With 49.61M Outstanding Shares, Can Container Store Group Inc (NYSE: TCS) Deliver Big Short-Term Gains?

Container Store Group Inc (NYSE:TCS) currently has a daily average trading volume of 237.86K but it saw 59279204 shares traded in last market. With a market cap of 54.16M USD, the company’s current market price of $1.05 came rising about 85.87 while comparing to the previous closing price of $0.56. In past 52 weeks, the stock remained buoying in the range of price level as high as $3.71 and as low as $0.50.

Taking a look at 20-day trading activity of Container Store Group Inc (TCS) gives us an average price of $0.5748, while its current price level is -71.70% below from 52-week high level whereas it is 110.00% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $0.6351 while that of 200 days or SMA-200 reads an average of $1.3294. A closer look into the stock’s movement over the week reveals that its volatility is standing at 41.43% during that period while stretching the period over a month that decreases to 17.08%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 82.10 which implies that the stock is in overbought territory.

The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Lake Street which downgraded the stock as “Hold” in its note to investors issued on August 02, 2023, recommending a price target of between $5 and $3.50 for it. Goldman issued its recommendations for the stock as it upgraded the price target for the stock in the range of between $3 and $10.

Over the week, TCS’s stock price is moving 94.41% up while it is 88.44% when we observe its performance for the past one month. Year-to-date it is -53.95% down and over the past year, the stock is showing a downside performance of -68.47%.

Currently, Container Store Group Inc’s total number of outstanding shares is 49.61M. Company’s return on investment (ROI) stands at -14.49% and return on equity (ROE) at -48.97%. Stock’s beta reads 1.07. Stock has a price to book (P/B) ratio of 0.33 while price to sale or P/S ratio amounts to 0.06. Its return on asset (ROA) is -10.75% on average.