|Bid||15.05 x 1000|
|Ask||18.00 x 2200|
|Day's Range||15.10 - 15.87|
|52 Week Range||8.38 - 28.60|
|Beta (5Y Monthly)||1.87|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 09, 2021 - Nov 15, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||7.00|
On Thursday, shares of specialty retailer Fossil Group group were the beneficiary of a 23% boost, courtesy of a solid third quarter earnings report. Revenue jumped 13% for the quarter, while digital sales were up 28%. Earnings per share came in at 68 cents (adjusted).
In this daily bar chart of FOSL, below, we can see that prices traded in a long sideways pattern from late March. The range was fairly narrow and very old chart watchers (maybe older than me) would call it a "line" pattern. In addition to the narrow range of activity the trading volume was very light and the On-Balance-Volume (OBV) line was very flat to declining.
The accessories company reported earnings, and wow, did investors like the update. Here's a quick look at why.