YETI Holdings Inc. (NYSE: YETI)’s stock price has increased by 1.26 compared to its previous closing price of 38.19. Despite this, the company has experienced a -0.28% fall in its stock price over the last five trading sessions. The Wall Street Journal reported on 03/09/23 that Yeti Recalls 1.9 Million Coolers and Cases Over Magnet Ingestion Risks
Is It Worth Investing in YETI Holdings Inc. (NYSE: YETI) Right Now?
YETI Holdings Inc. (NYSE: YETI) has a price-to-earnings ratio that is above its average at 37.69x. and a 36-month beta value of 2.50. Opinions on the stock are mixed, with 7 analysts rating it as a “buy,” 2 as “overweight,” 7 as “hold,” and 0 as “sell.”
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The average price predicted for YETI Holdings Inc. (YETI) by analysts is $47.93, which is $9.26 above the current market price. The public float for YETI is 85.96M, and at present, short sellers hold a 11.16% of that float. On March 16, 2023, the average trading volume of YETI was 1.31M shares.
YETI’s Market Performance
The stock of YETI Holdings Inc. (YETI) has seen a -0.28% decrease in the past week, with a -9.23% drop in the past month, and a -15.10% fall in the past quarter. The volatility ratio for the week is 4.28%, and the volatility levels for the past 30 days are at 4.31% for YETI. The simple moving average for the last 20 days is -1.79% for YETI stock, with a simple moving average of -5.27% for the last 200 days.
Analysts’ Opinion of YETI
Many brokerage firms have already submitted their reports for YETI stocks, with Goldman repeating the rating for YETI by listing it as a “Neutral.” The predicted price for YETI in the upcoming period, according to Goldman is $43 based on the research report published on February 24th of the current year 2023.
Cowen, on the other hand, stated in their research note that they expect to see YETI reach a price target of $47. The rating they have provided for YETI stocks is “Market Perform” according to the report published on January 18th, 2023.
Canaccord Genuity gave a rating of “Buy” to YETI, setting the target price at $58 in the report published on November 17th of the previous year.
YETI Trading at -7.65% from the 50-Day Moving Average
After a stumble in the market that brought YETI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -40.93% of loss for the given period.
Volatility was left at 4.31%, however, over the last 30 days, the volatility rate increased by 4.28%, as shares sank -10.36% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.39% lower at present.
During the last 5 trading sessions, YETI fell by -0.28%, which changed the moving average for the period of 200-days by -14.69% in comparison to the 20-day moving average, which settled at $39.15. In addition, YETI Holdings Inc. saw -6.39% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for YETI
Current profitability levels for the company are sitting at:
- +8.00 for the present operating margin
- +47.86 for the gross margin
The net margin for YETI Holdings Inc. stands at +5.62. Equity return is now at value 17.70, with 8.80 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 1.76.
To sum up, YETI Holdings Inc. (YETI) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.