The stock of Five Below, Inc. (NASDAQ:FIVE) is now priced at $114.42 and the shares are 4.97 points up or 4.54% higher compared to its previous closing price of $109.45. The stock had 1.405 million contracts set over the past session. FIVE shares’ daily volume is compared to its average trading volume at 0.988 million shares. However, it has a float of 54.19 million and although its performance was 1.85% over the week, it’s one to watch. Analysts have given the FIVE stock a yearly average price target of $124.71 per share. It means the stock’s upside potential is 8.99% with the FIVE share price recently placing at $108.51 to $114.45. However, some brokerage firms have priced the stock below the average, including one that has called $101.
The shorts are running away from the Five Below, Inc. stock, with the latest data on short interest released on August 14, 2020, showing that short interest numbers in the FIVE shares have declined. Short interest in the stock represents just 9.81% of its float, but the volume has dropped by -142642. The volume of shorted shares dropped to 5.316 million from 5.458 million shares over the last two weeks. The average intraday trading volume has been 766226 shares, which means that days to cover moved to roughly 6.937693.
In the last trading session, Five Below, Inc. (NASDAQ:FIVE) raised by $2.08 over the week and gained $6.39 on its 20-day. The stock’s high in the recent session is lower when compared to its 52-week high of $137.96. The stock recorded its established 52-week high on 09/12/19.
Since 03/19/20, the stock has traded to a low of $47.53 at 140.73%, 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 1.24. Being above 1 means that the stock’s volatility is higher than the market and traders are keenly watching it.
Looking at current readings, Five Below, Inc.’s two-week RSI is 58.65. This suggests that the stock is neutral at the moment and that FIVE shares’ price movement remains stable. The stochastic readings are equally revealing at 64.66% meaning the FIVE share price is currently in neutral territory.
The technical chart shows that the FIVE stock will likely settle at between $116.41 and $118.4 per share. However, if the stock dips below $110.47, then its market would become much weaker. Any downside could see the stock price sliding to levels as low as $106.52.
Currently, the stock is trading in the green of MACD, with a reading of 0.58. 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 Gordon Haskett raised their recommendation for FIVE from Hold to Buy in June 10 review while maintain their target price of $135. Telsey Advisory Group analysts see the stock as a Market Perform, but they also dropped the share’s target price from $68 to $108 in a flash note released to investors on June 04. Goldman analysts see the stock as Neutral when the analysts initiated the share price coverage on May 18, placing it at $89.
The average rating for the FIVE equity is 1.9 and is currently gathering a bullish momentum. Of 20 analysts tracking Five Below, Inc. polled by Reuters, 5 rated FIVE 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 FIVE stock price is 31.35X ahead of its 12-month Consensus earnings per share estimates. The stocks P/S ratio currently stands at 65.4 above the group’s average of 52.5. Five Below, Inc. has its P/E ratio at 9.2, which means that the stock is currently trading at a premium relative to the 7.3 industry average.
Zacks Consensus Estimate forecasts that the current-quarter revenues for Five Below, Inc. (NASDAQ:FIVE) will decrease by about -99.8%, which will see them reach $406 million. The company’s full-year revenues are, however, expected to diminish by about -1.62%, down from $1850 million to $1820 million. FIVE’s expected adjusted earnings should drop almost -72.55% to end up at $0.14 per share, while for the fiscal year, analysts project the company’s earnings to drop by about -50.32% to record $1.55/share.