Why is The Michaels Companies, Inc. (MIK) down -70.03% from the day 1 this year?

At the end of the latest market close, The Michaels Companies, Inc. (MIK) was valued at $2.98. In that particular session, Stock kicked-off at the price of $2.98 while reaching the peak value of $3.06 and lowest value recorded on the day was $2.78. The stock current value is $2.94.

The Michaels Companies, Inc. had a pretty Dodgy run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $11.10 on 10/28/19, with the lowest value was $1.00 for the same time period, recorded on 03/18/20.

The Michaels Companies, Inc. (MIK) full year performance was -70.03%

Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, The Michaels Companies, Inc. shares are logging -73.51% during the 52-week period from high price, and 194.00% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $1.00 and $11.10.

The company’s shares, operating in the sector of consumer cyclical managed to top a trading volume set approximately around 3.4 million for the day, which was evidently lower, when compared to the average daily volumes of the shares.

When it comes to the year-to-date metrics, the The Michaels Companies, Inc. (MIK) recorded performance in the market was -63.66%, having the revenues showcasing -43.73% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 421.16M, as it employees total of 4000 workers.

Market experts do have their say about The Michaels Companies, Inc. (MIK)

During the last month, 2 analysts gave the The Michaels Companies, Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 4 analysts were recommending to HOLD this stock, 1 of them gave the stock UNDERWEIGHT rating, and 3 of the polled analysts provided SELL rating.

According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 4.03, with a change in the price was noted -5.06. In a similar fashion, The Michaels Companies, Inc. posted a movement of -63.25% for the period of last 100 days, recording 4,916,408 in trading volumes.

Technical breakdown of The Michaels Companies, Inc. (MIK)

Raw Stochastic average of The Michaels Companies, Inc. in the period of last 50 days is set at 75.49%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 52.63%. In the last 20 days, the company’s Stochastic %K was 57.53% and its Stochastic %D was recorded 61.69%.

Bearing in mind the latest performance of The Michaels Companies, Inc., several moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -63.66%. Additionally, trading for the stock in the period of the last six months notably deteriorated by -63.25%, alongside a downfall of -70.03% for the period of the last 12 months. The shares increased approximately by 30.46% in the 7-day charts and went down by 4.63% in the period of the last 30 days. Common stock shares were lifted by -43.73% during last recorded quarter.