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Express Inc. (NYSE:EXPR) Drops -11.02 Percent In A Week: What Motivates The Stock?

In last trading session, Express Inc. (NYSE:EXPR) saw 1.03 million shares changing hands with its beta currently measuring 1.48. Company’s recent per share price level of $1.13 trading at -$0.04 or -3.42% at ring of the bell on the day assigns it a market valuation of $78.38M. That closing price of EXPR’s stock is at a discount of -400.88% from its 52-week high price of $5.66 and is indicating a discount of -1.77% from its 52-week low price of $1.15. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.86 million shares which gives us an average trading volume of 2.67 million if we extend that period to 3-months.

Express Inc. (NYSE:EXPR) trade information

Upright in the red during last session for losing -3.42%, in the last five days EXPR remained trading in the red while hitting it’s week-highest on Monday, 09/19/22 when the stock touched $1.13 price level, adding 11.72% to its value on the day. Express Inc.’s shares saw a change of -63.31% in year-to-date performance and have moved -11.02% in past 5-day. Express Inc. (NYSE:EXPR) showed a performance of -47.20% in past 30-days. Number of shares sold short was 5.54 million shares which calculate 1.97 days to cover the short interests.

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Express Inc. (EXPR) estimates and forecasts

Statistics highlight that Express Inc. is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -68.87% of value to its shares in past 6 months, showing an annual growth rate of 21.74% while that of industry is -7.10. Apart from that, the company came raising its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to increase by 350.00% in the current quarter and calculating -58.80% decrease in the next quarter. This year revenue growth is estimated to rise 8.70% from the last financial year’s standing.

2 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $479.62 million for the same. And 2 analysts are in estimates of company making revenue of $488.65 million in the next quarter that will end on Oct 2022.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -18.10% during past 5 years.

EXPR Dividends

Express Inc. is more likely to be releasing its next quarterly report between March 08 and March 14 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

Express Inc. (NYSE:EXPR)’s Major holders

Insiders are in possession of 4.05% of company’s total shares while institution are holding 54.16 percent of that, with stock having share float percentage of 56.44%. Investors also watch the number of corporate investors in a company very closely, which is 54.16% institutions for Express Inc. that are currently holding shares of the company. Contrarius Investment Management Limited is the top institutional holder at EXPR for having 6.31 million shares of worth $22.48 million. And as of Mar 30, 2022, it was holding 9.28% of the company’s outstanding shares.

The second largest institutional holder is Towle & Company, which was holding about 4.01 million shares on Mar 30, 2022. The number of shares represents firm’s hold over 5.89% of outstanding shares, having a total worth of $14.27 million.

On the other hand, Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF are the top two Mutual Funds which own company’s shares. As of Mar 30, 2022, the former fund manager was holding 2.07 million shares of worth $7.37 million or 3.04% of the total outstanding shares. The later fund manager was in possession of 1.36 million shares on Jun 29, 2022, making its stake of worth around $2.66 million in the company or a holder of 2.00% of company’s stock.

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