In yesterday’s Wall Street session, Container Store Group Inc (NYSE:TCS) shares traded at $0.52, down -8.58% from the previous session.
TCS stock price is now -36.29% away from the 50-day moving average and -66.07% away from the 200-day moving average. The market capitalization of the company currently stands at $26.20M.
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With the price target reduced from $5 to $3.50, Lake Street Downgraded its rating from Buy to Hold for Container Store Group Inc (NYSE: TCS). On April 13, 2022, Lake Street recently initiated its ‘Buy’ rating on the stock quoting a target price of $10, while ‘Goldman’ rates the stock as ‘Neutral’
In other news, Malhotra Satish, CEO & PRESIDENT bought 16,715 shares of the company’s stock on Nov 13 ’23. The stock was bought for $30,359 at an average price of $1.82. Upon completion of the transaction, the CEO & PRESIDENT now directly owns 754,653 shares in the company, valued at $0.39 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 31 ’23, CEO & PRESIDENT Malhotra Satish bought 12,417 shares of the business’s stock. A total of $30,307 was incurred on buying the stock at an average price of $2.44. This leaves the insider owning 737,938 shares of the company worth $0.38 million. A total of 35.93% of the company’s stock is owned by insiders.
During the past 12 months, Container Store Group Inc has had a low of $0.53 and a high of $3.71. As of last week, the company has a debt-to-equity ratio of 3.86, a current ratio of 1.19, and a quick ratio of 0.37. The fifty day moving average price for TCS is $0.8062 and a two-hundred day moving average price translates $1.5267 for the stock.
The latest earnings results from Container Store Group Inc (NYSE: TCS) was released for 2024-03-30. The net profit margin was -12.18% and return on equity was -48.97% for TCS. The company reported revenue of $206.04 million for the quarter, compared to $259.72 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -20.67 percent.
