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GOOS
Stock ticker:
NYSE
AS OF
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Capitalization
1.7B

GOOS Price Prediction, Canada Goose Holdings AI Recommendations

Stock market charts, price targets, analyst ratings and a financial calendar

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Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for GOOS with price predictions
08:00 PM EDT Jun 08, 2023

GOOS in downward trend: 10-day moving average broke below 50-day moving average on May 24, 2023

The 10-day moving average for GOOS crossed bearishly below the 50-day moving average on May 24, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 19 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 62 cases where GOOS's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

GOOS moved below its 50-day moving average on May 18, 2023 date and that indicates a change from an upward trend to a downward trend.

The 50-day moving average for GOOS moved below the 200-day moving average on June 01, 2023. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where GOOS declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Bullish Trend Analysis

The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where GOOS's RSI Oscillator exited the oversold zone, of 29 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Momentum Indicator moved above the 0 level on June 07, 2023. You may want to consider a long position or call options on GOOS as a result. In of 83 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for GOOS just turned positive on June 08, 2023. Looking at past instances where GOOS's MACD turned positive, the stock continued to rise in of 49 cases over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where GOOS advanced for three days, in of 317 cases, the price rose further within the following month. The odds of a continued upward trend are .

GOOS may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

The Aroon Indicator entered an Uptrend today. In of 180 cases where GOOS Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. GOOS’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (4.861) is normal, around the industry mean (3.015). P/E Ratio (31.847) is within average values for comparable stocks, (25.341). GOOS's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (1.713). GOOS has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.042). P/S Ratio (1.906) is also within normal values, averaging (1.700).

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. GOOS’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 83, placing this stock worse than average.

A.I. Advisor
published Earnings

GOOS is expected to report earnings to fall 461.00% to -50 cents per share on August 10

Canada Goose Holdings GOOS Stock Earnings Reports
Q2'23
Est.
$-0.51
Q1'23
Beat
by $0.09
Q4'22
Beat
by $0.08
Q3'22
Beat
by $0.18
Q2'22
Beat
by $0.04
The last earnings report on May 18 showed earnings per share of 14 cents, beating the estimate of 5 cents. With 709.11K shares outstanding, the current market capitalization sits at 1.70B.
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Nike (NYSE:NKE), Skechers USA (NYSE:SKX), VF Corp (NYSE:VFC), Canada Goose Holdings (NYSE:GOOS), G-III Apparel Group Ltd (NASDAQ:GIII), Lakeland Industries (NASDAQ:LAKE).

Industry description

Apparel/footwear might be slightly more ‘cyclical’ in the largely non-cyclical category of non-durables. While digital giants like Amazon have been rapidly expanding their presence, traditional clothing/footwear retailers have also been bulking up their online presence in recent years, to milk the burgeoning trend of online shopping among consumers across the globe. The apparel and footwear retail market was valued at around $ 360 billion in 2018, and this figure was expected to reach about $386 billion by 2020 (according to a Statista report). NIKE, Inc, V.F. Corporation and Under Armour, Inc. are some of the companies with the largest U.S. stock market caps in this segment.

Market Cap

The average market capitalization across the Apparel/Footwear Industry is 5.37B. The market cap for tickers in the group ranges from 1.66K to 162.71B. NKE holds the highest valuation in this group at 162.71B. The lowest valued company is SQBGQ at 1.66K.

High and low price notable news

The average weekly price growth across all stocks in the Apparel/Footwear Industry was 0%. For the same Industry, the average monthly price growth was -3%, and the average quarterly price growth was 4%. DBI experienced the highest price growth at 26%, while IBGR experienced the biggest fall at -33%.

Volume

The average weekly volume growth across all stocks in the Apparel/Footwear Industry was -32%. For the same stocks of the Industry, the average monthly volume growth was -27% and the average quarterly volume growth was 11%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 45
P/E Growth Rating: 62
Price Growth Rating: 53
SMR Rating: 62
Profit Risk Rating: 82
Seasonality Score: -3 (-100 ... +100)
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published price charts
A.I. Advisor
published General Information

General Information

a manufacturer of outerwear for men, women and children

Industry ApparelFootwear

Profile
Fundamentals
Details
Industry
Apparel Or Footwear
Address
250 Bowie Avenue
Phone
+1 416 780-9850
Employees
4760
Web
https://www.canadagoose.com
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GOOS and

Correlation & Price change

A.I.dvisor indicates that over the last year, GOOS has been closely correlated with HBI. These tickers have moved in lockstep 73% of the time. This A.I.-generated data suggests there is a high statistical probability that if GOOS jumps, then HBI could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To GOOS
1D Price
Change %
GOOS100%
-0.79%
HBI - GOOS
73%
Closely correlated
-0.22%
GIL - GOOS
60%
Loosely correlated
-0.37%
COLM - GOOS
60%
Loosely correlated
-0.71%
UA - GOOS
59%
Loosely correlated
-0.87%
RL - GOOS
58%
Loosely correlated
-0.34%
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