Express rose more than 18% in morning trading

Tiger Newspress2021-06-25

(June 25) Express rose more than 18% in morning trading.

Penny Stocks: Express, Inc. (EXPR)

As Americans start going out more and many start returning to offices, they will spend more money on clothes. Additionally, those who enjoy shopping in stores will resume that hobby. As a result, Express, which sells on-trend apparel for men and women, should benefit from people updating their wardrobes.

In conjunction with its Q1 results, Express CEO Tim Baxter saidthe company’s sales volumesexceeded 2019 levels in March and April. Additionally, the company’s e-commerce transactions soared 40% year-over-year (YOY) and net sales climbed 64% YOY.

Impressively, Express hopes to raise its annual e-commerce revenue to $1 billion by 2024. This could be easier than it seems, as the company cut back on its promotional discounts in Q1 and plans to continue that tactic going forward.

Expresshas made some appearancesonReddit’sr/WallStreetBetsforum and could get a boost from retail investors who focus on social media.

The shares have a tiny price-sales ratio of 0.22.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

jiahaoooooo
2021-06-27
jiahaoooooo
??
honkfish
2021-06-27
honkfish
O is the first place in case
ASMH
2021-06-27
ASMH
Like
Gaga71
2021-06-27
Gaga71
Sound good!
Bull1973
2021-06-27
Bull1973
Like and comment pls
- Bull1973:
  Great evening
- Bull1973:
  Great day
- Vincewjs:
  done, please reply
Freed22
2021-06-27
Freed22
Good

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