Tupperware Brands Corporation (NYSE: TUP) Trading under Its 20 Day MA ($1.2572), Why Showing An Interesting Price Pattern?

Tupperware Brands Corporation (NYSE:TUP) does about 958.98K shares in volume on a normal day but saw 1748912 shares change hands in Tuesday trading. The company now has a market cap of 44.82M USD. Its current market price is $0.96, marking a decrease of -6.49% compared to the previous close of $1.03. 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 $1.2572 and the current price is -83.70% off the 52-week high compared with 57.90% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.3391 and its 200-day simple moving average is $1.8371. If we look at the stock’s price movements over the week, volatility stands at 7.79%, which increases to 7.86% 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 27.44 to suggest the stock is oversold.

The consensus objective for the share price is $4.00, suggesting that the stock has a potential upside of 76.0% 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 -15.51% over the week and -36.21% over the past month. Its price is -51.84% year-to-date and -38.65% over the past year.

To reach the target analysts have set, the stock logically needs to grow 76.0 percent from here.

The beta has a value of 2.86. Price to sales ratio is 0.04.