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


The leading market experts have placed a mean price target of $26.50 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 $0.28 a share for the upcoming quarter and $1.46 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 $22.85, and stock is trading $-1.72 points away or -7.51% from its 50-day moving average of $22.85. Further it is trading $-3.78 or -15.18% away its 200-day moving average of $24.91. 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 $-9.85, it will post a 52-week high. In event of +10.40% 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 12.63.

The stock last ended the trading session at $21.13 and registered a market cap of $484.93M. 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 1.03.

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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