The leading market experts have placed a mean price target of $25.50 on Shoe Carnival, Inc. (NASDAQ:SCVL) 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 $0.56 a share for the upcoming quarter and $1.62 for the current fiscal.
The technical analysis of Shoe Carnival, Inc. plainly substantiates that the 50-day moving average of Shoe Carnival, Inc. is $26.02, and stock is trading $0.73 points away or +2.80% from its 50-day moving average of $26.02. Further it is trading $1.83 or +7.32% away its 200-day moving average of $24.92. Shoe Carnival, Inc. (NASDAQ:SCVL) 52-week high is $28.50 and the 52-week low is $17.36.
This explains if the stock moves $-1.75, it will post a 52-week high. In event of +54.09% decline, a 52-week low will be hit.
Taking the valuation aspect to emphasize the valuation of Shoe Carnival, Inc., 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, Shoe Carnival, Inc. (NASDAQ:SCVL) ratio came in at 18.06.
The stock last ended the trading session at $26.75 and registered a market cap of $525.37M. 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. Shoe Carnival, Inc. (NASDAQ:SCVL) PEG ratio is at 1.09.
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