The stock of Sequential Brands Group Inc (NASDAQ:SQBG) hit a new 52-week low and has $4.25 target or 12.00% below today’s $4.83 share price. The 7 months bearish chart indicates high risk for the $432.42 million company. The 1-year low was reported on Nov, 3 by Barchart.com. If the $4.25 price target is reached, the company will be worth $51.89 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 2.19 million shares traded hands or 1772.42% up from the average. Sequential Brands Group Inc (NASDAQ:SQBG) has risen 8.72% since April 1, 2016 and is uptrending. It has outperformed by 7.51% the S&P500.
Sequential Brands Group Inc (NASDAQ:SQBG) Ratings Coverage
Out of 5 analysts covering Sequential Brands Group (NASDAQ:SQBG), 5 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Sequential Brands Group has been the topic of 7 analyst reports since August 12, 2015 according to StockzIntelligence Inc. The stock of Sequential Brands Group Inc (NASDAQ:SQBG) earned “Buy” rating by Brean Capital on Tuesday, June 21. The stock of Sequential Brands Group Inc (NASDAQ:SQBG) has “Buy” rating given on Monday, November 23 by TH Capital. Piper Jaffray maintained the shares of SQBG in a report on Wednesday, December 23 with “Overweight” rating. On Wednesday, August 12 the stock rating was maintained by Canaccord Genuity with “Buy”. The company was maintained on Monday, November 23 by Roth Capital. The firm has “Buy” rating by TH Capital given on Thursday, December 17.
According to Zacks Investment Research, “Sequential Brands Group Inc. is a licensing and brand management company focused on promoting, marketing and licensing a portfolio of consumer brands. The Company’s brands include William Rast(R) and People’s Liberation(R). It licenses its brands with respect to a broad range of products, including apparel, eyewear, footwear and fashion accessories, including handbags, watches and luggage. Sequential Brands Group Inc., formerly known as People’s Liberation, Inc., is headquartered in Pacific Palisades, California.”
More recent Sequential Brands Group Inc (NASDAQ:SQBG) news were published by: Globenewswire.com which released: “Sequential Brands Group Expands Martha Stewart Brand to Korea” on September 27, 2016. Also Globenewswire.com published the news titled: “Sequential Brands Group to Present at Canaccord Genuity Growth Conference” on August 03, 2016. Nasdaq.com‘s news article titled: “Sequential Brands Group Appoints Andrew Cooper as President” with publication date: August 22, 2016 was also an interesting one.
SQBG Company Profile
Sequential Brands Group, Inc., incorporated on June 5, 2015, owns a portfolio of consumer brands in the fashion, home, athletic and lifestyle categories. The Company’s portfolio of consumer brands includes Martha Stewart, Jessica Simpson, AND1, Avia and Ellen Tracy. The Company’s brands are licensed for a range of product categories, including apparel, footwear, eyewear, fashion accessories and home goods. The Firm licenses brands to both wholesale and direct-to-retail licensees.
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