14.50-$12.50.
The current price level is 6.70%, 64.77%, and 300.02% away from its SMA20, SMA50, and SMA200 respectively, with the KIRK price moving below the 50-day SMA on August 31. Kirkland’s Inc. (KIRK) stock is down -14.83% over the week and 61.15% over the past month. Its price is 599.19% year-to-date and 489.80% over the past year.
The stock last released its quarterly earnings report for quarter ended 10/30/2019, with the company’s earnings per share (EPS) of -$0.58 below consensus estimates by -$0.08. The company’s next earnings report is expected on 09/03/2020. Expected sales for next quarter are $132.5 million, which analysts say will come at $540.81 million for the current fiscal year and next year at $524.83 million. In addition, estimates put the company’s current quarterly revenue at an average of $110.97 million.
Its 12-month price target is $4.00. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $4.00, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $4.00.
Outstanding shares total 13.99M with insiders holding 8.20% of the shares and institutional holders owning 49.36% of the company’s common stock. The company has a return on investment of -69.80% and return on equity of -62.80%. The beta has a value of 1.69. Price to book ratio is 1.74 and price to sales ratio is 0.20.
According to a U.S. Securities and Exchange Commission filing, Small Cap Value Fund, Inc has added its position in Kirkland’s Inc. (KIRK) to 390,576 shares, mirroring a recent increase by 167.02%. Small Cap Value Fund, Inc added 0.24 million shares of Kirkland’s Inc. common stock bringing its total worth to about $2.1 million at the end of recent close, SEC documents show. Small Cap Value Fund, Inc isn’t the only investment manager who changed stakes and is followed by Invesco FTSE RAFI US 1500 Small M, which sold off 1042.0 shares to end up with 257,289 shares worth $1.38 million. Vanguard Extended Market Index Fu cut their holdings by 0.00% in the company over the course of the most recent quarter. It now holds a 1.63% position in Kirkland’s Inc. thanks to 0.23 million shares amounting to $1.23 million.