Stein Mart Inc (NASDAQ:SMRT) shares traded -33.53% down during most recent session to reach at the closing price of $1.13. The stock exchanged hands 6.87 Million shares versus average trading capacity of 640.79 Million shares, yielding a market cap of $53.27 Million. Wall Street analysts covering the stock are projecting that the stock will reach $2 within the next 52-weeks. The mean target projections are based on 1 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have Stein Mart Inc (NASDAQ:SMRT) high price target of $2 and with a conservative view have low price target of $2.
Johnson Rice “Downgrades” Stein Mart Inc (NASDAQ:SMRT) in a research note issued to investors on 9/30/16 to Hold.
Additionally on 9/29/16 Sidoti & Co. “Downgrades” Stein Mart Inc (NASDAQ:SMRT) to Neutral setting price target at $ and on 5/09/16 Northland Securities “Downgrades” the stock to Neutral. Furthermore on 2/13/14 Canaccord Genuity “Initiates Coverage on” the stock to Buy at $18.
On the other hand the company has Relative Strength Index (RSI 14) of 15.47 along with Average True Range (ATR 14) of 0.19, Consequently Stein Mart Inc (NASDAQ:SMRT)’s weekly and monthly volatility is 17.46%, 8.02% respectively. The company’s beta value is at 0.92.
In terms of Buy, Sell or Hold recommendations, Stein Mart Inc (NASDAQ:SMRT) has analysts’ mean recommendation of 3. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
According to analysts Stein Mart Inc (NASDAQ:SMRT)’s minimum EPS for the current quarter is at $-0.01. The consensus mean EPS for the current quarter is at $-0.01 derived from a total of 2 estimates from the analysts who have weighed in on projected earnings. However the company reported $0.06 earnings per share for the same quarter during last year.
Previously Stein Mart Inc (NASDAQ:SMRT) reported $0.1 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by $-0.05. The company posted an earnings surprise of -33.3%.
While considering growth estimates of the company, it has next quarter growth estimates of 37.5% whereas during current quarter it has -116.7% estimations over growth, comparing to the estimations of 800% during current year and 100% for next year. Past 5 years growth of Stein Mart Inc (NASDAQ:SMRT) observed at -6.75%, looking forward for the next 5 years it has a strong prediction of 17% over growth.
Stein Mart Inc (NASDAQ:SMRT)’s revenue estimates for the current quarter are $322.93 Million according to 2 number of analysts, for the current quarter the company has high revenue estimates of $323.46 Million in contradiction of low revenue estimates of $322.4 Million. For the current year the company’s revenue estimates are $1.39 Billion compared to low analyst estimates of $1.38 Billion and high estimates of $1.39 Billion according to 2 number of analysts.
Currently Stein Mart Inc (NASDAQ:SMRT)’s shares owned by insiders are 4.5%, whereas shares owned by institutional owners are 48.7%. However the six-month change in the insider ownership was recorded 1.58%, as well as three-month change in the institutional ownership was recorded 0%.
Stein Mart Inc (NASDAQ:SMRT) 52-week high price stands at $8.78 and low price stands at $1.69, its price distance from 52-week high is -87.13% while its distance from 52-week low price is -33.14%. The stock hit its 52-week high on 08/15/16, and 52-week low on 05/18/17.
Stein Mart Inc (NASDAQ:SMRT)’s trailing twelve month revenues are $1.36 Billion, whereas its price to sales ratio for the same period is 0.05. Its book value per share for the most recent quarter is $1.53 while its price to book ratio for the same period is 0.74, as for as the company’s cash per share for the most recent quarter is $0.19, however its price to cash per share ratio for the same period is 5.85. The stock has 5 year expected PEG ratio of 11.08 whereas its trailing twelve month P/E ratio is 188.33.