Investor Update: Focusing in on Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Ulta Beauty, Inc. (NASDAQ:ULTA) shares have been recently spotted trading near the 52-week low. Investors will be checking to see if the stock rebounds or continues to move lower. The stock was recently seen at the 228.15 level, which is currently 1.66% away from the 52-week low price. We have noted that the stock’s current beta is 1.14. A positive beta would indicate that the stock follows the market. A negative beta would suggest that the stock inversely follows the market. A beta of 0 would show that the price is not correlated with the market.

Traders may be looking to capitalize on market trends as we move into the second part of the calendar year. Closely following the technicals might help make sense of current market conditions. Investors may choose to follow many different technical signals, or they may have picked a few popular ones to dedicate themselves to. Whatever the strategy, staying in tune with fundamentals and meaningful economic data may also prove to be highly beneficial. Coming at the equity market from multiple angles may help supply the investor with alternate perspectives that could play a vital role in the next couple of quarters.    

At current stock price levels, Ulta Beauty, Inc. (NASDAQ:ULTA) shares are trading -28.10% away from the 200-day moving average. Focusing on some other popular MA time-frames, we can see that the stock is trading -30.29% away from the 50-day MA and -22.55% away from the 20-day MA.

Over the last quarter, shares have performed -33.45%. For the last month, shares have performed -32.20%. Zooming in to the last week, company shares are -0.27%. Over the past full-year, Ulta Beauty, Inc. (NASDAQ:ULTA)’s stock has been -20.22%. Since the beginning of the calendar year, company shares have performed -6.82%. Investors will be waiting to see if shares see a turnaround in the next few weeks. As the stock nears 52-week lows, investors may be rapidly trying to figure out the next move.

Focusing on Street analyst opinions, we can see that the current consensus target price on company shares is $293.38. Moving over to the consensus broker rating, we see the number is 2.20. This rating uses a scale where a 1 or a 2 would indicate a consensus Buy recommendation. A rating of 4 or 5 would indicate a consensus Sell recommendation. A rating of 3 would represent a Hold recommendation.

Checking in on the RSI or relative strength index for Ulta Beauty, Inc. (NASDAQ:ULTA), we have noted that the current 14-day level is 25.55. The RSI is a popular oscillating indicator among traders and investors. The RSI operates in a range-bound area with values between 0 and 100. When the RSI line moves up, the stock may be experiencing strength. The opposite is the case when the RSI line is heading lower. RSI may be used to identify overbought or oversold conditions. An RSI reading above 70 would be considered overbought, and a value under 30 would indicate oversold conditions. A level of 50 would indicate neutral market momentum.

As investors survey the stock market, they will often look to make the smartest possible decisions when purchasing company shares. Individual investors may have to do a lot more work if they choose to manage their own stock portfolios. Serious investors often review every bit of information that they can get their hands on in order to develop even the slightest edge. Markets have the ability to move substantially in either direction with little or no notice. Investors who prepare themselves to battle the unknown may be able to better ride out stormy stock market conditions when they arise. 

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