At the time of writing, Citi Trends Inc [CTRN] stock is trading at $20.02, up 4.54%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The CTRN shares have gain 12.09% over the last week, with a monthly amount glided 0.60%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Citi Trends Inc [NASDAQ: CTRN] stock has seen the most recent analyst activity on March 19, 2024, when Craig Hallum downgraded its rating to a Hold. Previously, Craig Hallum upgraded its rating to Buy on August 23, 2023, and elevated its price target to $32. On June 27, 2023, DA Davidson initiated with a Buy rating and assigned a price target of $21 on the stock. Gordon Haskett upgraded its rating to a Hold but stick to its price target of $18 on October 17, 2022. Craig Hallum downgraded its rating to a Hold and reduced its price target to $34 on May 20, 2022. Gordon Haskett downgraded its rating to Accumulate for this stock on February 10, 2022, and downed its price target to $60. In a note dated September 21, 2021, The Benchmark Company initiated an Buy rating and provided a target price of $115 on this stock.
For the past year, the stock price of Citi Trends Inc fluctuated between $13.65 and $32.90. Currently, Wall Street analysts expect the stock to reach $17 within the next 12 months. Citi Trends Inc [NASDAQ: CTRN] shares were valued at $20.02 at the most recent close of the market. An investor can expect a potential drop of -15.08% based on the average CTRN price forecast.
Analyzing the CTRN fundamentals
According to Citi Trends Inc [NASDAQ:CTRN], the company’s sales were 757.54M for trailing twelve months, which represents an 1.73% jump. Gross Profit Margin for this corporation currently stands at 0.35% with Operating Profit Margin at -0.04%, Pretax Profit Margin comes in at -0.04%, and Net Profit Margin reading is -0.03%. To continue investigating profitability, this company’s Return on Assets is posted at -0.04, Equity is -0.15 and Total Capital is -0.1. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.36.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 19.40 points at the first support level, and at 18.77 for the second support level. However, for the 1st resistance point, the stock is sitting at 20.36, and for the 2nd resistance point, it is at 20.70.
Ratios To Look Out For
It is important to note that Citi Trends Inc [NASDAQ:CTRN] has a current ratio of 1.16. In addition, the Quick Ratio stands at 0.43 and the Cash Ratio stands at 0.32. Considering the valuation of this stock, the price to sales ratio is 0.23, the price to book ratio is 1.26.
Transactions by insiders
Recent insider trading involved Heath David A, Director, that happened on Sep 10 ’24 when 1500.0 shares were purchased. EVP and CFO, Plutino Heather L completed a deal on Sep 04 ’24 to buy 3573.0 shares. Meanwhile, Interim CEO Seipel Kenneth Duane bought 25000.0 shares on Aug 28 ’24.
