(Nasdaq:SQBG) Sequential Brands Group Inc Lowers The 52 Week Low

SQBG
SQBG

Sequential Brands Group Inc (Nasdaq:SQBG)

June 13th, 2019

With markets going up Sequential Brands Group Inc fell ($0.08) Thursday, a 12.30% decline, closing at $0.56. As well as the drop in value, Sequential Brands Group Inc hit a new 52 week low of $0.54, breaking the previous low of $0.62 from earlier this month. Sequential Brands Group Inc swung 20.37% between low and high. Be aware that the Altman Z-Score1 (An indicator of the probability for a 2-year bankruptcy) is below the recommended threshold of 1.8%, and calculated to be -0.02.

SQBG was outperformed by the rest of the Consumer Discretionary sector which went up 0.90%.

Analysis results from 1 analyst indicates that Sequential Brands Group Inc could grow significantly (49.85%), while Finbox has calculated (with very high uncertainty) a fair value price of $0.52.

Market Sectors

The market sectors were mixed Thursday with a majority of the sectors trending up. Energy saw the biggest increase of the day (1.25%), while the Healthcare sector saw the biggest drop (-0.11%). Information Technology has seen the biggest year-to-date gain of 23.06%.

Utilities saw the biggest turn-around compared to its 5-day performance (-0.31%), as it went up by 0.15%. Healthcare saw a turn-around from its 5-day performance of 2.18% trading down -0.11%.

Sector Breakdown

  • Energy, up 1.25%.
  • Communication Services, up 1.14%.
  • Consumer Discretionary, up 0.90%.
  • Materials, up 0.58%.
  • Industrials, up 0.54%.
  • Financials, up 0.23%.
  • Information Technology, up 0.22%.
  • Utilities, up 0.15%.
  • Consumer Staples, up 0.11%.
  • Real Estate, up 0.09%.
  • Healthcare, down -0.11%.

Sequential Brands Group Inc Info

Sequential Brands Group, Inc. owns a portfolio of consumer brands in the home, active, and fashion categories in the United States and internationally. It offers products in the apparel, footwear, eyewear, fashion accessories, home goods, food, wine, and media related assets, such as magazines, books, and other print and digital content. The company operates under the Martha Stewart, Jessica Simpson, AND1, Avia, GAIAM, Joe’s, Ellen Tracy, Emeril Lagasse, William Rast, Heelys, Caribbean Joe, DVS, The Franklin Mint, Linens N Things, SPRI, and Nevados brands. The company licenses its brands through various distribution channels to retailers, wholesalers, and distributors. Sequential Brands Group, Inc. was incorporated in 1982 and is headquartered in New York, New York.

All amounts in USD unless otherwise indicated

(1) The Altman Z-Score calculation was first published in 1968 by Edward I. Altman, and is used for predicting the probability that a firm will go into bankruptcy within two years. An Altman Z-Score below 1.8 (Remember that Sequential Brands Group Inc’s score is -0.02) is the trigger to be alert for this situation. Some analysts believe this score is less relevant for some companies, in particular companies operating to accumulate users that may run at huge losses to scale up.

SQBG daily update
SQBG daily update

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