In this article we will be analyzing Abercrombie & Fitch Co.. We will be looking over the current market data to assess wether or not it is a good investment. To get started, the stock opened this morning at $40.75 and has moved $-0.630000000000003 from yesterday’s closing price of $40.68. The high for today is $41.38 and the low is $39.66. A great indicator of where a stock is trending is by looking at it’s 52-week high/low. This is a technical indicator used by some traders and investors who view these figures as an important factor in the analysis of a stock’s current value and as a predictor of its future price movement. The 52-week high for Abercrombie & Fitch Co. is $47.29 and the low is $9.3. The volume (the number of shares traded in a stock or contracts traded in futures or options.) is 1548116. Now that we know where Abercrombie & Fitch Co. stands in price and volume, let’s learn more about the future of the company.
Forecast & Beta
As an investor, you can get an idea of where the stock is trending by the forecast and beta. Beta is calculated using regression analysis. A beta of 1 indicates that the security’s price tends to move with the market. A beta greater than 1 indicates that the security’s price tends to be more volatile than the market. A beta of less than 1 means it tends to be less volatile than the market. Abercrombie & Fitch Co. has a beta of 1.90183. Knowing all of this, we project that Abercrombie & Fitch Co. will have a price of $56.1 in 12-months compared to it’s current price of $40.05 ($-10.53 difference). We can also take a look at the comapany’s marketcap. Marketcap is important because it allows investors to understand the relative size of one company versus another. Market cap measures what a company is worth on the open market, as well as the market’s perception of its prospects, because it reflects what investors are willing to pay for its stock. Abercrombie & Fitch Co. has a marketcap of $2599344000.