The stock of Tailored Brands, Inc. (NYSE:TLRD) is now priced at $0.6 and the shares are -0.06 points down or -9.63% lower compared to its previous closing price of $0.66. The stock had 2.922 million contracts set over the past session. TLRD shares’ daily volume is compared to its average trading volume at 3.93 million shares. However, it has a float of 48.02 million and although its performance was -14.43% over the week, it’s one to watch. It means the stock’s downside potential is -100% with the TLRD share price recently placing at $0.652 to $0.7096. However, some brokerage firms have priced the stock below the average, including one that has called $2.
The shorts are running away from the Tailored Brands, Inc. stock, with the latest data on short interest released on June 30, 2020, showing that short interest numbers in the TLRD shares have declined. Short interest in the stock represents just 33.72% of its float, but the volume has dropped by 0.
In the last trading session, Tailored Brands, Inc. (NYSE:TLRD) dropped by -$0.101 over the week and lost -$0.3748 on its 20-day. The stock’s high in the recent session is lower when compared to its 52-week high of $7.24. The stock recorded its established 52-week high on 09/11/19.
Since 07/27/20, the stock has traded to a low of $0.583 at -4.94%, 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 1.66. Being above 1 means that the stock’s volatility is higher than the market and traders are keenly watching it.
Looking at current readings, Tailored Brands, Inc.’s two-week RSI is 31.21. This suggests that the stock is neutral at the moment and that TLRD shares’ price movement remains stable. The stochastic readings are equally revealing at 18.32% meaning the TLRD share price is currently in overbought territory.
The technical chart shows that the TLRD stock will likely settle at between $0.6469 and $0.6947 per share. However, if the stock dips below $0.5671, then its market would become much weaker. Any downside could see the stock price sliding to levels as low as $0.5351.
Currently, the stock is trading in the red of MACD, with a reading of -0.0343. 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 B. Riley FBR though dropped target price of TLRD stock from $6 to $5 but maintained Neutral recommendation in their December 12 review. B. Riley FBR analysts downgraded their recommendation of the stock from Buy to Neutral while keeping its target price at $20 to $11 in a flash note released to investors on March 14. B. Riley FBR analysts see the stock as Buy when the analysts initiated the share price coverage on December 18, placing it at $20.
Elsewhere, the TLRD stock price is 0.7X ahead of its 12-month Consensus earnings per share estimates.
Zacks Consensus Estimate forecasts that the current-quarter revenues for Tailored Brands, Inc. (NYSE:TLRD) will decrease by about -99.94%, which will see them reach $399.4 million. The company’s full-year revenues are, however, expected to diminish by about -23.26%, down from $2880 million to $2210 million. TLRD’s expected adjusted earnings should drop almost -314.29% to end up at -$0.45 per share, while for the fiscal year, analysts project the company’s earnings to drop by about -111.11% to record -$0.12/share.