While Genesco Inc has overperformed by 0.89%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, GCO fell by -23.61%, with highs and lows ranging from $44.80 to $16.19, whereas the simple moving average fell by -37.40% in the last 200 days.
On March 05, 2024, B. Riley Securities Downgraded Genesco Inc (NYSE: GCO) to Neutral. A report published by B. Riley Securities on December 15, 2023, Initiated its previous ‘Buy’ rating for GCO. Seaport Research Partners August 30, 2022d its ‘Buy’ rating to ‘Neutral’ for GCO, as published in its report on August 30, 2022. Seaport Research Partners’s report from January 18, 2022 suggests a price prediction of $72 for GCO shares, giving the stock a ‘Buy’ rating. Jefferies also rated the stock as ‘Hold’.
Analysis of Genesco Inc (GCO)
Further, the quarter-over-quarter increase in sales is 0.95%, showing a positive trend in the upcoming months.
In order to gain a clear picture of Genesco Inc’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of -3.49% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.48, 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 350.01K can be a very valuable indicator of volatility for GCO stock. On a monthly basis, the volatility of the stock is set at 9.07%, whereas on a weekly basis, it is put at 5.77%, with a gain of 6.32% over the past seven days. Furthermore, long-term investors anticipate a median target price of $27.00, showing growth from the present price of $19.35, which can serve as yet another indication of whether GCO is worth investing in or should be passed over.
How Do You Analyze Genesco Inc Shares?
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 8.92%. 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 102.67% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
GCO shares are owned by institutional investors to the tune of 102.67% at present.
