The Magnificence Well being Firm (NASDAQ:SKIN – Get Score) was the recipient of a big progress briefly curiosity in November. As of November fifteenth, there was brief curiosity totalling 32,770,000 shares, a progress of 26.4% from the October thirty first whole of 25,920,000 shares. Roughly 34.0% of the shares of the inventory are offered brief. Based mostly on a median each day buying and selling quantity, of 1,860,000 shares, the days-to-cover ratio is presently 17.6 days.
Magnificence Well being Buying and selling Up 5.5 %
SKIN inventory traded up $0.56 throughout mid-day buying and selling on Wednesday, reaching $10.75. The corporate had a buying and selling quantity of three,181,900 shares, in comparison with its common quantity of 1,981,811. The corporate has a debt-to-equity ratio of two.84, a present ratio of 11.68 and a fast ratio of 10.34. The agency has a 50 day shifting common of $11.25 and a 200 day shifting common of $12.25. Magnificence Well being has a 12 month low of $8.27 and a 12 month excessive of $28.32.
Analysts Set New Worth Targets
A number of analysts have not too long ago issued stories on SKIN shares. JPMorgan Chase & Co. reduce shares of Magnificence Well being from an “chubby” score to a “impartial” score and decreased their goal worth for the corporate from $22.00 to $11.00 in a analysis report on Wednesday, November ninth. The Goldman Sachs Group decreased their goal worth on shares of Magnificence Well being from $22.00 to $19.00 and set a “purchase” score on the inventory in a analysis report on Wednesday, November twenty third. Piper Sandler upped their worth goal on shares of Magnificence Well being from $20.00 to $23.00 and gave the corporate an “chubby” score in a report on Friday, September sixteenth. Lastly, DA Davidson upped their worth goal on shares of Magnificence Well being to $32.00 in a report on Tuesday, November fifteenth. Two funding analysts have rated the inventory with a maintain score and 6 have assigned a purchase score to the inventory. In accordance with MarketBeat.com, the corporate presently has a consensus score of “Average Purchase” and a median worth goal of $21.14.
Hedge Funds Weigh In On Magnificence Well being
Hedge funds have not too long ago added to or diminished their stakes within the inventory. Vanguard Group Inc. boosted its stake in shares of Magnificence Well being by 8.6% in the course of the third quarter. Vanguard Group Inc. now owns 10,514,288 shares of the corporate’s inventory valued at $123,964,000 after buying a further 830,141 shares within the final quarter. BlackRock Inc. boosted its stake in shares of Magnificence Well being by 5.8% in the course of the first quarter. BlackRock Inc. now owns 7,778,389 shares of the corporate’s inventory valued at $131,300,000 after buying a further 423,084 shares within the final quarter. Invesco Ltd. boosted its stake in shares of Magnificence Well being by 8.8% in the course of the first quarter. Invesco Ltd. now owns 5,020,317 shares of the corporate’s inventory valued at $84,742,000 after buying a further 407,849 shares within the final quarter. Luxor Capital Group LP boosted its stake in shares of Magnificence Well being by 9.9% in the course of the third quarter. Luxor Capital Group LP now owns 4,071,271 shares of the corporate’s inventory valued at $48,000,000 after buying a further 365,790 shares within the final quarter. Lastly, Senvest Administration LLC boosted its stake in shares of Magnificence Well being by 24.3% in the course of the third quarter. Senvest Administration LLC now owns 3,368,895 shares of the corporate’s inventory valued at $39,719,000 after buying a further 659,548 shares within the final quarter. 78.59% of the inventory is at the moment owned by institutional buyers.
Magnificence Well being Firm Profile
The Magnificence Well being Firm designs, develops, manufactures, markets, and sells aesthetic applied sciences and merchandise worldwide. The corporate’s flagship product consists of HydraFacial that improve the pores and skin to cleanse, peel, exfoliate, extract, infuse, and hydrate the pores and skin with proprietary options and serums.
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