Canada Goose Holdings Inc (NYSE: GOOS)’s stock price has gone rise by 1.82 in comparison to its previous close of 9.33, however, the company has experienced a 0.85% increase in its stock price over the last five trading days. businesswire.com reported 2024-11-19 that TORONTO–(BUSINESS WIRE)–Canada Goose Holdings Inc. (NYSE, TSX:GOOS) today announced that the Toronto Stock Exchange (“TSX”) has approved the renewal of its normal course issuer bid (the “NCIB”). The NCIB as renewed provides for the purchase for cancellation of up to 4,556,841 subordinate voting shares of Canada Goose over the twelve-month period commencing on November 22, 2024 and ending no later than November 21, 2025. This represents approximately 10% of the 45,568,419 subordinate voting sh.
Is It Worth Investing in Canada Goose Holdings Inc (NYSE: GOOS) Right Now?
The price-to-earnings ratio for Canada Goose Holdings Inc (NYSE: GOOS) is above average at 21.61x, Company’s 36-month beta value is 1.35.Analysts have differing opinions on the stock, with 3 analysts rating it as a “buy,” 2 as “overweight,” 6 as “hold,” and 2 as “sell.”
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The public float for GOOS is 50.08M, and currently, short sellers hold a 18.08% ratio of that floaft. The average trading volume of GOOS on November 22, 2024 was 763.55K shares.
GOOS’s Market Performance
The stock of Canada Goose Holdings Inc (GOOS) has seen a 0.85% increase in the past week, with a -7.05% drop in the past month, and a -18.31% fall in the past quarter. The volatility ratio for the week is 2.94%, and the volatility levels for the past 30 days are at 3.72% for GOOS. The simple moving average for the past 20 days is -2.18% for GOOS’s stock, with a -19.36% simple moving average for the past 200 days.
Analysts’ Opinion of GOOS
Many brokerage firms have already submitted their reports for GOOS stocks, with Goldman repeating the rating for GOOS by listing it as a “Sell.” The predicted price for GOOS in the upcoming period, according to Goldman is $9 based on the research report published on October 21, 2024 of the current year 2024.
GOOS Trading at -10.56% from the 50-Day Moving Average
After a stumble in the market that brought GOOS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -35.59% of loss for the given period.
Volatility was left at 3.72%, however, over the last 30 days, the volatility rate increased by 2.94%, as shares sank -6.95% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.21% lower at present.
During the last 5 trading sessions, GOOS rose by +0.85%, which changed the moving average for the period of 200-days by -20.50% in comparison to the 20-day moving average, which settled at $9.71. In addition, Canada Goose Holdings Inc saw -19.83% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for GOOS
Current profitability levels for the company are sitting at:
- 0.1 for the present operating margin
- 0.66 for the gross margin
The net margin for Canada Goose Holdings Inc stands at 0.05. The total capital return value is set at 0.11. Equity return is now at value 17.88, with 4.02 for asset returns.
Based on Canada Goose Holdings Inc (GOOS), the company’s capital structure generated 0.61 points at debt to capital in total, while cash flow to debt ratio is standing at 0.43. The debt to equity ratio resting at 1.55. The interest coverage ratio of the stock is 3.07.
Currently, EBITDA for the company is 243.1 million with net debt to EBITDA at 3.1. When we switch over and look at the enterprise to sales, we see a ratio of 1.59. The receivables turnover for the company is 8.19for trailing twelve months and the total asset turnover is 0.85. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.85.
Conclusion
In a nutshell, Canada Goose Holdings Inc (GOOS) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
