Tupperware Brands Corporation (NYSE:TUP) does about 1.05M shares in volume on a normal day but saw 757556 shares change hands in Friday trading. The company now has a market cap of 55.84M USD. Its current market price is $1.20, marking a decrease of -2.44% compared to the previous close of $1.23. The 52 week high reached by this stock is $5.91 whilst the lowest price level in 52 weeks is $0.61.
Tupperware Brands Corporation (TUP) has a 20-day trading average at $1.3990 and the current price is -79.70% off the 52-week high compared with 96.72% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.4382 and its 200-day simple moving average is $1.8268. If we look at the stock’s price movements over the week, volatility stands at 8.18%, which decreases to 7.48% 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 35.75 to suggest the stock is neutral.
The consensus objective for the share price is $4.00, suggesting that the stock has a potential upside of 70.0% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on May 05, 2022 when DA Davidson downgraded the stock to “Neutral” and issued a price target of $13. Citigroup also downgraded the stock to “Neutral” from Buy on May 05, 2022 at a price target of $26-$13. Citigroup upgraded its price target at $31-$36.
Tupperware Brands Corporation (TUP) stock is down -10.45% over the week and -9.77% over the past month. Its price is -40.00% year-to-date and -51.61% over the past year.
The stock last released its quarterly earnings report for quarter ended 12/30/2022, with the company’s earnings per share (EPS) of -$0.24 below consensus estimates by -$0.53. Expected sales for next quarter are $288.3 million, which analysts say will come at $1.18 billion for the current fiscal year and next year at $1.22 billion. In addition, estimates put the company’s current quarterly revenue at an average of $237.8 million.
To reach the target analysts have set, the stock logically needs to grow 70.0 percent from here.
Outstanding shares total 46.53M with insiders holding 8.81% of the shares and institutional holders owning 25.19% of the company’s common stock. The beta has a value of 2.82. Price to sales ratio is 0.05.
