Stock To Watch: Movado Group Inc. (NYSE:MOV)


The leading market experts have placed a mean price target of $26.33 on Movado Group Inc. (NYSE:MOV) stock. This price level, which is estimated to be attained in one-year indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.84 a share for the upcoming quarter and $1.64 for the current fiscal. Technical View The technical analysis of Movado Group Inc. Common Stock plainly substantiates that the 50-day moving average of Movado Group Inc. Common Stock is $24.32, and stock is hovering -4.55 or -18.72% distant from $24.32. It is noted that the 200-day MA is $26.25, and Movado Group Inc. Common Stock stock is $-6.48 or -24.67% off from this point. Movado Group Inc. (NYSE:MOV) 52-week high is $30.98 and the 52-week low is $19.14. This explains if the stock moves $-11.21, it will post a 52-week high. In event of $+3.29% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of Movado Group Inc. Common Stock, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Movado Group Inc. (NYSE:MOV) ratio came in at 10.37. The stock last ended the trading session at $19.77 and registered a market cap of $454.89M. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Movado Group Inc. (NYSE:MOV) PEG ratio is at 0.78.

1 Chart Pattern Every Investor Should Know

This little-known pattern preceded moves of 578% in ARWR, 562% in LCI, 513% in ICPT, 439% in EGRX, 408% in ADDUS and more...

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