In the past week, SIG stock has gone up by 11.76%, with a monthly gain of 25.11% and a quarterly surge of 5.68%. The volatility ratio for the week is 3.92%, and the volatility levels for the last 30 days are 3.54% for Signet Jewelers Ltd The simple moving average for the past 20 days is 17.41% for SIG’s stock, with a 2.64% 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 11.25x compared to its average ratio, The 36-month beta value for SIG is at 2.09. 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.”
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The public float for SIG is 42.31M, and currently, shorts hold a 11.46% of that float. The average trading volume for SIG on September 20, 2024 was 886.03K shares.
SIG) stock’s latest price update
Signet Jewelers Ltd (NYSE: SIG)’s stock price has plunge by 4.34relation to previous closing price of 93.12. Nevertheless, the company has seen a 11.76% surge in its stock price over the last five trading sessions. zacks.com reported 2024-09-19 that Whether you’re a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.
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 $87 based on the research report published on September 09, 2024 of the current year 2024.
Citigroup, on the other hand, stated in their research note that they expect to see SIG reach a price target of $119. The rating they have provided for SIG stocks is “Buy” according to the report published on June 14th, 2024.
Telsey Advisory Group gave a rating of “Market Perform” to SIG, setting the target price at $110 in the report published on April 04th of the current year.
SIG Trading at 18.68% 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 -13.30% of loss for the given period.
Volatility was left at 3.54%, however, over the last 30 days, the volatility rate increased by 3.92%, as shares surge +24.25% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.36% upper at present.
During the last 5 trading sessions, SIG rose by +11.76%, which changed the moving average for the period of 200-days by +13.78% in comparison to the 20-day moving average, which settled at $83.70. In addition, Signet Jewelers Ltd saw -9.42% 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 Hilson Joan M, who sale 8,000 shares at the price of $93.08 back on Sep 18 ’24. After this action, Hilson Joan M now owns 181,202 shares of Signet Jewelers Ltd, valued at $744,621 using the latest closing price.
Edelman Oded, the of Signet Jewelers Ltd, sale 9,000 shares at $93.57 during a trade that took place back on Sep 17 ’24, which means that Edelman Oded is holding 10,398 shares at $842,160 based on the most recent closing price.
Stock Fundamentals for SIG
Current profitability levels for the company are sitting at:
- 0.06 for the present operating margin
- 0.39 for the gross margin
The net margin for Signet Jewelers Ltd stands at 0.09. The total capital return value is set at 0.09. Equity return is now at value 26.83, with 10.11 for asset returns.
Based on Signet Jewelers Ltd (SIG), the company’s capital structure generated 0.33 points at debt to capital in total, while cash flow to debt ratio is standing at 0.66. The debt to equity ratio resting at 0.49. The interest coverage ratio of the stock is 146.5.
Currently, EBITDA for the company is 811.1 million with net debt to EBITDA at 0.78. When we switch over and look at the enterprise to sales, we see a ratio of 0.71. The receivables turnover for the company is 749.05for trailing twelve months and the total asset turnover is 1.23. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.67.
Conclusion
In conclusion, Signet Jewelers Ltd (SIG) has had a better 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.
