YETI Holdings Inc (YETI): Investing In A Time Of Crisis

YETI Holdings Inc (NYSE:YETI) currently has a daily average trading volume of 1.62M but it saw 2154895 shares traded in last market. With a market cap of 3.28B USD, the company’s current market price of $38.72 came falling about -4.75 while comparing to the previous closing price of $40.65. In past 52 weeks, the stock remained buoying in the range of price level as high as $54.15 and as low as $33.41. In the recent trading on the day, stock has struck highest price mark of $38.64 while lowest mark touched by it was $41.175.

Taking a look at 20-day trading activity of YETI Holdings Inc (YETI) gives us an average price of $37.39, while its current price level is -28.50% below from 52-week high level whereas it is 15.89% 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 $38.86 while that of 200 days or SMA-200 reads an average of $39.28. A closer look into the stock’s movement over the week reveals that its volatility is standing at 5.33% during that period while stretching the period over a month that decreases to 4.45%. 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 50.87 which implies that the stock is in neutral territory.

BofA Securities upgraded its recommendation for the stock as a “Buy” from “Neutral” on August 08, 2024 while assigning a price target range of $46-$55. Canaccord Genuity also issued its recommendations for the stock as it downgraded the price target for the stock in the range of between $49 and $50.

Over the week, YETI’s stock price is moving -0.39% down while it is -4.56% when we observe its performance for the past one month. Year-to-date it is -25.22% down and over the past year, the stock is showing a downside performance of -11.03%.

Currently, YETI Holdings Inc’s total number of outstanding shares is 86.92M. Company’s return on investment (ROI) stands at 21.76% and return on equity (ROE) at 28.55%. It has a price to earnings ratio (P/E ratio) of 16.65 while having a 13.37 of forward P/E ratio. Stock’s beta reads 2.15. Stock has a price to book (P/B) ratio of 4.27 while price to sale or P/S ratio amounts to 1.82. Its return on asset (ROA) is 16.56% on average.