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The closing price of Citi Trends Inc (NASDAQ: CTRN) was $15.24 for the day, down -7.24% from the previous closing price of $16.43. In other words, the price has decreased by -$7.24 from its previous closing price. On the day, 1.06 million shares were traded. CTRN stock price reached its highest trading level at $16.8346 during the session, while it also had its lowest trading level at $14.9.
Ratios:
Our analysis of CTRN’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.53 and its Current Ratio is at 1.36. In the meantime, Its Debt-to-Equity ratio is 1.48 whereas as Long-Term Debt/Eq ratio is at 1.19.
On August 23, 2023, Craig Hallum Upgraded its rating to Buy which previously was Hold and also upped its target price recommendation from $18 to $32.
On June 27, 2023, DA Davidson started tracking the stock assigning a Buy rating and target price of $21.DA Davidson initiated its Buy rating on June 27, 2023, with a $21 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Aug 08 ’24 when Laurens M. Goff bought 2,652 shares for $21.12 per share.
Fund 1 Investments, LLC bought 3,000 shares of CTRN for $60,176 on Jul 15 ’24. The 10% Owner now owns 2,571,986 shares after completing the transaction at $20.06 per share. On Jul 12 ’24, another insider, Seipel Kenneth Duane, who serves as the Interim CEO of the company, bought 135,128 shares for $19.06 each. As a result, the insider paid 2,575,945 and bolstered with 319,562 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CTRN now has a Market Capitalization of 130992368 and an Enterprise Value of 297976480. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.17 while its Price-to-Book (P/B) ratio in mrq is 0.84. Its current Enterprise Value per Revenue stands at 0.395 whereas that against EBITDA is 93.439.
Stock Price History:
Over the past 52 weeks, CTRN has reached a high of $32.90, while it has fallen to a 52-week low of $15.11. The 50-Day Moving Average of the stock is -18.28%, while the 200-Day Moving Average is calculated to be -36.73%.
Shares Statistics:
CTRN traded an average of 171.69K shares per day over the past three months and 194240 shares per day over the past ten days. A total of 8.55M shares are outstanding, with a floating share count of 7.95M. Insiders hold about 7.54% of the company’s shares, while institutions hold 109.51% stake in the company. Shares short for CTRN as of 1722384000 were 1721879 with a Short Ratio of 10.63, compared to 1719532800 on 1398482. Therefore, it implies a Short% of Shares Outstanding of 1721879 and a Short% of Float of 31.5.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 1.37.
