Express Inc. [NYSE: EXPR] gained 0.96% or 0.01 points to close at $1.05 with a heavy trading volume of 3351621 shares. The company report on December 3, 2020 that Express, Inc. Reports Third Quarter 2020 Results.
Third quarter comparable sales of negative 30%, largely resulting from continued steep declines in wear-to-work and occasion-based categories.
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Third quarter diluted loss per share of $1.39; adjusted diluted loss per share of $1.17.
It opened the trading session at $1.05, the shares rose to $1.07 and dropped to $1.00, the range by which the price of stock traded the whole day. The daily chart for EXPR points out that the company has recorded -44.15% loss over the past six months. However, it is still -84.21% lower than its most recent low trading price.
If we look at the average trading volume of 6.34M shares, EXPR reached to a volume of 3351621 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Express Inc. [EXPR]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for EXPR shares is $1.25 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on EXPR stock is a recommendation set at 3.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Wedbush have made an estimate for Express Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on May 11, 2018. While these analysts kept the previous recommendation, B. Riley FBR Inc. raised their target price from $7 to $9. The new note on the price target was released on November 30, 2017, representing the official price target for Express Inc. stock. Previously, the target price had yet another drop from $10 to $6, while Wolfe Research kept a Peer Perform rating on EXPR stock. On June 02, 2017, analysts decreased their price target for EXPR shares from 8 to 6.
The Average True Range (ATR) for Express Inc. is set at 0.15, with the Price to Sales ratio for EXPR stock in the period of the last 12 months amounting to 0.05. The Price to Book ratio for the last quarter was 1.12, with the Price to Cash per share for the same quarter was set at 1.58.
Trading performance analysis for EXPR stock
Express Inc. [EXPR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -7.08. With this latest performance, EXPR shares gained by 36.79% in over the last four-week period, additionally sinking by -44.15% over the last 6 months – not to mention a drop of -78.74% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for EXPR stock in for the last two-week period is set at 46.53, with the RSI for the last a single of trading hit 40.62, and the three-weeks RSI is set at 49.25 for Express Inc. [EXPR]. The present Moving Average for the last 50 days of trading for this stock 0.9355, while it was recorded at 1.0880 for the last single week of trading, and 1.3880 for the last 200 days.
Express Inc. [EXPR]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Express Inc. [EXPR] shares currently have an operating margin of -0.68 and a Gross Margin at +27.27. Express Inc.’s Net Margin is presently recorded at -8.14.
Return on Total Capital for EXPR is now -1.26, given the latest momentum, and Return on Invested Capital for the company is -16.82. Return on Equity for this stock declined to -33.15, with Return on Assets sitting at -10.16. When it comes to the capital structure of this company, Express Inc. [EXPR] has a Total Debt to Total Equity ratio set at 276.51. Additionally, EXPR Total Debt to Total Capital is recorded at 73.44, with Total Debt to Total Assets ending up at 53.81. Long-Term Debt to Equity for the company is recorded at 220.85, with the Long-Term Debt to Total Capital now at 58.66.
Reflecting on the efficiency of the workforce at the company, Express Inc. [EXPR] managed to generate an average of -$11,740 per employee. Receivables Turnover for the company is 143.24 with a Total Asset Turnover recorded at a value of 1.25.Express Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.40 and a Current Ratio set at 1.00.
Express Inc. [EXPR]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Express Inc. posted 0.19/share EPS, while the average EPS was predicted by analysts to be reported at 0.18/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 5.60%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for EXPR.
An analysis of insider ownership at Express Inc. [EXPR]
There are presently around $48 million, or 70.60% of EXPR stock, in the hands of institutional investors. The top three institutional holders of EXPR stocks are: CONTRARIUS INVESTMENT MANAGEMENT LTD with ownership of 6,057,100, which is approximately 0.49% of the company’s market cap and around 0.90% of the total institutional ownership; DIVISAR CAPITAL MANAGEMENT LLC, holding 5,579,121 shares of the stock with an approximate value of $5.86 million in EXPR stocks shares; and BLACKROCK INC., currently with $4.82 million in EXPR stock with ownership of nearly -55.046% of the company’s market capitalization.
Positions in Express Inc. stocks held by institutional investors increased at the end of December and at the time of the December reporting period, where 32 institutional holders increased their position in Express Inc. [NYSE:EXPR] by around 5,325,947 shares. Additionally, 71 investors decreased positions by around 28,351,445 shares, while 17 investors held positions by with 11,848,072 shares. The mentioned changes placed institutional holdings at 45,525,464 shares, according to the latest SEC report filing. EXPR stock had 14 new institutional investments in for a total of 2,752,002 shares, while 43 institutional investors sold positions of 9,298,447 shares during the same period.