Canada Goose Holdings Inc. (NYSE:GOOS) Relative Strength Index (RSI) is 51.73, with weekly volatility at 2.71% and ATR at 1.42. The GOOS stock’s 52-week price range has touched low of $21.38 and a $50.05 high. Intraday shares traded counted 0.65 million, which was 30.05% higher than its 30-day average trading volume of 934.37K. Its shares traded higher over the last trading session, gaining 0.80% on 06/09/21. The shares fell to a low of $40.06 before closing at $40.51. GOOS’s previous close was $40.19 while the outstanding shares total 59.33M. The firm has a 12-month trailing P/E ratio of 78.97, and a growth ratio of 2.76.
Investors have identified the Apparel Manufacturing company Canada Goose Holdings Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $2.40 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Canada Goose Holdings Inc. (GOOS) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. In terms of their assets, the company currently has 679.76 million total, with 198.65 million as their total liabilities.
GOOS were able to record 202.21 million as free cash flow during the 08/10/2021 quarter of the year, this saw their quarterly net cash flow reduce by 338.18 million. In cash movements, the company had a total of 222.59 million as operating cash flow.
Potential earnings growth for Canada Goose Holdings Inc. (GOOS)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 08/10/2021 quarter of the year, Canada Goose Holdings Inc. recorded a total of 156.05 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 34.71% coming in sequential stages and their sales for the 08/10/2021 quarter reducing by -133.12%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 53.19 million trying to sell their products during the last quarter, with the result yielding a gross income of 102.86 million. This allows shareholders to hold on to 59.33M with the recently reported earning now reading -0.01 cents per share. This is a figure that compared to analystâ€™s prediction for their 08/10/2021 (0.01 cents a share).
Having a look at the companyâ€™s valuation, the company is expected to record 1.23 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on GOOS sounds very interesting.
Is the stock of GOOS attractive?
In the last 6 months, insiders have changed their ownership in shares of company stock by 0.76%.
10 out of 17 analysts covering the stock have rated it a Buy, while 2 have maintained a Hold recommendation on Canada Goose Holdings Inc.. 2 analysts has assigned a Sell rating on the GOOS stock. The 12-month mean consensus price target for the companyâ€™s shares has been set at $32.90.