Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Movado Group Inc before investing.

In this article, we go over a few key elements for understanding Movado Group Inc’s stock price such as:

• Movado Group Inc’s current stock price and volume
• Why Movado Group Inc’s stock price changed recently
• Upgrades and downgrades for MOV from analysts
• MOV’s stock price momentum as measured by its relative strength

About Movado Group Inc (MOV)

Before we jump into Movado Group Inc’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Movado Group, Inc. designs, sources, markets, and distributes watches globally. The Company operates through two segments: Watch and Accessory Brands and Company Stores. The Watch and Accessory Brands segment includes the designing, manufacturing, and distribution of watches and, to a lesser extent, jewelry and other accessories, of owned and licensed brands, in addition to after-sales service activities and shipping. The Company Stores segment includes the Company?s retail outlet business. Its portfolio of watch brands consists of owned brands, such as MOVADO, CONCORD, EBEL, OLIVIA BURTON and MVMT as well as licensed brands, such as COACH, TOMMY HILFIGER, HUGO BOSS, LACOSTE, and CALVIN KLEIN. The Company also designs, sources, markets, and distributes jewelry and other accessories under certain of its brands. The Company divides its business into two geographic locations, such as the United States and the International operations.

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Movado Group Inc’s Stock Price as of Market Close

As of November 08, 2023, 4:00 PM, CST, Movado Group Inc’s stock price was $28.11.

Movado Group Inc is down 4.26% from its previous closing price of $29.36.

During the last market session, Movado Group Inc’s stock traded between $28.97 and $29.38. Currently, there are 22.23 million shares of Movado Group Inc stock available for purchase.

Movado Group Inc’s price-earnings (P/E) ratio is currently at 9.6, which is low compared to the Apparel & Accessories industry median of 16.7. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Movado Group Inc Stock Price History

Movado Group Inc’s (MOV) price is currently up 0.9% so far this month.

During the month of November, Movado Group Inc’s stock price has reached a high of $29.44 and a low of $27.41.

Over the last year, Movado Group Inc has hit prices as high as $37.28 and as low as $23.94. Year to date, Movado Group Inc’s stock is down 32.8%.

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What Caused Movado Group Inc Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

One of the most common factors that can drastically impact a stock’s price is analyst upgrades and downgrades. When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. However, as of November 07, 2023,, no analysts have changed their rating of Movado Group Inc’s stock over the last month.

Additionally, you'll want to evaluate Movado Group Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Movado Group Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Movado Group Inc’s current valuation based on AAII’s Value Grade is a B, which means it is considered to be Value.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Movado Group Inc (MOV) by visiting AAII Stock Evaluator.

Relative Price Strength of Movado Group Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of November 07, 2023, Movado Group Inc has a weighted four-quarter relative price strength of -3.48%, which translates to a Momentum Score of 58 and is considered to be Average.

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Movado Group Inc Stock Price: Bottom Line

As of November 8, 2023, Movado Group Inc’s stock price is $28.11, which is down 4.26% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Movado Group Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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