Tuesday Morning Corporation (NASDAQ: TUEM) stock jumped 20.91% on Friday to $0.24 against a previous-day closing price of $0.20. With 2.83 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.09 million shares. During the session, the Discount Stores company that operates in wider Consumer Defensive sector, reached to the highest price of $0.2700 whereas the lowest price it dropped to was $0.1975. The 52-week range on TUEM shows that it touched its highest point at $4.68 and its lowest point at $0.18 during that stretch. It currently has a 1-year price target of $0.50.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of TUEM was down-trending over the past week, with a drop of -4.72%, but this was down by -31.04% over a month. Three-month performance dropped to -71.97% while six-month performance fell -86.91%. The stock lost -93.65% in the past year, while it has lost -89.55% so far this year. A look at the trailing 12-month EPS for TUEM yields -0.59 with Next year EPS estimates of -0.24. For the next quarter, that number is -0.32. This implies an EPS growth rate of 101.30% for this year and 106.50% for next year.
Float and Shares Shorts:
At present, 85.10 million TUEM shares are outstanding with a float of 79.13 million shares on hand for trading. On Jul 14, 2022, short shares totaled 3.92 million, which was 4.57% higher than short shares on Jun 14, 2022. In addition to Mr. Fred Hand as the firm’s CEO & Director, Mr. Marc D. Katz serves as its Principal & COO.
Through their ownership of 86.82% of TUEM’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 81.19% of TUEM, in contrast to 5.72% held by mutual funds. Shares owned by individuals account for 19.81%. As the largest shareholder in TUEM with 25.93% of the stake, Osmium Partners LLC holds 22,237,433 shares worth 22,237,433. A second-largest stockholder of TUEM, Tensile Capital Management LLC, holds 20,158,593 shares, controlling over 23.50% of the firm’s shares. Greenhouse Funds LLLP is the third largest shareholder in TUEM, holding 6,231,077 shares or 7.27% stake. With a 2.04% stake in TUEM, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 1,753,307 shares are owned by the mutual fund manager. The PRIMECAP Odyssey Aggressive Growt, which owns about 1.25% of TUEM stock, is the second-largest Mutual Fund holder. It holds 1,070,300 shares valued at 0.39 million. Vanguard Extended Market Index Fu holds 0.68% of the stake in TUEM, owning 585,590 shares worth 0.21 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Apr 01, 2022, TUEM reported revenue of $159.62M and operating income of -$16.65M. Over the past year, revenue came in at $765.15M while operating income stood at -$40.77M. It generated -$18.15M net income for the quarter, which came to -$49.72M over the last twelve months. The EBITDA in the recently reported quarter was -$13.20M and diluted EPS was -$0.21. EBITDA for the full year was -$20.52M.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for TUEM since 1 analysts follow the stock currently. There are 0 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 1 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With TUEM analysts setting a high price target of $0.50 and a low target of $0.50, the average target price over the next 12 months is $0.50. Based on these targets, TUEM could surge 108.33% to reach the target high and rise by 108.33% to reach the target low. Reaching the average price target will result in a growth of 108.33% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. TUEM will report FY 2022 earnings on 08/24/2023. Analysts have provided yearly estimates in a range of -$0.68 being high and -$0.68 being low. For TUEM, this leads to a yearly average estimate of -$0.68. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Tuesday Morning Corporation surprised analysts by -$0.04 when it reported -$0.21 EPS against a consensus estimate of -$0.17. The surprise factor in the prior quarter was $0.10. Based on analyst estimates, the high estimate for the next quarter is -$0.32 and the low estimate is -$0.32. The average estimate for the next quarter is thus -$0.32.
Summary of Insider Activity:
Insiders traded TUEM stock several times over the past three months with 0 Buys and 1 Sells. In these transactions, 0 shares were bought while 148,205 shares were sold. The number of buy transactions has increased to 32 while that of sell transactions has risen to 3 over the past year. The total number of shares bought during that period was 6,015,232 while 177,114 shares were sold.