The stock of Express, Inc. (NYSE:EXPR) is now priced at $1.05 and the shares are -0.05 points down or -4.55% lower compared to its previous closing price of $1.1. The stock had 2.735 million contracts set over the past session. EXPR shares’ daily volume is compared to its average trading volume at 2.038 million shares. However, it has a float of 62.08 million and although its performance was -15.32% over the week, it’s one to watch. Analysts have given the EXPR stock a yearly average price target of $1.67 per share. It means the stock’s upside potential is 59.05% with the EXPR share price recently placing at $1.05 to $1.1. However, some brokerage firms have priced the stock below the average, including one that has called $1.5.
The shorts are running away from the Express, Inc. stock, with the latest data on short interest released on July 31, 2020, showing that short interest numbers in the EXPR shares have declined. Short interest in the stock represents just 23.53% of its float, but the volume has dropped by 0.
In the last trading session, Express, Inc. (NYSE:EXPR) dropped by -$0.19 over the week and lost -$0.16 on its 20-day. The stock’s high in the recent session is lower when compared to its 52-week high of $6.24. The stock recorded its established 52-week high on 12/10/19.
Since 08/03/20, the stock has traded to a low of $1 at 5%, 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 1.93. Being above 1 means that the stock’s volatility is higher than the market and traders are keenly watching it.
Looking at current readings, Express, Inc.’s two-week RSI is 35.87. This suggests that the stock is neutral at the moment and that EXPR shares’ price movement remains stable. The stochastic readings are equally revealing at 28.48% meaning the EXPR share price is currently in overbought territory.
The technical chart shows that the EXPR stock will likely settle at between $1.0833 and $1.1167 per share. However, if the stock dips below $1.0333, then its market would become much weaker. Any downside could see the stock price sliding to levels as low as $1.0167.
Currently, the stock is trading in the red of MACD, with a reading of -0.09. 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 Maxim Group assigned EXPR a rating of Neutral in their intiating review released on May 11. B. Riley FBR, Inc. analysts see the stock as a Neutral, but they also raised the share’s target price from $7 to $9 in a flash note released to investors on November 30. Wolfe Research analysts see the stock as Peer Perform. Nonetheless, the analysts revised the share prices up on June 02, placing it at $6 from $10.
The average rating for the EXPR equity is 3 and is currently gathering a bullish momentum. Of 4 analysts tracking Express, Inc. polled by Reuters, 4 rated EXPR as a hold. The remaining 0 analysts were split evenly. However, the split wasn’t equal as a majority (0) rated it as a buy or strong buy. 0 analyst advised investors against buying the stock or to sell if they own any of the stock.
The stocks P/S ratio currently stands below the group’s average of 291.9. Express, Inc. has its P/E ratio at 0.3, which means that the stock is currently trading at a discount relative to the 8.3 industry average.
Zacks Consensus Estimate forecasts that the current-quarter revenues for Express, Inc. (NYSE:EXPR) will decrease by about -99.88%, which will see them reach $257 million. The company’s full-year revenues are, however, expected to diminish by about -29.21%, down from $2020 million to $1430 million. EXPR’s expected adjusted earnings should surge almost 792.31% to end up at -$1.16 per share, while for the fiscal year, analysts project the company’s earnings to grow by about 2100% to record -$2.86/share.