How much is Express stock worth?
Shares of Express are up more than 615% year to date, as of Wednesday’s market close. The retailer has a market value of $349.5 million. Earlier Thursday morning, Express’ stock had jumped after the retailer reported better-than-expected fiscal first-quarter results.
Why is Express stock down 20%?
Stock of the retailer Express ended trading Thursday down nearly 20%, after the clothing retailer announced plans to sell up to 15 million shares. Express plans to sell the stock, which could represent more than 22% of its shares outstanding, via an “at-the-market” equity offering.
How big is the daily average trading volume for expr stock?
To put that in perspective, its daily average trading volume is 7.3 million shares. EXPR stock is far from the only company targeted by these investors. GameStop (NYSE: GME) has also seen a surge in its stock as the WSB subreddit boosts shares higher.
How do short sellers make money with Express stock?
Short sellers borrow the stock from an investment bank and sell it in the hopes of buying it back at a lower price and returning the shares, pocketing the difference. The latest stock offering could provide Express with additional liquidity.
Will Express stock go back up?
RSI min/max Values: [ 25 - 75 ] RSI14 is 7 and the stock is extremely oversold on RSI14, but some stocks may continue to fall despite the high chance of a correction up....Predicted Opening Price for Express Inc of Tuesday, June 21, 2022.Fair opening price June 21, 2022Current price$2.05$2.00 (Undervalued)
Is express a good stock to buy now?
Express has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.
Is EXPR a buy or sell?
The consensus among 1 Wall Street analyst covering (NYSE: EXPR) stock is to Strong Buy EXPR stock.
What is happening to express?
Clothing retailer Express said Wednesday that it plans to shutter roughly 100 of its stores by 2022, as part of its strategy to save $80 million in costs annually over the next three years. Express shares were last up more than 18% on the news.
Is Amex a buy or sell?
Conversely, if the yield on stocks is higher than the 10 Yr., then stocks would be considered undervalued....Momentum Scorecard. More Info.Zacks RankDefinitionAnnualized Return1Strong Buy25.08%2Buy18.56%3Hold10.15%4Sell5.79%2 more rows
Is American Express doing well?
The credit card company has seen an uptick in one segment of its market and that bodes well for its growth. American Express (AXP 4.86%) has outperformed its peers so far this year, as the stock price is up about 12% year to date and 27% over the past 12 months as of April 25.
What kind of stock is EXPR?
New York Stock Exchange Express Inc. is a specialty apparel and accessories retailer of women's and men's merchandise targeting the 20 to 30 year old customer. Express merchandise is sold through the Company's retail stores and website.
When did express go public?
On May 14, 2010, the shares opened at $17 to $16.50 before recovering slightly to close down 1.5% at $16.75 on the New York Stock Exchange. Since the IPO, Golden Gate and Limited Brands gradually reduced their ownership interest in the Company.
What is the stock symbol for Panda Express?
(600599. SS) Stock Price, News, Quote & History - Yahoo Finance....Performance Outlook.Previous Close10.1052 Week Range5.78 - 11.90Volume439,357Avg. Volume1,200,8694 more rows
Is Express Inc going out of business?
The company said Wednesday that it will close 31 stores by the end of January, another 35 by the end of January 2021 and the rest by 2022. The company also recently closed nine stores for a total of 100 overall.
Is Express heavily shorted?
Shares of retailer Express (EXPR) - Get Express, Inc. Report rocketed into outer space in trading Monday, continuing the parade of heavily-shorted stocks that have blasted off in line with GameStop's surge Friday.
Is Express a good company?
Is Express a good company to work for? Express has an overall rating of 3.5 out of 5, based on over 3,544 reviews left anonymously by employees. 54% of employees would recommend working at Express to a friend and 45% have a positive outlook for the business. This rating has been stable over the past 12 months.
Should I buy or sell Express stock right now?
1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Express in the last twelve months. There are currently 1 buy rati...
How has Express' stock price performed in 2022?
Express' stock was trading at $3.08 at the beginning of 2022. Since then, EXPR shares have decreased by 20.8% and is now trading at $2.44. View th...
