While Torrid Holdings Inc has overperformed by 2.56%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, CURV rose by 226.02%, with highs and lows ranging from $9.14 to $1.21, whereas the simple moving average fell by -30.73% in the last 200 days.
On July 18, 2024, Morgan Stanley Downgraded Torrid Holdings Inc (NYSE: CURV) to Underweight. A report published by B. Riley Securities on February 08, 2024, Initiated its previous ‘Buy’ rating for CURV. Telsey Advisory Group also reiterated CURV shares as ‘Market Perform’, quoting a target price of $5 on the company’s shares in a report dated December 08, 2023. Robert W. Baird September 07, 2023d the rating to Neutral on September 07, 2023, and set its price target from $4 to $2.50. Telsey Advisory Group June 08, 2023d its ‘Outperform’ rating to ‘Market Perform’ for CURV, as published in its report on June 08, 2023. Jefferies’s report from February 15, 2023 suggests a price prediction of $3 for CURV shares, giving the stock a ‘Hold’ rating. Telsey Advisory Group also rated the stock as ‘Outperform’.
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Analysis of Torrid Holdings Inc (CURV)
Further, the quarter-over-quarter decrease in sales is -1.56%, showing a negative trend in the upcoming months.
In order to gain a clear picture of Torrid Holdings Inc’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. Taking into account the quick ratio of the company, currently set at 0.36, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
An average volume of 270.01K can be a very valuable indicator of volatility for CURV stock. On a monthly basis, the volatility of the stock is set at 12.73%, whereas on a weekly basis, it is put at 11.70%, with a loss of -39.06% over the past seven days. Furthermore, long-term investors anticipate a median target price of $6.75, showing growth from the present price of $4.01, which can serve as yet another indication of whether CURV is worth investing in or should be passed over.
How Do You Analyze Torrid Holdings Inc Shares?
The USA based company Torrid Holdings Inc (CURV) is one of the biggest names in Apparel Retail. When comparing Torrid Holdings Inc shares with other companies under Consumer Cyclical, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 31.16, there is a growth in quarterly earnings of 23.43%.
In addition to the fundamentals, you should also consider how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 89.81%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 4.15% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
CURV shares are owned by institutional investors to the tune of 4.15% at present.
