Stage Stores (SSI) Is Today's Strong On High Volume Stock
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
Trade-Ideas LLC identified
(
) as a strong on high relative volume candidate. In addition to specific proprietary factors, Trade-Ideas identified Stage Stores as such a stock due to the following factors:
- SSI has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $11.9 million
- SSI has traded 169,283 shares today
- SSI is trading at 5.52 times the normal volume for the stock at this time of day
- SSI is trading at a new high 3.03894260791440018465436878614127635955810546875 above yesterday's close
'Strong on High Relative Volume' stocks are worth watching because major volume moves tend to indicate underlying activity such as M&A events, material stock news, analyst upgrades, insider buying, buying from 'superinvestors,' or that hedge funds and momentum traders are piling into a stock ahead of a catalyst. Regardless of the impetus behind the price and volume action, when a stock moves with strength and volume it can indicate the start of a new trend on which early investors can capitalize. In the event of a well-timed trading opportunity, combining technical indicators with fundamental trends and a disciplined trading methodology should help you take the first steps towards investment success.
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More details on SSI:
Stage Stores, Inc. operates as a specialty department store retailer in the United States. The company operates its stores under the nameplates of Bealls, Goody's, Palais Royal, Peebles, and Stage. The stock currently has a dividend yield of 2.7%. SSI has a PE ratio of 17.75. Currently there are three analysts that rate Stage Stores a buy, no analysts rate it a sell, and three rate it a hold.
The average volume for Stage Stores has been 481,800 shares per day over the past 30 days. Stage Stores has a market cap of $662.3 million and is part of the services sector and retail industry. The stock has a beta of 0.71 and a short float of 6.8% with 3.4 days to cover. Shares are up 1.7% year-to-date as of the close of trading on Monday.
Analysis:
rates Stage Stores as a
. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, revenue growth, attractive valuation levels and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.
Highlights from the ratings report include:
- STAGE STORES INC has improved earnings per share by 43.1% in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past year. We feel that this trend should continue. During the past fiscal year, STAGE STORES INC increased its bottom line by earning $1.17 versus $0.79 in the prior year. This year, the market expects an improvement in earnings ($1.29 versus $1.17).
- The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Specialty Retail industry. The net income increased by 75.8% when compared to the same quarter one year prior, rising from $24.86 million to $43.72 million.
- Despite its growing revenue, the company underperformed as compared with the industry average of 14.2%. Since the same quarter one year prior, revenues slightly increased by 6.6%. Growth in the company's revenue appears to have helped boost the earnings per share.
- 35.80% is the gross profit margin for STAGE STORES INC which we consider to be strong. It has increased from the same quarter the previous year. Along with this, the net profit margin of 8.32% is above that of the industry average.
- You can view the full Stage Stores Ratings Report
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