Express shows a strong performance for several trading sessions.
From a fundamental viewpoint, the company is trading at a low level as shown by the “enterprise value/revenue” ratio at 0.75x. PER is moderate (estimated at 13.1x in 2014).
Technically, the stock is moving in an upward trend for many weeks. This movement reflects a buyer enthusiasm confirmed also by the well orientation of moving averages. The security is trading inside a bullish wedge for few months and is now close to the lower limit of the latter. We could expect a new impetus on this level to join again the upper limit near USD 22.5.
Given these elements, most active investors could take a buying position at the current price to aim USD 22.5. A stop loss is placed below USD 21, threshold that would invalidate the bullish strategy.
Express, Inc. is a multi-brand fashion retailer. The Companyâs business includes an omnichannel operating platform, physical and online stores, and a multi-brand portfolio that includes Express and Bonobos. The Company operates approximately 435 Express retail and Express Factory Outlet stores in the United States and Puerto Rico, the Express.com online store and the Express mobile app; and approximately 60 Bonobos Guideshop locations and the Bonobos.com online store. It sells its products through its online store, www.express.com, its mobile app, as well as through franchisees who operate Express locations in Latin America. It also sells gift cards in its stores, on its e-commerce Website, and through third parties. It utilizes two facilities for the distribution of its products, both of which are owned and operated by third parties. Virtually all the merchandise sold in its stores and on its Website is received and processed at a central distribution facility in Columbus, Ohio.