More To Go Or Is It Over? – Tupperware Brands Corporation (TUP)

Tupperware Brands Corporation (NYSE:TUP) does about 2.70M shares in volume on a normal day but saw 727755 shares change hands in the recent trading day. The company now has a market cap of 63.28M USD. Its current market price is $1.36, marking no change compared to the previous close of $1.36. The 52 week high reached by this stock is $5.91 whilst the lowest price level in 52 weeks is $0.61. The script in recent trading has seen the stock touch a high of $3 and a low of $3.

Tupperware Brands Corporation (TUP) has a 20-day trading average at $1.4130 and the current price is -76.99% off the 52-week high compared with 122.95% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.5276 and its 200-day simple moving average is $1.5990. If we look at the stock’s price movements over the week, volatility stands at 7.94%, which increases to 8.87% 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 43.92 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 66.0% over the period. The median price target is 54.67% away from the current levels at $3.

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 Hold the stock.

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 -4.23% over the week and -26.49% over the past month. Its price is -32.00% year-to-date and 84.16% over the past year.

The stock last released its quarterly earnings report for quarter ended 12/31/2022, with the company’s earnings per share (EPS) of 0.12 below consensus estimates by -0.4. The company’s next earnings report forecasts estimating quarterly EPS at 0 and 0 for whole year. Expected sales for next quarter are $288.3M, which analysts say will come at $1.18B for the current fiscal year and next year at $1.22B. In addition, estimates put the company’s current quarterly revenue at an average of $237.8M.

Its 12-month price target is $3. To reach the target analysts have set, the stock logically needs to grow 66.0 percent from here. 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 $3, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $3.

The beta has a value of 2.95. Price to sales ratio is 0.06.