When is Express' next earnings date?
Express is scheduled to release its next quarterly earnings announcement on Wednesday, August 24th 2022. View our earnings forecast for Express .
How were Express' earnings last quarter?
Express, Inc. (NYSE:EXPR) announced its earnings results on Wednesday, May, 25th. The company reported ($0.10) earnings per share for the quarter,...
What guidance has Express issued on next quarter's earnings?
Express issued an update on its FY 2022 earnings guidance on Wednesday, June, 8th. The company provided earnings per share guidance of $0.14-$0.20...
Who are Express' key executives?
Express' management team includes the following people: Mr. Timothy G. Baxter , CEO & Director (Age 53, Pay $1M) Mr. Matthew C. Moellering , Pr...
What is David G. Kornberg's approval rating as Express' CEO?
479 employees have rated Express CEO David G. Kornberg on Glassdoor.com . David G. Kornberg has an approval rating of 57% among Express' employees...
Who are some of Express' key competitors?
Some companies that are related to Express include TJX Companies (TJX) , Ross Stores (ROST) , Gap (GPS) , Foot Locker (FL) , Urban Outfitters...
What other stocks do shareholders of Express own?
Based on aggregate information from My MarketBeat watchlists, some companies that other Express investors own include CA (CA) , Endologix (ELGX)...
What happened
Shares of clothing retailer Express ( NYSE:EXPR) were trading up 24.3% as of 9:55 a.m. ET on Thursday after the company reported better-than-expected earnings results for the third quarter.
So what
Express continued to show progress in lessening its dependence on shopping malls, instead serving customers across e-commerce and retail stores. Net sales grew 47% year over year to $472 million, boosted by e-commerce comp sales growth of 52%.
Now what
Profits should improve again in the fourth quarter, which is encouraging when you consider the supply chain obstacles affecting many retailers right now. Express saw its gross margin improve to 33% in the last quarter, up from 4.3% in the year-ago quarter. Guidance calls for another 100-basis-point improvement in the fourth quarter.
What happened
Shares of Express ( EXPR -0.92% ) soared Monday along with other WallStreetBets stocks such as GameStop and Koss, as day traders appeared to pile into the same names that have been popular in the Reddit group since the beginning of the year.
So what
So far, 2021 been a roller-coaster year for Express as the mall-based apparel chain found itself the object of a Reddit-fueled short-squeeze in late January. As you can see from the chart below, the stock gave back nearly all of its gains from that rally.
Now what
Express shares could continue to run higher in the short term, but as with the surge in January, there is little fundamental support for a higher valuation. Therefore, whatever gains the stock makes are likely to largely disappear when more savvy traders sell to take profits.
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How much of Express stock is short?
About 7.7% of Express’ outstanding shares are sold short, according to FactSet data. Short sellers borrow the stock from an investment bank and sell it in the hopes of buying it back at a lower price and returning the shares, pocketing the difference.
What is the advantage of Express?
Its advantage is that it gives Express control over when it will offer the stock and how much it will offer. In a press release, Express said it plans to use any proceeds for general corporate purposes, which could include repaying debts or investing in e-commerce.
How many stores does Express have?
Express operates more than 500 retail and factory outlet stores in the United States and Puerto Rico. Last year, in the thick of the Covid pandemic, Express was on many analysts’ watch lists as a retailer that could be heading for bankruptcy.
Express Daily Chart Analysis
Shares are trading in what technical traders call an ascending triangle where higher lows build up to a flat resistance level.
Key Express Levels To Watch
The stock held support along the trendline connecting the higher lows, and now has broken above resistance.
Referenced Symbols
Shares of Express Inc. EXPR, +6.35% took a dive in premarket trading, to tumble 18.7% after being up as much as 22.0% earlier, after the apparel retailer announced plans to sell up to 15 million shares.
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About the Author
Tomi Kilgore is MarketWatch's deputy investing and corporate news editor and is based in New York. You can follow him on Twitter @TomiKilgore.
