Citi Trends, Inc. (NASDAQ:CTRN) went up by 24.56% from its latest closing price when compared to the 1-year high value of $24.78 and move down -25.03%, while CTRN stocks collected +12.17% of gains with the last five trading sessions. Press Release reported 4 hours ago that Citi Trends Provides Business Update
Citi Trends, Inc. (NASDAQ:CTRN) Worth an Investment?
Citi Trends, Inc. (NASDAQ: CTRN) The 36 Months beta value for CTRN stocks is at 1.58, while of the analysts out of 0 who provided ratings for Citi Trends, Inc. stocks as a “buy” while as overweight, rated it as hold and as sell. CTRN currently has a short float of 4.18% and public float of 9.66M with average trading volume of 138.04K shares.
CTRN Market Performance
CTRN stocks went down by -8.62% for the week, with the monthly drop of -2.03% and a quarterly performance of 73.12%, while its annual performance rate touched 8.82%. The simple moving average for the period of the last 20 days is 20.07% for CTRN stocks with the simple moving average of 14.16% for the last 200 days.
Analysts’ Opinion on Citi Trends, Inc. (NASDAQ:CTRN)
Many brokerage firms have already submitted their reports for CTRN stocks, with Sidoti repeating the rating for CTRN shares by setting it to “Buy”. The predicted price for CTRN socks in the upcoming period according to Sidoti is $28 based on the research report published on February 22, 2019.
MKM Partners, on the other hand, stated in their research note that they expect to see CTRN stock at the price of $28. The rating they have provided for CTRN stocks is “Buy” according to the report published on March 20, 2018.
MKM Partners gave “Neutral” rating to CTRN stocks, setting the target price at $16 in the report published on May 18, 2016.
CTRN Stocks 42.96% Far from 50 Day Moving Average
After a stumble in the market that brought CTRN to its low price for the period of the last 52 weeks, Citi Trends, Inc. was unable to take a rebound, for now settling with -20.03% of loss for the given period.
The stock volatility was left at 6.24%, however, within the period of a single month, the volatility rate increased by 6.41%, while the shares surge at the distance of +19.30% for the moving average in the last 20 days. In oppose to the moving average for the last 50 days, trading by +85.34% upper at the present time.
In the course of the last 5 trading sessions, CTRN went up by +12.17%, which changed the moving average for the period of 200 days to the total of +2.38% of gains for the stock in comparison to the 20-day moving average settled at $16.66. In addition, Citi Trends, Inc. saw -31.19% in overturn over the period of a single year with a tendency to cut further losses.
CTRN Stock Insider Trading
Reports are indicating that there were more than several insider trading activities at Citi Trends, Inc. (CTRN), starting from JENKINS MARGARET L, who sold 3,733 shares at the price of $10.86 back on Mar 19. After this action, Rushing now owns 4,390 shares of Citi Trends, Inc., valued at $40,540 with the latest closing price.
DUSKIN JONATHAN, the Director of Citi Trends, Inc., sold 2,100 shares at the value of $20.65 during a trade that took place back on Dec 02, which means that DUSKIN JONATHAN is holding 486,910 shares at the value of $43,365 based on the most recent closing price.
An article written by Melissa Arnold on newsheater.com