In the latest trading session, 0.81 million Torrid Holdings Inc (NYSE:CURV) shares changed hands as the company’s beta touched 2.00. With the company’s most recent per share price at $3.20 changed hands at -$1.38 or -30.13% at last look, the market valuation stands at $334.98M. CURV’s current price is a discount, trading about -185.62% off its 52-week high of $9.14. The share price had its 52-week low at $2.18, which suggests the last value was 31.87% up since then. When we look at Torrid Holdings Inc’s average trading volume, we note the 10-day average is 0.4 million shares, with the 3-month average coming to 593.58K.
Analysts gave the Torrid Holdings Inc (CURV) stock a consensus recommendation rating of Hold, calculated at a mean rating of 3.00. If we narrow down to specifics, the data shows that 2 out of 5 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 2 recommended CURV as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. Torrid Holdings Inc’s EPS for the current quarter is expected to be -0.06.
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Torrid Holdings Inc (NYSE:CURV) trade information
Instantly CURV was in red as seen in intraday trades today. With action -19.40%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -44.54%, with the 5-day performance at -19.40% in the red. However, in the 30-day time frame, Torrid Holdings Inc (NYSE:CURV) is -10.36% down. Looking at the short shares, we see there were 0.51 million shares sold at short interest cover period of 1.31 days.
The consensus price target for the stock as assigned by Wall Street analysts is 4.9, meaning bulls need an upside of 34.69% from its recent market value. According to analyst projections, CURV’s forecast low is 3.5 with 6 as the target high. To hit the forecast high, the stock’s price needs a -87.5% plunge from its current level, while the stock would need to soar -9.37% for it to hit the projected low.
Torrid Holdings Inc (CURV) estimates and forecasts
Data shows that the Torrid Holdings Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -52.10% over the past 6 months, a 81.82% in annual growth rate that is considerably higher than the industry average of 8.00%. Year-over-year growth is forecast to reach -3.12% down from the last financial year.
Consensus estimates given by 4 financial analysts project the company’s revenue in the current quarter to hit an average of 275.48M. 2 analysts are of the opinion that Torrid Holdings Inc’s revenue for the current quarter will be 276.14M. The company’s revenue for the corresponding quarters a year ago was 293.54M and 279.77M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -6.15%. The estimates for the next quarter sales put growth at -1.30%.
The 2024 estimates are for Torrid Holdings Inc earnings to increase by 21.82%.
CURV Dividends
Torrid Holdings Inc is expected to release its next quarterly earnings report in January.
Torrid Holdings Inc (NYSE:CURV)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 9.94% of Torrid Holdings Inc shares while 82.08% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 91.14%. There are 82.08% institutions holding the Torrid Holdings Inc stock share, with SYCAMORE PARTNERS MANAGEMENT, L.P. the top institutional holder. As of 2024-06-30, the company held 78.9811% of the shares, roughly 82.35 million CURV shares worth $616.82 million.
FUND 1 INVESTMENTS, LLC holds the second largest percentage of outstanding shares, with 1.4329% or 1.49 million shares worth $11.19 million as of 2024-06-30.
