Torrid Holdings Inc (NYSE: CURV) Drops -164.93% From Highs, What Happens Next?

Torrid Holdings Inc (NYSE:CURV)’s traded shares stood at 1.11 million during the last session, with the company’s beta value hitting 1.95. At the close of trading, the stock’s price was $3.45, to imply a decrease of -10.16% or -$0.39 in intraday trading. The CURV share’s 52-week high remains $9.14, putting it -164.93% down since that peak but still an impressive 51.01% since price per share fell to its 52-week low of $1.69. The company has a valuation of $361.15M, with an average of 0.58 million shares in intraday trading volume over the past 10 days and average of 413.37K shares over the past 3 months.

Analysts have given a consensus recommendation of Hold for Torrid Holdings Inc (CURV), translating to a mean rating of 3.00. Of 5 analyst(s) looking at the stock, 2 analyst(s) give CURV a Sell rating. 0 of those analysts rate the stock as Overweight while 2 advise Hold as 1 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.02.

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Torrid Holdings Inc (NYSE:CURV) trade information

After registering a -10.16% downside in the last session, Torrid Holdings Inc (CURV) has traded red over the past five days. The 5-day price performance for the stock is -11.76%, and -43.81% over 30 days. With these gigs, the year-to-date price performance is -40.21%. Short interest in Torrid Holdings Inc (NYSE:CURV) saw shorts transact 0.48 million shares and set a 0.86 days time to cover.

The extremes give us $3.5 and $6 for target low and target high price respectively. As such, CURV has been trading -73.91% off suggested target high and -1.45% from its likely low.

Torrid Holdings Inc (CURV) estimates and forecasts

Looking at statistics comparing Torrid Holdings Inc share performance against respective industry, we note that the company has outperformed competitors. Torrid Holdings Inc (CURV) shares are -26.12% down over the last 6 months, with its year-to-date growth rate higher than industry average at 72.73% against 12.20%. Revenue is forecast to grow 166.70% this quarter before jumping 25.00% for the next one. The rating firms project that company’s revenue will shrink -1.20% compared to the previous financial year.

Revenue forecast for the current quarter as set by 4 analysts is 286.68M. Meanwhile, for the current quarter, a total of 4 analyst(s) estimate revenue growth to 291.32M.

CURV Dividends

Torrid Holdings Inc has its next earnings report out in November. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.

Torrid Holdings Inc (NYSE:CURV)’s Major holders

Torrid Holdings Inc insiders hold 10.04% of total outstanding shares, with institutional holders owning 82.83% of the shares at 92.07% float percentage. In total, 82.83% institutions holds shares in the company, led by SYCAMORE PARTNERS MANAGEMENT, L.P.. As of 2024-06-30, the company held over 82.35 million shares (or 78.9811% of shares), all amounting to roughly $616.82 million.

The next major institution holding the largest number of shares is FUND 1 INVESTMENTS, LLC with 1.49 million shares, or about 1.4329% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $11.19 million.