Foot Locker Inc (FL): Not A Time To Panic Nor Freeze

Foot Locker Inc (FL) concluded trading on Thursday at a closing price of $29.71, with 2.82 million shares of worth about $83.89 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 4.25% during that period and on August 08, 2024 the price saw a gain of about 7.30%. Currently the company’s common shares owned by public are about 94.22M shares, out of which, 82.15M shares are available for trading.

Stock saw a price change of 4.43% in past 5 days and over the past one month there was a price change of 26.80%. Year-to-date (YTD), FL shares are showing a performance of -4.62% which increased to 13.44% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $14.84 but also hit the highest price of $35.60 during that period. The average intraday trading volume for Foot Locker Inc shares is 2.85 million. The stock is currently trading 12.26% above its 20-day simple moving average (SMA20), while that difference is up 16.05% for SMA50 and it goes to 14.75% higher than SMA200.

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Foot Locker Inc (NYSE: FL) currently have 94.22M outstanding shares and institutions hold larger chunk of about 90.88% of that.

The stock has a current market capitalization of $2.81B and its 3Y-monthly beta is at 1.41. It has posted earnings per share of -$3.80 in the same period. It has Quick Ratio of 0.50 while making debt-to-equity ratio of 1.01. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for FL, volatility over the week remained 6.20% while standing at 4.75% over the month.

Stock’s fiscal year EPS is expected to rise by 8.78% while it is estimated to increase by 39.07% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Morgan Stanley on July 18, 2024 offering an Underweight rating for the stock and assigned a target price range of between $24 and $18 to it. Coverage by Telsey Advisory Group stated Foot Locker Inc (FL) stock as a Market perform in their note to investors on May 31, 2024, suggesting a price target of $27 for the stock. On March 25, 2024, Evercore ISI Upgrade their recommendations, while on March 22, 2024, Citigroup Upgrade their ratings for the stock with a price target of $24. Stock get a Neutral rating from UBS on March 11, 2024.

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