The price-to-earnings ratio for Signet Jewelers Ltd (NYSE: SIG) is above average at 10.84x. The 36-month beta value for SIG is also noteworthy at 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 42.28M, and at present, short sellers hold a 11.75% of that float. The average trading volume of SIG on October 24, 2024 was 903.66K shares.
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SIG) stock’s latest price update
The stock price of Signet Jewelers Ltd (NYSE: SIG) has dropped by -2.12 compared to previous close of 95.65. Despite this, the company has seen a fall of -7.89% in its stock price over the last five trading days. zacks.com reported 2024-10-18 that Signet (SIG) closed the most recent trading day at $100.83, moving +0.04% from the previous trading session.
SIG’s Market Performance
SIG’s stock has fallen by -7.89% in the past week, with a monthly drop of -5.77% and a quarterly rise of 13.25%. The volatility ratio for the week is 2.77% while the volatility levels for the last 30 days are 3.11% for Signet Jewelers Ltd The simple moving average for the last 20 days is -4.55% for SIG’s stock, with a simple moving average of -0.86% for the last 200 days.
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 4.22% 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 -16.46% of loss for the given period.
Volatility was left at 3.11%, however, over the last 30 days, the volatility rate increased by 2.77%, as shares sank -6.62% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +23.93% upper at present.
During the last 5 trading sessions, SIG fell by -7.89%, which changed the moving average for the period of 200-days by -7.48% in comparison to the 20-day moving average, which settled at $98.09. In addition, Signet Jewelers Ltd saw -12.72% 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 $94.57 back on Oct 23 ’24. After this action, Hilson Joan M now owns 200,844 shares of Signet Jewelers Ltd, valued at $756,544 using the latest closing price.
Ulasewicz Eugenia, the Director of Signet Jewelers Ltd, sale 3,333 shares at $99.63 during a trade that took place back on Oct 21 ’24, which means that Ulasewicz Eugenia is holding 26,085 shares at $332,058 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 0.69. 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 summary, Signet Jewelers Ltd (SIG) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
