Is The Michaels Companies, Inc. (MIK) A 'Must-Own' Growth Stock?
The Michaels Companies, Inc. (NASDAQ:MIK) went up by 4.94% from its latest closing price when compared to the 1-year high value of $14.47 and move down -178.27%, while MIK stocks collected +4.42% of gains with the last five trading sessions. Press Release reported 6 hours ago that The Michaels Companies to Report Fourth Quarter and Full Year Fiscal 2019 Results on March 17, 2020
The Michaels Companies, Inc. (NASDAQ:MIK) Worth an Investment?
The Michaels Companies, Inc. (NASDAQ: MIK) scored price to earnings ratio above its average ratio, recording 3.00 times of increase in earnings at the present.
MIK Market Performance
MIK stocks went up by 4.42% for the week, with the monthly drop of -17.07% and a quarterly performance of -38.32%, while its annual performance rate touched -62.02%. The simple moving average for the period of the last 20 days is -1.42% for MIK stocks with the simple moving average of -34.68% for the last 200 days.
Analysts' Opinion on The Michaels Companies, Inc. (NASDAQ:MIK)
Many brokerage firms have already submitted their reports for MIK stocks, with Goldman repeating the rating for MIK shares by setting it to "Sell". The predicted price for MIK socks in the upcoming period according to Goldman is $6.50 based on the research report published on January 16, 2020.
Morgan Stanley, on the other hand, stated in their research note that they expect to see MIK stock at the price of $5, previously predicting the value of $7. The rating they have provided for MIK stocks is "Underweight" according to the report published on December 20, 2019.
Telsey Advisory Group gave "Market Perform" rating to MIK stocks, setting the target price at $7 in the report published on December 6, 2019.
MIK Stocks -18.21% Far from 50 Day Moving Average
After a stumble in the market that brought MIK to its low price for the period of the last 52 weeks, The Michaels Companies, Inc. was unable to take a rebound, for now settling with -64.06% of loss for the given period.
The stock volatility was left at 6.77%, however, within the period of a single month, the volatility rate increased by 8.30%, while the shares sank at the distance of -16.87% for the moving average in the last 20 days. In oppose to the moving average for the last 50 days, trading by -22.27% lower at the present time.
In the course of the last 5 trading sessions, MIK went up by +4.42%, which changed the moving average for the period of 200 days to the total of -53.78% of losses for the stock in comparison to the 20-day moving average settled at $5.22. In addition, The Michaels Companies, Inc. saw -35.72% in overturn over the period of a single year with a tendency to cut further losses.
MIK Stock Insider Trading
Reports are indicating that there were more than several insider trading activities at The Michaels Companies, Inc. (MIK), starting from PAPPAS PHILO, who sold 1,242 shares at the price of $6.65 back on Dec 09. After this action, Rushing now owns 64,910 shares of The Michaels Companies, Inc., valued at $8,259 with the latest closing price.
RAFF BERYL, the Director of The Michaels Companies, Inc., bought 6,700 shares at the value of $7.47 during a trade that took place back on Sep 06, which means that RAFF BERYL is holding 30,993 shares at the value of $50,049 based on the most recent closing price.
MIK Stock Fundamentals
The current profitability levels are settled at +12.75 for the present operating margin and +38.39 for gross margin. The net margin for The Michaels Companies, Inc. stands at +6.05. Total capital return value is set at 58.54, while invested capital returns managed to touch 28.39. Equity return holds the value -16.90%, with 8.10% for asset returns.
The value for Enterprise to Sales is 0.62 with debt to enterprise value settled at 0.56. The receivables turnover for The Michaels Companies, Inc. is 114.32 with the total asset turnover at the value of 2.38. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.63.
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