With a Forward P/E now at 15.17 and PEG Ratio at 1.00, SWI is now at a very attractive entry point. The low daily volume explains the exaggerated move this morning.
Also, SWI is trading 20-30% below NEW target prices.
I almost pulled the trigger last night in AH around 42. Glad I waited.
I wonder if other brokers besides Fidelity are allowing. I would think volume should be even higher than it is.
ZUMZ is a stock that many love to hate. In the past, me included. I have stayed away from ZUMZ for a while. Revisiting it now, It is pretty surprising how its PE, Foward PE, PEG are now in line with real businesses and their PPS.
PE in the 16s, Forward PE in the 11s ?? ZUMZ looks attractively priced to me. I bought at 25, so I am a little underwater at current price 24.11. But I think that is still a decent price once the day traders get done with this.
I agree with you moneynow. Guidance and earnings not impressive. Short squeeze? I guess that may be the reason. The % ratio of shorts isn't too high. But with 3M shorts on a thinly traded stock, well that could be enough to squeeze.
I was waiting for it to break out above 52 before shorting, which it just did.
Float is 182k with 77% held by institutions. With and average volume of under 3 million, and current volume at 46 million (wow), some institutions are reducing their position.
However, at some point, other institutions should jump in and add KORS to their fund portfolio. To goog to pass up.
This appears to be the result of institutional selling. Some institutions appear to be moving out of KORS. With the large float, this explains the high volume.
This is the only real explanation for KORS to be trading at absurdly low PPS and PE levels. Great entry point for long term investors.
And JP Morgan downgraded and slashed from 42 down to 30. It is had to understand and believe analysts. Many have an ulterior motive, like saving their a%%, when theyhave been pumping a bad stock.
LOL! Admitted ambulence chaser here. Well at least I read the report and went short as soon as I could. A small company like this losing 1 major drug is not good. Their other drugs may be good, bit come on, the stock price was way ahead of itself. Not going out of business, but PPS in for a does of reality.
Look for OTIC to test either of those levels.
I don't count cramer for anything. He in nothing but a hindsight guy. The others make me feel this is overly punished. I expected worse from URBN, like many retail mall stores. But, there are many here who are looking for URBN's demise, which is not apparently happening. Shorts had their day. I am picking up morsels at decent prices.
Urban Outfitters shares should be bought on weakness, says SunTrust
Urban Outfitters weakness a buying opportunity, says Brean Capital $46
Urban Outfitters weakness overdone, says RBC Capital
Urban Outfitters shares should be bought on weakness, says BMO Capital
Baird price target $42
Piper Jaffrey, Openheimer, and JP Morgan have price targets $35-36.
So, analysts are all over the place. But general consensus are price targets above $35.
Well, since it is on grey sheets, it is really tough to predict which way it will from this initial gap down. It was initially down to .75 on only 10,000 shares. Not everyone has access to trading Grey, so long time shorts and and longs may not be able to trade for a while.