Sequential Brands Group Inc. [SQBG] Is Still Undervalued at $11.66

Sequential Brands Group Inc. [SQBG] stock is up 23.75 while the S&P 500 has risen 0.05% on Tuesday, 12/01/20. While at the time of this article, SQBG ATR is sitting at 1.11, with the beta value at 1.41. This stock’s volatility for the past week remained at 7.75%, while it was 10.25% for the past 30-day period. SQBG has risen $2.24 from the previous closing price of $9.42 on volume of 2.27 million shares.

On 2, December 2020, Sequential Brands Group Announces Relaunch of Broad Review of Strategic Alternatives. According to news published on Yahoo Finance, Sequential Brands Group, Inc. (“Sequential” or the “Company”) (NASDAQ:SQBG) today announced that its Board of Directors has relaunched a broad exploration of strategic alternatives available to the Company to best position it for success and maximize value. Such strategic alternatives may include the sale of the Company or the divestiture of one or more existing brands. Stifel is the exclusive financial advisor for the process. “The Company has successfully rationalized its cost structure and strengthened its relationships with key stakeholders during the past several months. We believe now is the right time to re-focus on the process of exploring strategic alternatives to fully maximize value for our shareholders,” said William Sweedler, Executive Chairman of Sequential.

Analyst Birdseye View:

The most recent analyst activity for Sequential Brands Group Inc. [NASDAQ:SQBG] stock was on November 10, 2017, when it was Downgrade with a Hold rating from Canaccord Genuity, which also lowered its 12-month price target on the stock from $6 to $1.50. On July 11, 2017, FBR & Co. Resumed an Outperform rating and boosted its price target on this stock to $7. On June 28, 2017, CL King Downgrade a Neutral rating. On December 23, 2015, Piper Jaffray Reiterated an Overweight rating and decreased its price target to $16. On December 17, 2015, ROTH Capital Reiterated a Buy rating and boosted its amount target on this stock to $12. On November 23, 2015, ROTH Capital Reiterated a Buy rating and decreased its target amount on this stock from $20 to $16. On June 23, 2015, ROTH Capital Reiterated a Buy rating and amplified its amount target to $20.

In the past 52 weeks of trading, this stock has oscillated between a low of $4.11 and a peak of $24.80. Right now, according to Wall Street analyst the average 12-month amount target is $12.00. At the most recent market close, shares of Sequential Brands Group Inc. [NASDAQ:SQBG] were valued at $11.66.

FUNDAMENTAL ANALYSIS

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 9.04 points at 1st support level, the second support level is making up to 8.65. But as of 1st resistance point, this stock is sitting at 10.07 and at 10.71 for 2nd resistance point.

Sequential Brands Group Inc. [SQBG] reported its earnings at -$1.6 per share in the fiscal quarter closing of 6/29/2019. The Analysts for Wall Street were expecting to report its earnings at $2.8/share signifying the difference of -4.4 and -157.10% surprise value. Comparing the previous quarter ending of 3/30/2019, the stated earnings were -$0.07 calling estimates for $2.2/share with the difference of -2.27 depicting the surprise of -103.20%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Sequential Brands Group Inc. [NASDAQ:SQBG] is 1.70.

Insider Stories

The most recent insider trade was by PRESCOTT GROUP CAPITAL MANAGEM, 10% Owner, and it was the sale of 4.38 million shares on May 27. PRESCOTT GROUP CAPITAL MANAGEM, the 10% Owner, completed a sale of 0.58 million shares on May 07. On May 06, PRESCOTT GROUP CAPITAL MANAGEM, 10% Owner, completed a sale of 46272.0 shares.