While Torrid Holdings Inc has overperformed by 1.76%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, CURV rose by 5.21%, with highs and lows ranging from $9.14 to $2.18, whereas the simple moving average fell by -25.74% in the last 200 days.
On September 17, 2024, William Blair Upgraded Torrid Holdings Inc (NYSE: CURV) to Outperform. A report published by Morgan Stanley on July 18, 2024, Downgraded its rating to ‘Underweight’ for CURV. B. Riley Securities also rated CURV shares as ‘Buy’, setting a target price of $7 on the company’s shares in an initiating report dated February 08, 2024. Telsey Advisory Group Reiterated the rating as Market Perform on December 08, 2023, but set its price target from $2 to $5. Robert W. Baird September 07, 2023d its ‘Outperform’ rating to ‘Neutral’ for CURV, as published in its report on September 07, 2023. Telsey Advisory Group’s report from June 08, 2023 suggests a price prediction of $3 for CURV shares, giving the stock a ‘Market Perform’ rating. Jefferies also rated the stock as ‘Hold’.
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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.
Torrid Holdings Inc’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. 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.
The average volume for any stock is also a very valuable indicator of volatility, and CURV has an average volume of 560.65K. On a monthly basis, the volatility of the stock is set at 7.07%, whereas on a weekly basis, it is put at 7.37%, with a gain of 2.02% over the past seven days. Furthermore, long-term investors anticipate a median target price of $5.62, showing growth from the present price of $4.04, 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?
Apparel Retail giant Torrid Holdings Inc (CURV) is based in the USA and is one of the largest companies in the market. 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 31.39, there is a growth in quarterly earnings of 23.43%.
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. 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 80.41%. 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 11.40% 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 11.40% at present.
