The stock of LightInTheBox Holding Co., Ltd. (NYSE:LITB) is now priced at $2.6 and the shares are -0.03 points down or -1.14% lower compared to its previous closing price of $2.63. The stock had 1.313 million contracts set over the past session. LITB shares’ daily volume is compared to its average trading volume at 1.09 million shares. However, it has a float of 76.36 million and although its performance was -3.7% over the week, it’s one to watch. Analysts have given the LITB stock a yearly average price target of $3 per share. It means the stock’s upside potential is 15.38% with the LITB share price recently placing at $2.5 to $2.8. However, some brokerage firms have priced the stock below the average, including one that has called $3.

The shorts are running away from the LightInTheBox Holding Co., Ltd. stock, with the latest data on short interest released on July 31, 2020, showing that short interest numbers in the LITB shares have declined. Short interest in the stock represents just 0.06% of its float, but the volume has dropped by 0.

In the last trading session, LightInTheBox Holding Co., Ltd. (NYSE:LITB) dropped by -$0.1 over the week and gained $1.38 on its 20-day. The stock’s high in the recent session is lower when compared to its 52-week high of $3.89. The stock recorded its established 52-week high on 08/10/20.

Since 04/14/20, the stock has traded to a low of $0.58 at 346.74%, 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 0.45. Being above 1 means that the stock’s volatility is higher than the market and traders are keenly watching it.

Looking at current readings, LightInTheBox Holding Co., Ltd.’s two-week RSI is 62.35. This suggests that the stock is neutral at the moment and that LITB shares’ price movement remains stable. The stochastic readings are equally revealing at 51.33% meaning the LITB share price is currently in neutral territory.

The technical chart shows that the LITB stock will likely settle at between $2.77 and $2.93 per share. However, if the stock dips below $2.47, then its market would become much weaker. Any downside could see the stock price sliding to levels as low as $2.33.

Currently, the stock is trading in the red of MACD, with a reading of -0.01. 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 Oppenheimer cut their recommendation for LITB from Outperform to Perform in February 27 review.

The stocks P/S ratio currently stands at 9.3 below the group’s average of 66.4. LightInTheBox Holding Co., Ltd. has its P/E ratio at 7.3, which means that the stock is currently trading at a discount relative to the 14.6 industry average.


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