A share price of Movado Group, Inc [MOV] is currently trading at $20.37, up 3.14%. An important factor to consider is whether the stock is rising or falling in short-term value. The MOV shares have gain 8.64% over the last week, with a monthly amount glided 7.38%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Movado Group, Inc [NYSE: MOV] stock has seen the most recent analyst activity on September 29, 2023, when The Benchmark Company initiated its Buy rating and assigned the stock a price target of $41. Previously, Cowen downgraded its rating to Market Perform on August 29, 2019, and dropped its price target to $22. On August 22, 2018, upgrade upgraded it’s rating to Buy. Sidoti downgraded its rating to a Neutral. Sidoti upgraded its rating to a Buy but $34 remained the price target by the analyst firm on January 30, 2017. Sidoti downgraded its rating to Neutral for this stock on December 15, 2016. In a note dated February 19, 2016, Sidoti initiated an Buy rating and provided a target price of $34 on this stock.
Movado Group, Inc experienced fluctuations in its stock price throughout the past year between $17.86 and $31.44. Movado Group, Inc [NYSE: MOV] shares were valued at $20.37 at the most recent close of the market.
Analyzing the MOV fundamentals
Trailing Twelve Months sales for Movado Group, Inc [NYSE:MOV] were 663.09M which represents -0.80% decline. Gross Profit Margin for this corporation currently stands at 0.54% with Operating Profit Margin at 0.06%, Pretax Profit Margin comes in at 0.07%, and Net Profit Margin reading is 0.05%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.07 and Total Capital is 0.06. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.04.
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 19.98 points at the first support level, and at 19.59 for the second support level. However, for the 1st resistance point, the stock is sitting at 20.60, and for the 2nd resistance point, it is at 20.83.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Movado Group, Inc [NYSE:MOV] is 4.41. On the other hand, the Quick Ratio is 2.92, and the Cash Ratio is 1.67. Considering the valuation of this stock, the price to sales ratio is 0.48, the price to book ratio is 0.90 and price to earnings (TTM) ratio is 12.78.
Transactions by insiders
Recent insider trading involved Kennedy Michelle, SVP, Human Resources, that happened on Jul 17 ’24 when 1245.0 shares were sold. Chief Financial Officer, DEMARSILIS SALLIE A completed a deal on Dec 22 ’23 to sell 31630.0 shares. Meanwhile, Chief Financial Officer DEMARSILIS SALLIE A sold 13210.0 shares on Dec 21 ’23.
