The stock of 1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS) is now priced at $23 and the shares are 0.84 points up or 3.79% higher compared to its previous closing price of $22.16. The stock had 1.033 million contracts set over the past session. FLWS shares’ daily volume is compared to its average trading volume at 799655 shares. However, it has a float of 24.96 million and although its performance was 4.97% over the week, it’s one to watch. Analysts have given the FLWS stock a yearly average price target of $26.71 per share. It means the stock’s upside potential is 16.13% with the FLWS share price recently placing at $22.44 to $23.56. However, some brokerage firms have priced the stock below the average, including one that has called $18.
The shorts are climbing into the 1-800-FLOWERS.COM, Inc. stock, with the latest data on short interest released on June 30, 2020, showing that short interest numbers in the FLWS shares have risen. Short interest in the stock represents just 15.3% of its float, but the volume has raised by 1037617. The volume of shorted shares rised to 3.819 million from 2.781 million shares over the last two weeks. The average intraday trading volume has been 954586 shares, which means that days to cover moved to roughly 4.000421.
In the last trading session, 1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS) raised by $1.09 over the week and gained $2.02 on its 20-day. The stock’s high in the recent session is lower when compared to its 52-week high of $26.81. The stock recorded its established 52-week high on 06/18/20.
Since 03/18/20, the stock has traded to a low of $11.15 at 106.28%, an encouraging piece of data likely to interest most investors out to exploit the stock’s recent surge. The stock has a beta allocation of 1.46. Being above 1 means that the stock’s volatility is higher than the market and traders are keenly watching it.
Looking at current readings, 1-800-FLOWERS.COM, Inc.’s two-week RSI is 57.62. This suggests that the stock is neutral at the moment and that FLWS shares’ price movement remains stable. The stochastic readings are equally revealing at 70.64% meaning the FLWS share price is currently in oversold territory.
The technical chart shows that the FLWS stock will likely settle at between $23.56 and $24.12 per share. However, if the stock dips below $22.44, then its market would become much weaker. Any downside could see the stock price sliding to levels as low as $21.88.
Currently, the stock is trading in the green of MACD, with a reading of 0.61. Investors always pay attention to any move above or below the zero-line, mainly because the indicator points to the position of the stock’s short-term average relative to its long-term measure. A MACD -a reading above the zero line means that the short-term is above the long-term average. This scenario implies that there is an upward momentum. The opposite is true when the MACD falls below the zero-line.
Analysts at DA Davidson cut their recommendation for FLWS from Neutral to Underperform in June 02 review while maintai their target price of $17. The Benchmark Company analysts see the stock as a Buy, but they also raised the share’s target price from $20 to $23 in a flash note released to investors on May 01. DA Davidson seeing the stock struggling downgraded it from Buy to Neutral on April 13 placing it at $14.
The average rating for the FLWS equity is 1.86 and is currently gathering a bullish momentum. Of 7 analysts tracking 1-800-FLOWERS.COM, Inc. polled by Reuters, 1 rated FLWS as a hold. The remaining 6 analysts were split evenly. However, the split wasn’t equal as a majority (5) rated it as a buy or strong buy. 1 analyst advised investors against buying the stock or to sell if they own any of the stock.
Elsewhere, the FLWS stock price is 33.33X ahead of its 12-month Consensus earnings per share estimates. The stocks P/S ratio currently stands at 36.3 above the group’s average of 36.1. 1-800-FLOWERS.COM, Inc. has its P/E ratio at 3.7, which means that the stock is currently trading at a discount relative to the 6.2 industry average.
Zacks Consensus Estimate forecasts that the current-quarter revenues for 1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS) will decrease by about -99.86%, which will see them reach $389.58 million. The company’s full-year revenues are, however, expected to increase by about 16.8%, up from $1250 million to $1460 million. FLWS’s expected adjusted earnings should drop almost -246.15% to end up at $0.19 per share, while for the fiscal year, analysts project the company’s earnings to grow by about 78.85% to record $0.93/share.