Can Torrid Holdings Inc (NYSE: CURV) Shares Make A Higher Price Run?

In the last trading session, 1.14 million shares of the Torrid Holdings Inc (NYSE:CURV) were traded, and its beta was 2.01. Most recently the company’s share price was $4.16, and it changed around $0.52 or 14.29% from the last close, which brings the market valuation of the company to $497.68M. CURV currently trades at a discount to its 52-week high of $9.14, offering almost -119.71% off that amount. The share price’s 52-week low was $2.18, which indicates that the current value has risen by an impressive 47.6% since then. We note from Torrid Holdings Inc’s average daily trading volume that its 10-day average is 0.88 million shares, with the 3-month average coming to 655.14K.

Torrid Holdings Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.67. If we narrow it down even further, the data shows that 1 out of 6 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 4 recommended CURV as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. Torrid Holdings Inc is expected to report earnings per share of -0.07 for the current quarter.

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Torrid Holdings Inc (NYSE:CURV) trade information

Instantly CURV has showed a green trend with a performance of 14.29% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 4.79 on recent trading dayincreased the stock’s daily price by 13.15%. The company’s shares are currently down -27.90% year-to-date, but still down -3.03% over the last five days. On the other hand, Torrid Holdings Inc (NYSE:CURV) is 7.49% up in the 30-day period. We can see from the shorts that 0.51 million shares have been sold at a short interest cover period of 1.31 day(s).

The consensus price target as assigned by Wall Street analysts is $4.9, which translates to bulls needing to increase their stock price by 15.1% from its current value. Analyst projections state that CURV is forecast to be at a low of $3.5 and a high of $6.

Torrid Holdings Inc (CURV) estimates and forecasts

Torrid Holdings Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -36.68 percent over the past six months and at a 27.27% annual growth rate that is well above the industry average of 8.60%. The year-over-year growth rate is expected to be -4.77%, down from the previous year.

Consensus estimates provided by 4 financial analysts predict the company will bring in an average of 263M in revenue for the current quarter. 2 analysts expect Torrid Holdings Inc to make 276.14M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 293.54M and 279.77M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -10.40%. Forecasts for the next quarter put sales growth at -1.30%.

CURV Dividends

Torrid Holdings Inc’s next quarterly earnings report is expected to be released in January.

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

Upon looking at major shareholders, it appears that insiders hold 9.94% of Torrid Holdings Inc shares, and 82.08% of them are in the hands of institutional investors. The stock currently has a share float of 91.14%. Torrid Holdings Inc stock is held by 119.0 institutions, with SYCAMORE PARTNERS MANAGEMENT, L.P. being the largest institutional investor. By 2024-06-30, it held 78.9811% of the shares, which is about 82.35 million shares worth $616.82 million.

FUND 1 INVESTMENTS, LLC, with 1.4329% or 1.49 million shares worth $11.19 million as of 2024-06-30, holds the second largest percentage of outstanding shares.