Steven Madden, Ltd. (NASDAQ:SHOO) has a mean price target of $37.00 by market experts. Market leading group First Call has reached this recommendation by considering recommendations of top analysts in the industry. These experts have specified earnings of $0.50 a share for the very next quarter and $1.99 for this year.
The technical study of Steven Madden, Ltd. demonstrates that the 50-day moving average of Steven Madden, Ltd. (NASDAQ:SHOO) stock is $35.11, and is trading $-1.39 points away or -3.96% from 50-day moving average of $35.11. It is trading $-1.32 or -3.75% away 200-day moving average of $35.04.
The 52-week high of Steven Madden, Ltd. (NASDAQ:SHOO) was $41.95 while $27.80 is the low mark in the same period. It state Steven Madden, Ltd. share price has to surge more than $-8.23 to hit 52-week high or drop +21.29% to make a 52-week mark. MA here hints at moving average.
Taking the valuation part to reach the estimation of Steven Madden, Ltd., investors apply price-to-earnings ratio, which is shortened as P/E ratio. It weighs equity price by the relative expense of the equity. Steven Madden, Ltd. (NASDAQ:SHOO) ratio came in at 17.87, after dividing current equity price by yearly earnings. Steven Madden, Ltd. stock recorded a close of $33.72 in last trading session, registering a market cap of $2.07B.
The price-earnings ratio can be seen as a means of regulating the value of per dollar of earnings through the stock market. In concept, by taking the average of P/E over a period of numerous years, one could frame something of a uniform P/E ratio, which can then be understood as a benchmark and utilized to indicate whether or not a share is worth buying.
Investors estimate the Price-to-Earnings-Growth ratio to catch up with a clear view on the firm valuation. For stocks with higher PEG ratio, they are considered as sell option. The undervalued equity displays PEG ratio of 0 or 1. On contrary, the fairly valued equity has ratio of 1 and 2. Steven Madden, Ltd. (NASDAQ:SHOO) PEG ratio is at 2.32.
1 Chart Pattern Every Investor Should Know
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