Is A Downturn Overdue? Valaris plc (VAL), Guess’, Inc. (GES)?

    Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 13 believe it has the potential for further growth, thus rating it as Hold while 4 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $13.78. The price of the stock the last time has raised by 22.07% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 35.62.

    The shares of the company dipped by -4.17% during the trading session on Thursday, reaching a low of $4.37 while ending the day at $4.37. During the trading session, a total of 2.64 million shares were traded which represents a 67.02% incline from the average session volume which is 8.02M shares. VAL had ended its last session trading at 4.56. Valaris plc currently has a market cap of $753.78M while its P/E earnings growth sits at 0.41, with a beta of 2.55. Valaris plc debt-to-equity ratio currently stands at 0.74, while its quick ratio hovers at 1.00. VAL 52-week low price stands at $3.58 while its 52-week high price is $38.04.

    The company in its last quarterly report recorded -$1.32 earnings per share which is below the -$1.27 predicted by most analysts. The Valaris plc generated $583.90 million in revenue during the last quarter, which is slightly higher than the $583.81 million predicted by analysts. In the second quarter last year, the firm recorded -$1.69 earnings per share. Compared to the same quarter last year, the firm’s revenue was down by -28.03%. Valaris plc has the potential to record -2.21 EPS for the current fiscal year, according to equities analysts.

    Investment analysts at Telsey Advisory Group published a research note on April 23rd, 2019 where it informed investors and clients that Guess’, Inc. (NYSE:GES) is now rated as Market Perform. Their price target on the stock stands at $19. Even though the stock has been trading at $14.93/share, analysts expect it to surge higher by 3.08% to reach $22.50/share. It started the day trading at $15.57 and traded between $15.02 and $15.39 throughout the trading session.

    A look at its technical shows that GES’s 50-day SMA is 15.71 while its 200-day SMA stands at 18.99. The stock has a high of $26.95 for the year while the low is $13.34. The company’s P/E ratio currently sits at 79.74, while the P/B ratio is 2.25. At the moment, only of Guess’, Inc. shares were sold short. The company’s average trading volume currently stands at 2.08M shares, which means that the short-interest ratio is just 5.19 days. Over the past seven days, the company moved, with its shift of 13.83%. Looking further, the stock has dropped -11.35% over the past 90 days while it lost -27.13% over the last six months.

    The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. Fidelity Management Research Co sold more GES shares, decreasing its portfolio by -8.66% during the last quarter. This move now sees Fidelity Management Research Co selling -1,001,987 shares in the last quarter, thus it now holds 10,573,266 shares of GES, with a total valuation of $178,159,532. BlackRock Fund Advisors meanwhile sold more GES shares in the recently filed quarter, changing its stake to $122,851,834 worth of shares. Dimensional Fund Advisors LP followed the path by decreasing its GES portfolio by -7.57% in the quarter. This means that Dimensional Fund Advisors LP sold -482,313 shares in the last quarter and now controls 5,890,726 shares of the GES stock, with the valuation hitting $99,258,733.

    Similarly, SSgA Funds Management Inc increased its Guess’, Inc. shares by +1.44% during the recently filed quarter. After buying 27,134 shares in the last quarter, the firm now controls 1,917,682 shares of Guess’, Inc. which are valued at $32,312,942. In the same vein, Goldman Sachs Asset Management LP increased its Guess’, Inc. shares by during the most recent reported quarter. The firm bought 1,289,890 shares during the quarter which increased its stakes to 1,834,175 shares and is now valued at $30,905,849. Following these latest developments, around 0.80% of Guess’, Inc. stocks are owned by institutional investors and hedge funds.