If you’re on the hunt for stocks to watch today, Destination Maternity Corporation (NASDAQ:DEST) is a stock to give close attention to. The company shares are trading 13.89% or 0.125 points down from last closing price of $0.9, reaching $0.775 at last check. The DEST share price has dropped in 2 of the last 5 days and is down -25% over the past week. It will be exciting to see whether the stock manages to continue decreasing or take a minor break for the next few days. The move came on weak volume too with far less shares changing hands than in a normal session. Trading activity as of this writing weakened by -214,411 shares, and in total 127289 shares valued at $98649 were seen changing hands compared with 341700 shares valued at $307530 recorded at the previous session. You should take into consideration that a falling volume on lower prices shows the bearish trend but this is an early indication which means that the DEST stock is near its bottom.
Destination Maternity Corporation (DEST) shares have notched a 3-month decline of about -25%, but has still tumbled -68.31% year to date. By comparison, the stock sank -78.97% over the past 12 months, while it jumped 39.53% over the 1 month. The company’s market cap is around $12.63M, with its short interest ratio standing at 4.42%.
In the current trading session for DEST, the stock witnessed two major price actions, it rose to a high of $0.9177 and was down as much as $0.75 at one point. The high recorded is very low when compared to their 52-week high which is $0.55. The 52-week high is now at -87.21 distance from current price. Their recent low of $5.94 represents a 36.98% recovery. This data is quite important for investors who look to benefit from the recent rise of the company’s stock. The price target currently for DEST is $22, this is above the recent high that the stock attained. Taking a look at the overall sentimental views of financial analysts, the trading pattern of this stock recently is very clear.
The stock of Destination Maternity Corporation earned $-1.04 per share in the trailing 12 months and has a P/E ratio of -0.75. You can compare it with that of similar companies in its industry to get a sense of whether the stock you’re looking to purchase is overvalued or undervalued. Its current price to earnings ratio is lower than the ones recorded by the industry which is 21.59 and lower compared to the sector’s average of 39.23. When the P/E ratio is low let’s say below 1.0, then the stock price is considered a good value. DEST also has P/S multiple of 0.03. This is smaller versus the 12 month P/S ratios of other companies in the same indutry. The peer average price to sales ratio is 0.29x.
The company recorded an interesting insider purchase transaction by the Major Shareholder on Aug 02, 2019. A Securities and Exchanges Commission filings show that Pierre Andre Laurent Ma Mestre bought a total of 1,000 DEST shares that day for a sum of around $900. Destination Maternity Corporation (DEST) insiders have acquired 105,700 shares in the stock within the past three months. In total, individual insiders traded 105,700 shares in the business, which makes up 52.577% of 201,039 shares that were traded over a year. In the past 12 months, insiders have purchased 197,021 shares while the seller parted with 4,018 shares.
DEST‘s last price was down -62.36% as compared to the average trading price of 50 days recorded at $2.06 while enlarging the period to 200 trading days, the average closing price was $0.88. At present, there are 14.03 million in the total number of common shares owned by the public and among those 10.93 million shares have been available to trade. The percentage of shares being held by the company management was 2.4% while institutions stake was 43.1%. The company has generated negative returns on equity over the last 12 months (-47%). It managed to keep its gross profit margin at 51.9% over the past 12 months.
When assessing the full upside of the DEST stock, there is another set of technicals that should be looked into and considered. Its 7.17% gain from moving average of $0.72 has brought about a positive sentiment when calculated over the last 20 days. The market has allocated a beta of 0.33 to the stock. With the beta been less than one, this implies that the company shares are theoretically less volatile than the market, something that the traders definitely are keeping an eye on.
In the last five years, the EPS of the company has been roughly -27.2%. Though the percentage looks disappointing, extra tailwinds are emerging as looking out over a next 5-year period, with analysts estimating that their earnings will increase annually by 15%. The revenue of the company has retreated at an average annualized rate of about -5.8 over the last five years. The company recently recorded a drop of -8.7%, but this figure is rather unattractive.
Let’s briefly check the hedge fund interest towards DEST stock. OneAscent Financial Services LLC changed position in the company and now owns 26,602 shares worth $20,617, SEC documents show. Vanguard Group Inc. shored up assets in the stock as 305103.1 shares have been purchased, increasing its stake by 20.3% to 367,039 shares which are currently valued at $284,455. In addition, Moors & Cabot Inc. recently reported that it now owns 287,580 shares making a total of $222,875 based on the recent price. This refelects a change of 100% in their ownership.