Renaissance Technologies LLC recently announced the acquisition of new stake in Apex Global Brands Inc. (NASDAQ:APEX). The institutional investor has increased its shareholding in the Consumer Cyclical company by 27.43% to 0.17 million shares with purchase of 37600.0 shares. This fresh investment now brings its stake to 3.10% valued currently at $0.12 million. In addition, Virtu Financial BD LLC raised its holdings by 42131.0 to 42131.0 shares.
With over 3.47 million Apex Global Brands Inc. (APEX) shares trading Friday and a closing price of $0.80 on the day, the dollar volume was approximately $2.77 million. The shares have shown a positive weekly performance of 9.36% and its price on 08/28/20 gained nearly 11.11%. Currently, there are 5.57M common shares owned by the public and among those 4.50M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 1 analysts who have offered their price forecasts for APEX have a consensus price objective of $5.25. The analysts have set the share’s price value over the next 12 months at a high of $5.25 and a low of $5.25 should the stock experience a downside. But an upside of 84.76% will see the stock hit the forecast high price target while mean target price for the stock is $5.25.
Insiders at the company have transacted a total of 7 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 4 of these insider trades were purchases, accounting for 58,548 shares. Insider sales of the common stock occurred on 3 occasions, with total insider shares sold totaling 293,837 shares.
The top 3 mutual fund holders in Apex Global Brands Inc. are CSC Small Cap Value Fund, Vanguard Extended Market Index Fu, and Fidelity Extended Market Index Fu. CSC Small Cap Value Fund owns 0.24 million shares of the company’s stock, all valued at over $0.16 million. The company sold 78989.0 shares recently to bring their total holdings to about 4.21% of the shares outstanding. Fidelity Extended Market Index Fu now owns shares totaling to 0.30% of the shares outstanding.
Shares of Apex Global Brands Inc. (NASDAQ: APEX) opened at $0.746, up $0.03 from a prior closing price of $0.72. However, the script later closed the day at $0.80, up 11.11%. The company’s stock has a 5-day price change of 9.36% and 55.22% over the past three months. APEX shares are trading 2.56% year to date (YTD), with the 12-month market performance down to -55.70% lower. It has a 12-month low price of $0.26 and touched a high of $2.37 over the same period. Currently, 3.47 million shares have been traded, compared to an average intraday trading volume of 1.29 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 14.23%, 16.02%, and 17.53% respectively.
Institutional ownership of Apex Global Brands Inc. (NASDAQ: APEX) shares accounts for 25.00% of the company’s 5.57M shares outstanding. Mutual fund holders own 28.74%, while other institutional holders and individual stakeholders account for 5.16% and 19.79% respectively.
It has a market capitalization of $4.10M and a beta (3y monthly) value of 1.60. The earnings-per-share (ttm) stands at -$2.01. Price movements for the stock have been influenced by the stock’s volatility, which stands at 9.51% over the week and 8.32% over the month.
Analysts forecast that Apex Global Brands Inc. (APEX) will achieve an EPS of $0 for the current quarter, $0 for the next quarter and $0 for Next Year. The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0. EPS should grow at an annualized rate of 15.00% over the next five years, compared to -21.20% over the past 5-year period.
Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 0 of the 1 advise that investors “hold,” and 0 rated it as a “Sell.”