As of Thursday, Torrid Holdings Inc.’s (NYSE:CURV) stock closed at $4.25, up from $4.15 the previous day. While Torrid Holdings Inc. has overperformed by 2.41%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, CURV fell by -31.89%, with highs and lows ranging from $8.29 to $2.19, whereas the simple moving average jumped by 1.29% in the last 200 days.
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On February 15, 2023, Jefferies Downgraded Torrid Holdings Inc. (NYSE: CURV) to Hold. A report published by Telsey Advisory Group on December 09, 2022, Reiterated its previous ‘Outperform’ rating for CURV. Morgan Stanley Reiterated the rating as Equal-Weight on September 22, 2022, but set its price target from $6.50 to $5. Telsey Advisory Group resumed its ‘Outperform’ rating for CURV, as published in its report on August 04, 2022. Cowen’s report from July 15, 2022 suggests a price prediction of $7 for CURV shares, giving the stock a ‘Market Perform’ rating. Telsey Advisory Group also rated the stock as ‘Outperform’.
Analysis of Torrid Holdings Inc. (CURV)
Further, the quarter-over-quarter decrease in sales is -1.10%, showing a negative trend in the upcoming months.
One of the most important indicators of Torrid Holdings Inc.’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of -21.10% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.10, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and CURV is recording 182.07K average volume. On a monthly basis, the volatility of the stock is set at 13.83%, whereas on a weekly basis, it is put at 11.18%, with a loss of -2.52% over the past seven days. Furthermore, long-term investors anticipate a median target price of $4.31, showing growth from the present price of $4.25, which can serve as yet another indication of whether CURV is worth investing in or should be passed over.
How Do You Analyze Torrid Holdings Inc. Shares?
The Apparel Retail market is dominated by Torrid Holdings Inc. (CURV) based in the USA. When comparing Torrid Holdings Inc. shares with other companies under Consumer Cyclical, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 8.89, there is a growth in quarterly earnings of 82.20%.
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 4.80%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 84.00% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in CURV shares?
The recent increase in stakes in CURV appears to be a result of several institutional investors and hedge funds increasing their positions. BlackRock Fund Advisors’s position in CURV has increased by 0.18% in the first quarter. The company now owns 829,014 shares of the stock, with a value of $2.26 million, following the purchase of 1,465 additional shares during the last quarter. The Vanguard Group, Inc. made another increased to its shares in CURV during the first quarter, upping its stake by 0.67%. During the last quarter, the company dropped down 2,624 additional shares for a total stake of worth $1.08 million, bringing number of shares owned by the company to 393,927.
During the first quarter, Kestrel Investment Management Cor subtracted a -18,500 position in CURV. SSgA Funds Management, Inc. sold an additional 2585.0 shares in the last quarter, decreasing its holdings by -1.12%, now holding 0.23 million shares worth $0.63 million. At the end of the first quarter, Geode Capital Management LLC increased its CURV holdings by 0.44% and now holds 0.22 million CURV shares valued at $0.61 million with the added 979.0 shares during the period. CURV shares are owned by institutional investors to the tune of 84.00% at present.
