Canada Goose Holdings Inc. has seen mixed performance this week as external factors weigh on its stock price.
Canada Goose Holdings Inc (GOOS.TO) closed the trading session at C$11.27, reflecting a slight increase of 0.09% for the day. However, the stock has experienced a decline of 0.18% over the past week and a significant drop of 10.14% over the last month. Year-to-date, the stock is down 39.36%, raising concerns among retail investors.
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Canada Goose Holdings Inc
GOOS.TO
GOOS.TO
Canada Goose Holdings Inc
WealthAwesomeMarket cap
$1.11B
P/E
19.3x
52W high
$21.28
52W low
$11.15
1W change
-0.18%
Beta
1.77
Analyst Price Targets
Based on analyst covering GOOS
Wall Street analysts forecast GOOS stock price to rise 24.6% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$14.03
+24.6% Upside
Current Price
C$11.26
Last close
Analyst ratings and price targets are updated periodically. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on GOOS's historical volatility
30-Day Vol
32.8%
Annualized
90-Day Vol
37.5%
Annualized
Trend (90d)
-50.0%
Annualized drift
90d Mean
C$9.42
Expected price
| Horizon | Expected | 68% Range (1ฯ) |
|---|---|---|
| 30 trading days | C$10.61 | C$9.47 โ C$11.88 |
| 60 trading days | C$10.00 | C$8.52 โ C$11.73 |
| 90 trading days | C$9.42 | C$7.74 โ C$11.46 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ยฑ1ฯ, 95% band = ยฑ2ฯ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
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Investor takeaway: Investors should closely monitor external factors affecting Canada Goose, such as the ongoing trade tensions and their implications on consumer demand and production costs. The company's performance metrics indicate challenges ahead, but analyst outlook remains cautiously optimistic.
Stock Performance and Technicals
Canada Goose Holdings Inc has a 52-week trading range of C$11.15 to C$21.28, indicating high volatility in its stock price. The current price is near the lower end of this range, suggesting potential for recovery if market conditions improve.
Bull case
Analysts are optimistic about Canada Goose, with an average target price of C$14.03, suggesting a potential upside of 24.5%. The company has solid fundamentals, including a P/E ratio of 19.25 and a profit margin of 3.7%, which could support a recovery.
Bear case
Despite the positive outlook from analysts, the stock has faced pressure due to broader market concerns, including the US-Canada trade war and its effects on consumer spending. The significant drop in stock price this year raises questions about the company's growth trajectory.
Price Action Overview
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This week, Canada Goose Holdings Inc (GOOS.TO) has shown mixed performance. The stock closed at C$11.27, reflecting a slight gain of 0.09% for the day. However, over the past week, the stock has declined by 0.18% and is down 10.14% over the last month. The year-to-date performance is particularly concerning, with a drop of 39.36%, indicating ongoing challenges for the company.
Recent Company News
Recent headlines have highlighted external factors impacting Canada Goose. Notably, the ongoing trade tensions between the US and Canada have raised concerns about potential disruptions in supply chains and consumer demand. These factors are critical for a company like Canada Goose, which operates in the consumer discretionary sector and is sensitive to changes in consumer spending habits.
Technical Picture
From a technical standpoint, Canada Goose is trading below both its 50-day moving average of C$12.72 and its 200-day moving average of C$15.34, reflecting a bearish trend. The stock's current price is approximately 11.4% lower than its 50-day MA and 26.5% below its 200-day MA. The stock's 52-week range of C$11.15 to C$21.28 indicates that it is currently trading near the lower end of this range, which could suggest a potential for recovery if market conditions improve. The stock has a beta of 1.77, indicating higher volatility compared to the broader market.
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