Shoe Carnival Stock Story


USD 26.06  0.46  1.73%   

The predictive indicators we use to evaluate Shoe Carnival help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Shoe Carnival. We apply different methods to arrive at the intrinsic value of Shoe Carnival based on widely used predictive technical indicators. Let's try to summarize what's happening with Shoe Carnival amid unprecedented political, and economic uncertainty.
Published over three months ago
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Is Shoe Carnival (NASDAQ:SCVL) losing trust from stakeholders?

Our trade recommendation module complements current analysts and expert consensus on Shoe Carnival. It analyzes the company potential to grow using all fundamental, technical, and market related data available at the time.
The company has Profit Margin (PM) of 11.15 %, which can signify that it executes well on its competitive strategies and has good control over its expenditures. This is very large. Similarly, it shows Operating Margin (OM) of 16.7 %, which suggests for every 100 dollars of sales, it generated a net operating income of 0.17.
The successful prediction of Shoe Carnival stock price could yield a significant profit to investors. But is it possible? The efficient-market hypothesis suggests that all published stock prices of traded companies, such as Shoe Carnival, already reflect all publicly available information. This academic statement is a fundamental principle of many financial and investing theories used today. However, the typical investor usually disagrees with a 'textbook' version of this hypothesis and continually tries to find mispriced stocks to increase returns. We use internally-developed statistical techniques to arrive at the intrinsic value of Shoe Carnival based on Shoe Carnival hews, social hype, general headline patterns, and widely used predictive technical indicators.
We also calculate exposure to Shoe Carnival's market risk, different technical and fundamental indicators, relevant financial multiples and ratios, and then comparing them to Shoe Carnival's related companies.

Use Technical Analysis to project Shoe Carnival expected Price

Shoe Carnival technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Shoe Carnival technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Shoe Carnival trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

How does Shoe Carnival utilize its cash?

To perform a cash flow analysis of Shoe Carnival, investors first need to understand how to read the cash flow statement. A cash flow statement shows the amount of cash Shoe Carnival is receiving and how much cash it distributes out in a given period. The Shoe Carnival cash flow statement breaks down these inflows and outflows into different buckets, including operating activities, investing activities, and financing activities.
Shoe Carnival Net Cash Flow from Operations is relatively stable at the moment as compared to the past year. The company's current value of Net Cash Flow from Operations is estimated at 108.18 Million

Another angle On Shoe Carnival

Shoe Carnival price pull down over the last few months created some momentum for stakeholders as it was traded today as low as 26.71 and as high as 30.03 per share. The company directors and management were not very successful in positioning the company resources to exploit market volatility in April. However, diversifying your holdings with Shoe Carnival or similar stocks can still protect your portfolio during high-volatility market scenarios. The stock standard deviation of daily returns for 90 days investing horizon is currently 3.79. The above-average risk is mostly attributed to market volatility and speculations regarding some of the upcoming earning calls from Shoe Carnival partners.

Will Shoe Carnival continue to go bonkers?

New Kurtosis is up to -0.09. Price may pull down again. Shoe Carnival shows above-average downside volatility for the selected time horizon. We advise investors to inspect Shoe Carnival further and ensure that all market timing and asset allocation strategies are consistent with the estimation of Shoe Carnival future alpha. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Shoe Carnival's stock risk against market volatility during both bullying and bearish trends. The higher level of volatility that comes with bear markets can directly impact Shoe Carnival's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall.

Shoe Carnival Implied Volatility

Shoe Carnival's implied volatility exposes the market's sentiment of Shoe Carnival stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Shoe Carnival's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Shoe Carnival stock will not fluctuate a lot when Shoe Carnival's options are near their expiration.

Our Final Take On Shoe Carnival

While some other entities in the apparel retail industry are either recovering or due for a correction, Shoe Carnival may not be as strong as the others in terms of longer-term growth potentials. To conclude, as of the 18th of May 2022, our primary 90 days buy-sell recommendation on the company is Cautious Hold. We believe Shoe Carnival is undervalued with low chance of distress for the next two years.

Editorial Staff

This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Vlad Skutelnik do not own shares of Shoe Carnival. Please refer to our Terms of Use for any information regarding our disclosure principles.

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