Signet Jewelers Ltd (NYSE: SIG) has a price-to-earnings ratio of 6.86x that is above its average ratio. Additionally, the 36-month beta value for SIG is 2.11. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 2 rating it as “overweight,” 8 rating it as “hold,” and 0 rating it as “sell.”
The public float for SIG is 42.82M and currently, short sellers hold a 11.28% ratio of that float. The average trading volume of SIG on August 30, 2024 was 893.97K shares.
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SIG) stock’s latest price update
Signet Jewelers Ltd (NYSE: SIG)’s stock price has gone rise by 2.11 in comparison to its previous close of 82.66, however, the company has experienced a 8.30% increase in its stock price over the last five trading days. zacks.com reported 2024-08-27 that In the closing of the recent trading day, Signet (SIG) stood at $82.99, denoting a +0.81% change from the preceding trading day.
SIG’s Market Performance
Signet Jewelers Ltd (SIG) has seen a 8.30% rise in stock performance for the week, with a 0.32% gain in the past month and a -20.25% plunge in the past quarter. The volatility ratio for the week is 3.22%, and the volatility levels for the past 30 days are at 3.25% for SIG. The simple moving average for the last 20 days is 8.73% for SIG’s stock, with a simple moving average of -10.57% for the last 200 days.
Analysts’ Opinion of SIG
Many brokerage firms have already submitted their reports for SIG stocks, with Citigroup repeating the rating for SIG by listing it as a “Buy.” The predicted price for SIG in the upcoming period, according to Citigroup is $119 based on the research report published on June 14, 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 $110, previously predicting the price at $100. The rating they have provided for SIG stocks is “Market Perform” according to the report published on April 04th, 2024.
Telsey Advisory Group gave a rating of “Market Perform” to SIG, setting the target price at $100 in the report published on March 21st of the current year.
SIG Trading at 1.44% 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 -24.68% of loss for the given period.
Volatility was left at 3.25%, however, over the last 30 days, the volatility rate increased by 3.22%, as shares surge +2.83% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -7.50% lower at present.
During the last 5 trading sessions, SIG rose by +8.30%, which changed the moving average for the period of 200-days by +19.21% in comparison to the 20-day moving average, which settled at $77.74. In addition, Signet Jewelers Ltd saw -21.31% 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 FINN MARY ELIZABETH, who sale 8,000 shares at the price of $80.00 back on Aug 23 ’24. After this action, FINN MARY ELIZABETH now owns 46,821 shares of Signet Jewelers Ltd, valued at $640,000 using the latest closing price.
Singleton Jamie, the * of Signet Jewelers Ltd, sale 12,625 shares at $80.00 during a trade that took place back on Aug 23 ’24, which means that Singleton Jamie is holding 150,317 shares at $1,010,000 based on the most recent closing price.
Stock Fundamentals for SIG
Current profitability levels for the company are sitting at:
- 0.08 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 32.94, with 12.38 for asset returns.
Based on Signet Jewelers Ltd (SIG), the company’s capital structure generated 0.34 points at debt to capital in total, while cash flow to debt ratio is standing at 0.63. The debt to equity ratio resting at 0.51. The interest coverage ratio of the stock is 130.0.
Currently, EBITDA for the company is 811.1 million with net debt to EBITDA at 0.7. When we switch over and look at the enterprise to sales, we see a ratio of 0.61. The receivables turnover for the company is 754.18for trailing twelve months and the total asset turnover is 1.14. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.66.
Conclusion
In conclusion, Signet Jewelers Ltd (SIG) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
