In the past week, SIG stock has gone down by -6.07%, with a monthly gain of 2.68% and a quarterly plunge of -1.39%. The volatility ratio for the week is 3.84%, and the volatility levels for the last 30 days are 3.76% for Signet Jewelers Ltd The simple moving average for the past 20 days is 0.78% for SIG’s stock, with a 16.66% simple moving average for the past 200 days.
Is It Worth Investing in Signet Jewelers Ltd (NYSE: SIG) Right Now?
Signet Jewelers Ltd (NYSE: SIG) has a higher price-to-earnings ratio of 6.72x compared to its average ratio, The 36-month beta value for SIG is at 2.18. Analysts have varying views on the stock, with 3 analysts rating it as a “buy,” 2 rating it as “overweight,” 8 as “hold,” and 0 as “sell.”
The public float for SIG is 42.53M, and currently, shorts hold a 8.88% of that float. The average trading volume for SIG on April 12, 2024 was 731.74K shares.
SIG) stock’s latest price update
The stock price of Signet Jewelers Ltd (NYSE: SIG) has plunged by -0.93 when compared to previous closing price of 100.53, but the company has seen a -6.07% decline in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-10 that Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Analysts’ Opinion of SIG
Many brokerage firms have already submitted their reports for SIG stocks, with Telsey Advisory Group repeating the rating for SIG by listing it as a “Market Perform.” The predicted price for SIG in the upcoming period, according to Telsey Advisory Group is $110 based on the research report published on April 04, 2024 of the current year 2024.
Telsey Advisory Group, on the other hand, stated in their research note that they expect to see SIG reach a price target of $100, previously predicting the price at $105. The rating they have provided for SIG stocks is “Market Perform” according to the report published on March 21st, 2024.
Telsey Advisory Group gave a rating of “Market Perform” to SIG, setting the target price at $105 in the report published on March 15th of the current year.
SIG Trading at -0.86% from the 50-Day Moving Average
After a stumble in the market that brought SIG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -8.77% of loss for the given period.
Volatility was left at 3.76%, however, over the last 30 days, the volatility rate increased by 3.84%, as shares surge +0.65% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.40% lower at present.
During the last 5 trading sessions, SIG fell by -6.07%, which changed the moving average for the period of 200-days by +55.77% in comparison to the 20-day moving average, which settled at $98.86. In addition, Signet Jewelers Ltd saw -7.14% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SIG starting from Drosos Virginia, who sale 45,000 shares at the price of $99.75 back on Apr 01 ’24. After this action, Drosos Virginia now owns 778,820 shares of Signet Jewelers Ltd, valued at $4,488,580 using the latest closing price.
Brace William, the President – KAY Jewelers of Signet Jewelers Ltd, sale 3,000 shares at $99.00 during a trade that took place back on Mar 27 ’24, which means that Brace William is holding 75,664 shares at $297,000 based on the most recent closing price.
Stock Fundamentals for SIG
Current profitability levels for the company are sitting at:
- 0.09 for the present operating margin
- 0.39 for the gross margin
The net margin for Signet Jewelers Ltd stands at 0.11. The total capital return value is set at 0.13. Equity return is now at value 32.07, with 12.07 for asset returns.
Based on Signet Jewelers Ltd (SIG), the company’s capital structure generated 0.31 points at debt to capital in total, while cash flow to debt ratio is standing at 0.44. The debt to equity ratio resting at 0.44. The interest coverage ratio of the stock is -771.12.
Currently, EBITDA for the company is 811.1 million with net debt to EBITDA at -0.18. When we switch over and look at the enterprise to sales, we see a ratio of 0.6. The receivables turnover for the company is 381.44for trailing twelve months and the total asset turnover is 1.05. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.78.
Conclusion
In conclusion, Signet Jewelers Ltd (SIG) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
