Deckers Outdoor Corporation is a global leader in designing, marketing, and distributing innovative footwear, apparel, and accessories. With popular brands such as UGG, Teva, Sanuk, and HOKA ONE ONE under its banner, the corporation has positioned itself prominently within the retail and consumer goods sector. Notably, the company's commitment to innovation, quality, and sustainability has been instrumental in attracting a loyal customer base and in expanding its global retail footprint.
As of the 15th May 2023, from a financial perspective DECK's recent performance has been promising. The stock has made significant gains over the past year, with its price appreciating by 107.66%. This trend of robust growth has continued across the last six months (49.07%), three months (16.81%), and one month (5.24%). However, the stock has slipped slightly over the past five days, decreasing by -1.08%, which might be a momentary correction in an otherwise upward trend.
An examination of DECK's moving averages, which smooth out price fluctuations and provide a clearer trend picture, indicates positive momentum. The 50-day Exponential Moving Average (EMA) is at $462.47, and the 200-day EMA stands at $389.52. Both are significantly lower than the current closing price of $491.52, suggesting a bullish trend.
The volume of shares traded, another important indicator of momentum, stands at 368,527, slightly above the 14-day average volume of 312,794.79. This increased trading activity could indicate heightened investor interest in the stock.
The Relative Strength Index (RSI), a momentum oscillator that measures the speed and change of price movements, stands at 63.34. This figure suggests the stock is nearing overbought territory (an RSI above 70 indicates overbought conditions), but it's not there yet, leaving some room for further price appreciation.
In terms of valuation, DECK's Price-to-Earnings (PE) ratio is 26.64, and its forward PE, which is based on predicted earnings, is 16.56. These figures suggest that the stock is currently fairly valued or slightly overvalued, depending on the market comparison.
Moreover, DECK has a solid market capitalization of $13.09 billion and a decent EBITDA of $678 million, contributing to its strong financial standing. It's also worth noting that the company has a healthy profit margin of 13.83% and a return on equity of 29.63%, indicating efficient management and profitable operations.
The analysts' average target price for DECK is $506.5, which indicates a potential upside of about 3% from the current closing price. The majority of analysts rate the stock as a "Strong Buy" or "Buy," with only a few recommending a "Hold" and none advising "Sell" or "Strong Sell." This suggests a generally positive outlook from the analyst community.
However, it's essential to note that despite DECK's strong performance and positive indicators, the stock does not offer a dividend, which may deter income-focused investors. Plus, as with any investment, DECK's performance should be viewed in light of the investor's individual financial goals, risk tolerance, and investment horizon. It's always advisable to diversify investments and not rely too heavily on one stock or sector.
Risk Management - A Trailing Stop Loss of 15% would have kept you in most of this trade. If it broke below that it could have been a good sign to exit and look for a new entry when the trend resumed.
Might be one to watch.
As of the 15th May 2023, from a financial perspective DECK's recent performance has been promising. The stock has made significant gains over the past year, with its price appreciating by 107.66%. This trend of robust growth has continued across the last six months (49.07%), three months (16.81%), and one month (5.24%). However, the stock has slipped slightly over the past five days, decreasing by -1.08%, which might be a momentary correction in an otherwise upward trend.
An examination of DECK's moving averages, which smooth out price fluctuations and provide a clearer trend picture, indicates positive momentum. The 50-day Exponential Moving Average (EMA) is at $462.47, and the 200-day EMA stands at $389.52. Both are significantly lower than the current closing price of $491.52, suggesting a bullish trend.
The volume of shares traded, another important indicator of momentum, stands at 368,527, slightly above the 14-day average volume of 312,794.79. This increased trading activity could indicate heightened investor interest in the stock.
The Relative Strength Index (RSI), a momentum oscillator that measures the speed and change of price movements, stands at 63.34. This figure suggests the stock is nearing overbought territory (an RSI above 70 indicates overbought conditions), but it's not there yet, leaving some room for further price appreciation.
In terms of valuation, DECK's Price-to-Earnings (PE) ratio is 26.64, and its forward PE, which is based on predicted earnings, is 16.56. These figures suggest that the stock is currently fairly valued or slightly overvalued, depending on the market comparison.
Moreover, DECK has a solid market capitalization of $13.09 billion and a decent EBITDA of $678 million, contributing to its strong financial standing. It's also worth noting that the company has a healthy profit margin of 13.83% and a return on equity of 29.63%, indicating efficient management and profitable operations.
The analysts' average target price for DECK is $506.5, which indicates a potential upside of about 3% from the current closing price. The majority of analysts rate the stock as a "Strong Buy" or "Buy," with only a few recommending a "Hold" and none advising "Sell" or "Strong Sell." This suggests a generally positive outlook from the analyst community.
However, it's essential to note that despite DECK's strong performance and positive indicators, the stock does not offer a dividend, which may deter income-focused investors. Plus, as with any investment, DECK's performance should be viewed in light of the investor's individual financial goals, risk tolerance, and investment horizon. It's always advisable to diversify investments and not rely too heavily on one stock or sector.
Risk Management - A Trailing Stop Loss of 15% would have kept you in most of this trade. If it broke below that it could have been a good sign to exit and look for a new entry when the trend resumed.
Might be one to watch.
Comment:
We got that strong pull back into earnings and into a better value area followed by the resumption of its run.
Comment:
Managed to touch its previous high before the pullback. Strong rebound.
Comment:
Continuing to move up off that bottom.
Comment:
Still heading up.
Comment:
Just continuing its upwards climb.
Comment:
Strong run off the earnings in May last year.
NOT TRADING ADVICE. ALWAYS DO YOUR OWN RESEARCH.
FIND TRAILING STOPS: SuperTrail.io
FIND COINS BREAKING OUT: CoinRaces.cc
MY YOUTUBE TRADINGVIEW TIPS AND TRICKS: bit.ly/3kRW08o
MEXC FOR CRYPTO: bit.ly/47QCeNR
FIND TRAILING STOPS: SuperTrail.io
FIND COINS BREAKING OUT: CoinRaces.cc
MY YOUTUBE TRADINGVIEW TIPS AND TRICKS: bit.ly/3kRW08o
MEXC FOR CRYPTO: bit.ly/47QCeNR