Sequential Brands Group, Inc. (NASDAQ:SQBG) has a beta value of 0.85 and has seen 2,326,139 shares traded in the recent trading session. The company, currently valued at $13.45 Million, closed the recent trade at $0.21 per share which meant it lost $0 on the day or 3.03% during that session. The SQBG stock price is -204.76% off its 52-week high price of $0.64 and 52.38% above the 52-week low of $0.1. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.46 Million shares traded. The 3-month trading volume is 5.01 Million shares.
The consensus among analysts is that Sequential Brands Group, Inc. (SQBG) is a Hold stock at the moment, with a recommendation rating of 3. None of the analysts rate the stock as a Sell, while none rate it as Overweight. 1 out of 1 have rated it as a Hold, with no one of them advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is $0.
Sequential Brands Group, Inc. (NASDAQ:SQBG) trade information
Sporting 3.58% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Thursday, Jul 09 when the SQBG stock price touched $0.2262 or saw a rise of 9.99%. Year-to-date, Sequential Brands Group, Inc. shares have moved -40.55%, while the 5-day performance has seen it change 3.88%. Over the past 30 days, the shares of Sequential Brands Group, Inc. (NASDAQ:SQBG) have changed -24.03%. Short interest in the company has seen 3.06 Million shares shorted with days to cover at 0.61.
Wall Street analysts have a consensus price target for the stock at $0.3, which means that the shares’ value could jump 42.86% from current levels. The projected low price target is $0.3 while the price target rests at a high of $0.3. In that case, then, we find that the current price level is +42.86% off the targeted high while a plunge would see the stock lose 42.86% from current levels.
Sequential Brands Group, Inc. (SQBG) estimates and forecasts
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +12.64% over the past 5 years. Earnings growth for 2020 is a modest -93.4% while over the next 5 years, the company’s earnings are expected to increase by 15%.
Sequential Brands Group, Inc. (NASDAQ:SQBG)’s Major holders
Insiders own 17.59% of the company shares, while shares held by institutions stand at 41.59% with a share float percentage of 50.47%. Investors are also buoyed by the number of investors in a company, with Sequential Brands Group, Inc. having a total of 49 institutions that hold shares in the company. The top two institutional holders are Prescott Group Capital Management, L.L.C. with over 8.46 Million shares worth more than $1.73 Million. As of March 30, 2020, Prescott Group Capital Management, L.L.C. held 12.85% of shares outstanding.
The other major institutional holder is Carlyle Group Inc., with the holding of over 6.37 Million shares as of March 30, 2020. The firm’s total holdings are worth over $1.31 Million and represent 9.67% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund. As of March 30, 2020, the former fund manager holds about 1.31% shares in the company for having 860887 shares of worth $176.48 Thousand while later fund manager owns 507.31 Thousand shares of worth $104Thousand as of March 30, 2020, which makes it owner of about 0.77% of company’s outstanding stock.