The stock of Vipshop Holdings Limited (NYSE:VIPS) is now priced at $16.51 and the shares are -0.58 points down or -3.39% lower compared to its previous closing price of $17.09. The stock had 8.971 million contracts set over the past session. VIPS shares’ daily volume is compared to its average trading volume at 6.743 million shares. However, it has a float of 542 million and although its performance was -4.01% over the week, it’s one to watch. Analysts have given the VIPS stock a yearly average price target of $21.54 per share. It means the stock’s upside potential is 30.47% with the VIPS share price recently placing at $16.46 to $17.24. However, some brokerage firms have priced the stock below the average, including one that has called $¥117.45.
The shorts are running away from the Vipshop Holdings Limited stock, with the latest data on short interest released on July 31, 2020, showing that short interest numbers in the VIPS shares have declined. Short interest in the stock represents just 4.27% of its float, but the volume has dropped by 0.
In the last trading session, Vipshop Holdings Limited (NYSE:VIPS) dropped by -$0.69 over the week and lost -$6.39 on its 20-day. The stock’s high in the recent session is lower when compared to its 52-week high of $24.46. The stock recorded its established 52-week high on 08/18/20.
Since 09/03/19, the stock has traded to a low of $7.97 at 107.28%, 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 1.03. Being above 1 means that the stock’s volatility is higher than the market and traders are keenly watching it.
Looking at current readings, Vipshop Holdings Limited’s two-week RSI is 29.12. This suggests that the stock is overbought at the moment and that VIPS shares’ price movement remains not stable. The stochastic readings are equally revealing at 5.55% meaning the VIPS share price is currently in overbought territory.
The technical chart shows that the VIPS stock will likely settle at between $17.01 and $17.52 per share. However, if the stock dips below $16.23, then its market would become much weaker. Any downside could see the stock price sliding to levels as low as $15.96.
Currently, the stock is trading in the red of MACD, with a reading of -0.5. 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 JP Morgan cut their recommendation for VIPS from Overweight to Neutral in August 21 review. UBS analysts upgraded their recommendation of the stock from Neutral to Buy in a flash note released to investors on July 15. Credit Suisse seeing the improvements upgraded the stock from Neutral to Outperform on May 07, placing it at $18.
The average rating for the VIPS equity is 1.92 and is currently gathering a bullish momentum. Of 24 analysts tracking Vipshop Holdings Limited polled by Reuters, 9 rated VIPS as a hold. The remaining 15 analysts were split evenly. However, the split wasn’t equal as a majority (15) 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.
Elsewhere, the VIPS stock price is 11.2X ahead of its 12-month Consensus earnings per share estimates. The stocks P/S ratio currently stands at 20.1 below the group’s average of 69.7. Vipshop Holdings Limited has its P/E ratio at 3.1, which means that the stock is currently trading at a discount relative to the 15.3 industry average.
Zacks Consensus Estimate forecasts that the current-quarter revenues for Vipshop Holdings Limited (NYSE:VIPS) will decrease by about -7.38%, which will see them reach $3150 million. The company’s full-year revenues are, however, expected to increase by about 6.77%, up from $13300 million to $14200 million. VIPS’s expected adjusted earnings should surge almost 8% to end up at $0.27 per share, while for the fiscal year, analysts project the company’s earnings to grow by about 18.27% to record $1.23/share.