Shoe Carnival, Inc. (SCVL) At $40.63 Offering A Unique Opportunity

Shoe Carnival, Inc. (NASDAQ:SCVL) currently has a daily average trading volume of 233.42K but it saw 1005082 shares traded in last market. With a market cap of 1.10B USD, the company’s current market price of $40.63 came rising about 8.20 while comparing to the previous closing price of $37.55. In past 52 weeks, the stock remained buoying in the range of price level as high as $44.48 and as low as $20.75. In the recent trading on the day, stock has struck highest price mark of $39.7347 while lowest mark touched by it was $43.24.

Taking a look at 20-day trading activity of Shoe Carnival, Inc. (SCVL) gives us an average price of $41.53, while its current price level is -8.66% below from 52-week high level whereas it is 95.81% 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 $39.92 while that of 200 days or SMA-200 reads an average of $33.54. A closer look into the stock’s movement over the week reveals that its volatility is standing at 5.41% during that period while stretching the period over a month that decreases to 3.58%. 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 49.46 which implies that the stock is in neutral territory.

Monness Crespi & Hardt issued its recommendations for the stock as it reiterated the price target for the stock in the range of between $36 and $27.

Over the week, SCVL’s stock price is moving 0.40% up while it is 3.83% when we observe its performance for the past one month. Year-to-date it is 34.49% up and over the past year, the stock is showing an upside performance of 84.10%.

Currently, Shoe Carnival, Inc.’s total number of outstanding shares is 27.13M. Company’s return on investment (ROI) stands at 8.13% and return on equity (ROE) at 13.05%. It has a price to earnings ratio (P/E ratio) of 15.02 while having a 12.82 of forward P/E ratio. Stock’s beta reads 1.53. Stock has a price to book (P/B) ratio of 1.85 while price to sale or P/S ratio amounts to 0.92. Its return on asset (ROA) is 7.16% on average.