Stock That Is Worth Exploring Now: Movado Group, Inc. (NYSE: MOV)

Movado Group, Inc. (NYSE:MOV) does about 197.97K shares in volume on a normal day but saw 3444100 shares change hands in the recent trading day. The company now has a market cap of 413.29M USD. Its current market price is $18.60, marking a decrease of -1.95% compared to the previous close of $18.97. The 52 week high reached by this stock is $31.44 whilst the lowest price level in 52 weeks is $17.86.

Movado Group, Inc. (MOV) has a 20-day trading average at $19.38 and the current price is -40.84% off the 52-week high compared with 4.14% distance from its 52-week low. The 50-day simple moving average of the closing price is $22.43 and its 200-day simple moving average is $25.97. If we look at the stock’s price movements over the week, volatility stands at 3.43%, which increases to 3.67% 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 33.38 to suggest the stock is neutral.

The consensus objective for the share price is $38.00, suggesting that the stock has a potential upside of 51.05% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on September 29, 2023 when The Benchmark Company initiated the stock to “Buy” and issued a price target of $41. Cowen downgraded the stock to “Market Perform” from Outperform on August 29, 2019 at a price target of $40-$22.

The current price level is -5.31%, -17.57%, and -28.50% away from its SMA20, SMA50, and SMA200 respectively, with the MOV price moving above the 50-day SMA on current market day. Movado Group, Inc. (MOV) stock is down -2.97% over the week and -23.17% over the past month. Its price is -38.31% year-to-date and -28.38% over the past year.

The stock last released its quarterly earnings report for quarter ended 7/31/2024, with the company’s earnings per share (EPS) of 0.77 above consensus estimates by 0.07. The company’s next earnings report forecasts estimating quarterly EPS at 0.32 and 0.91 for whole year. Expected sales for next quarter are $179.6M, which analysts say will come at $663.3M for the current fiscal year and next year at $696.5M. In addition, estimates put the company’s current quarterly revenue at an average of $187.7M.

To reach the target analysts have set, the stock logically needs to grow 51.05 percent from here.

The company has a return on investment of 6.23% and return on equity of 7.19%. The price to earnings ratio (P/E ratio) amounts to 11.67 while the forward price to earnings ratio is 7.32. The beta has a value of 1.02. Price to book ratio is 0.82 and price to sales ratio is 0.62.