Movado Group, Inc (MOV) stock forecast: Can it reach its 52-week high of $31.18

A share price of Movado Group, Inc [MOV] is currently trading at $20.50, up 4.97%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The MOV shares have lost -0.64% over the last week, with a monthly amount glided 2.19%, 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 $31.18. Movado Group, Inc [NYSE: MOV] shares were valued at $20.50 at the most recent close of the market.

Analyzing the MOV fundamentals

Trailing Twelve Months sales for Movado Group, Inc [NYSE:MOV] were 658.53M which represents -2.43% decline. Gross Profit Margin for this corporation currently stands at 0.54% with Operating Profit Margin at 0.04%, Pretax Profit Margin comes in at 0.05%, and Net Profit Margin reading is 0.04%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.05 and Total Capital is 0.04. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.16.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Movado Group, Inc [NYSE:MOV] is 4.27. Further, the Quick Ratio stands at 2.88, while the Cash Ratio is 1.49. Considering the valuation of this stock, the price to sales ratio is 0.48, the price to book ratio is 0.88 and price to earnings (TTM) ratio is 19.07.

Transactions by insiders

Recent insider trading involved Kennedy Michelle, SVP, Human Resources, that happened on Jul 17 ’24 when 1245.0 shares were sold.

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