Last Updated: 16 Sep 2024
Executive Summary
Perfect Moment Ltd. (PMNT) is a fashion brand that offers ski, surf, and activewear collections. The company has a market capitalization of $15.71 million and trades on the NASDAQ exchange. The latest stock price is $1.00. PMNT has been facing financial challenges, with negative EBITDA and EPS. However, analysts are bullish on the company's long-term prospects, with a target price of $6.00.
Company Overview
Perfect Moment Ltd. was founded in 1984 and is headquartered in London, UK. The company designs, manufactures, and sells ski, surf, and activewear collections for men, women, and children. PMNT's products are sold in over 50 countries through a network of department stores, specialty retailers, and online retailers.
Fundamental Analysis
PMNT's financial performance has been weak in recent years. The company has reported negative EBITDA and EPS for the past several quarters. Revenue has also declined, with a -0.014% year-over-year growth rate in the most recent quarter.
Technical Analysis
PMNT's stock price has been trending down in recent months. The stock is currently trading below its 50-day and 200-day moving averages. The relative strength index (RSI) is also below 50, indicating that the stock is oversold.
Short Term Outlook
PMNT's short-term outlook is negative. The stock is trading below its moving averages and the RSI is oversold. This suggests that the stock could continue to decline in the near term.
Long Term Outlook
PMNT's long-term outlook is more positive. The company has a strong brand and a loyal customer base. Analysts believe that PMNT can turn around its financial performance and become a profitable company in the future.
Analyst Recommendations
Analysts are bullish on PMNT's long-term prospects. The average analyst target price is $6.00, which represents a significant upside from the current price. One analyst has a buy rating on the stock, while the other has a hold rating.
