Why Movado Group Inc. (NYSE:MOV) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $27.50 on Movado Group Inc. (NYSE:MOV) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $1.63 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Movado Group Inc. (NYSE:MOV) stands at 12.34.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Movado Group Inc. Common Stock, the PEG ratio for coming 3-5 years is 0.95.

Technical Analysis

The technical analysis highlights that Movado Group Inc. Common Stock current is trading $1.29 points away or +5.82% from its 50-day moving average of $22.24. Further it is trading $-1.64 or -6.52% away its 200-day moving average of $25.17.

The 52-week high of Movado Group Inc. (NYSE:MOV) was $30.98 while lowest point recorded in 52-week was $19.14. It implies if stock price makes a movement of over $-7.45, it will record a new 52-week high. In the case of +22.94% drop, it will touch a new 52-week low.

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