Look Past The Setbacks And Give Shoe Carnival, Inc (NASDAQ: SCVL) Another Chance

Shoe Carnival, Inc (NASDAQ:SCVL) currently has a daily average trading volume of 368.40K but it saw 398381 shares traded in last market. With a market cap of 913.30M USD, the company’s current market price of $33.61 came rising about 0.24 while comparing to the previous closing price of $33.53. In past 52 weeks, the stock remained buoying in the range of price level as high as $46.92 and as low as $22.75. In the recent trading on the day, stock has struck highest price mark of $33.56 while lowest mark touched by it was $34.58.

Taking a look at 20-day trading activity of Shoe Carnival, Inc (SCVL) gives us an average price of $35.54, while its current price level is -28.37% below from 52-week high level whereas it is 47.74% 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 $38.22 while that of 200 days or SMA-200 reads an average of $37.04. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.58% during that period while stretching the period over a month that decreases to 3.63%. 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 36.89 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 0.39% up while it is -5.40% when we observe its performance for the past one month. Year-to-date it is 11.25% up and over the past year, the stock is showing an upside performance of 43.20%.

Currently, Shoe Carnival, Inc’s total number of outstanding shares is 27.13M. Company’s return on investment (ROI) stands at 7.83% and return on equity (ROE) at 12.38%. It has a price to earnings ratio (P/E ratio) of 12.36 while having a 11.12 of forward P/E ratio. Stock’s beta reads 1.52. Stock has a price to book (P/B) ratio of 1.48 while price to sale or P/S ratio amounts to 0.75. Its return on asset (ROA) is 6.95% on average.