LightInTheBox Holding Co., Ltd. (NYSE:LITB) Forecast: Expect A 22.45% Jump In Near Future

LightInTheBox Holding Co., Ltd. (NYSE:LITB) price on Thursday, Dec 24, rose 2.94% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $2.45.

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A look at the stock’s price movement, the close during the last trading session was $2.38, moving within a range at $2.3800 and $2.4900. The beta value (5-Year monthly) is 0.72 while the PE ratio in trailing twelve months stood at 12.37. Turning to its 52-week performance, $3.89 and $0.58 were the 52-week high and 52-week low respectively. Overall, LITB moved -21.73% over the past month.

Analysts have a consensus estimate of $78.49 Million for the company’s revenue for the quarter, with a low and high estimate of $77.04 Million and $77.04 Million respectively. The average forecast suggests up to a 19.6% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue for 2020 to grow to $319.88 Million, representing a +9.4% jump on that reported in the 2019 financial year.

Turning to the stock’s technical picture we see that short term indicators suggest on average that LITB is a 50% Buy. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.

1 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, none recommend LITB as a Buy and none give it an Outperform rating. Meanwhile, none analyst(s) rate the stock as Underperform and none say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.

The technical evaluation for the stock shows the PEG ratio is 0.27, with LITB’s current price about -10.01% and -5.24% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 45.39, while 7-day volatility ratio is 5.94% and 8.35% in the 30-day chart. Further, LightInTheBox Holding Co., Ltd. (LITB) has a beta value of 0.72, and an average true range (ATR) of 0.22. Analysts have given the company’s stock an average 52-week price target of $3, forecast between a low of $3 and high of $3. Looking at the price targets, the low is 22.45% off current price level while to achieve the yearly target high price needs to move +22.45%. Nonetheless, investors will most likely welcome a +22.45% jump to $3 that is the analysts’ median price.

In the market, a comparison of LightInTheBox Holding Co., Ltd. (LITB) and its peers suggest the former has performed considerably better. Data shows LITB’s intraday price has changed +2.94% today and +163.44% over the past year. Comparatively, Vipshop Holdings Ltd (VIPS) has moved +2.25% on the day and only +80.33% in the past 12 months. Looking at another peer, we see that Godaddy Inc (GDDY) price has surged 0.35% on the day. However, the stock is 23.15% off its price today a year ago. Moreover, Grubhub Inc (GRUB) is also up 2.94% in today trading while keeping an uptrend of 163.44% over the past year. If we look at the PE ratio, we find that LightInTheBox Holding Co., Ltd.’s ratio stands at 12.37 compared to Vipshop Holdings Ltd’s 23.94 and Godaddy Inc’s 0. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are up 0.35% and 0.23% respectively on the day as seen in early trades.

If we refocus on LightInTheBox Holding Co., Ltd. (NYSE:LITB), historical trading data shows that trading volumes averaged 359.11 Million over the past 10 days and 525.99 Million over the past 3 months. The company’s latest data on shares outstanding shows there are 111.78 Million shares.

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As per Thomson Reuters, 8.08% of LightInTheBox Holding Co., Ltd.’s shares are in the hands of company insiders while institutional holders own 9.92% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 367.67 Million on November 29, 2020, giving us a short ratio of 0.93. The data shows that as of November 29, 2020 short interest in LightInTheBox Holding Co., Ltd. (LITB) stood at 0.33% of shares outstanding, with shares short dropping from 402.24 Million registered in October. Current price change has pushed the stock +133.33% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the LITB stock continues to rise going into the next quarter.


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