Hooker Furnishings Corporation (NASDAQ: HOFT) has experienced a decline in its stock price by -6.65 compared to its previous closing price of 15.34. However, the company has seen a fall of -19.64% in its stock price over the last five trading days. newsfilecorp.com reported 2024-12-06 that Dallas, Texas–(Newsfile Corp. – December 6, 2024) – Hooker Furniture Corporation (NASDAQ: HOFT): Stonegate Capital Partners updates their coverage on Hooker Furniture Corporation (NASDAQ: HOFT). HOFT reported revenue, operating income, and adj EPS of $104.4M, ($7.3)M, and ($0.39), respectively.
Is It Worth Investing in Hooker Furnishings Corporation (NASDAQ: HOFT) Right Now?
The stock has a 36-month beta value of 1.26. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for HOFT is 10.48M, and at present, short sellers hold a 1.54% of that float. On December 20, 2024, the average trading volume of HOFT was 26.16K shares.
HOFT’s Market Performance
The stock of Hooker Furnishings Corporation (HOFT) has seen a -19.64% decrease in the past week, with a -18.73% drop in the past month, and a -20.58% fall in the past quarter. The volatility ratio for the week is 8.26%, and the volatility levels for the past 30 days are at 6.02% for HOFT. The simple moving average for the past 20 days is -18.11% for HOFT’s stock, with a -16.87% simple moving average for the past 200 days.
HOFT Trading at -16.97% from the 50-Day Moving Average
After a stumble in the market that brought HOFT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -47.26% of loss for the given period.
Volatility was left at 6.02%, however, over the last 30 days, the volatility rate increased by 8.26%, as shares sank -18.50% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -12.25% lower at present.
During the last 5 trading sessions, HOFT fell by -19.64%, which changed the moving average for the period of 200-days by -38.14% in comparison to the 20-day moving average, which settled at $17.49. In addition, Hooker Furnishings Corporation saw -45.09% 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 HOFT starting from Garafalo Paulette, who sale 2,489 shares at the price of $17.10 back on Dec 16 ’24. After this action, Garafalo Paulette now owns 20,783 shares of Hooker Furnishings Corporation, valued at $42,572 using the latest closing price.
Jackson Tonya Harris, the Director of Hooker Furnishings Corporation, purchase 1,850 shares at $13.61 during a trade that took place back on Jun 21 ’24, which means that Jackson Tonya Harris is holding 25,229 shares at $25,178 based on the most recent closing price.
Stock Fundamentals for HOFT
Current profitability levels for the company are sitting at:
- -0.04 for the present operating margin
- 0.22 for the gross margin
The net margin for Hooker Furnishings Corporation stands at -0.02. The total capital return value is set at -0.05. Equity return is now at value -4.47, with -2.86 for asset returns.
Based on Hooker Furnishings Corporation (HOFT), the company’s capital structure generated 0.26 points at debt to capital in total, while cash flow to debt ratio is standing at -0.08. The debt to equity ratio resting at 0.35. The interest coverage ratio of the stock is -12.08.
Currently, EBITDA for the company is 22.97 million with net debt to EBITDA at -19.44. When we switch over and look at the enterprise to sales, we see a ratio of 0.53. The receivables turnover for the company is 7.53for trailing twelve months and the total asset turnover is 1.19. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.16.
Conclusion
To sum up, Hooker Furnishings Corporation (HOFT) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing 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.
