THG ( (GB:THG) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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THG shares climbed after the company reported a strong second half, with record revenue and faster growth in the fourth quarter, driven mainly by its Lookfantastic beauty platform and Myprotein nutrition brand. Management highlighted growing market share, expansion into new product categories, better pricing, and an increasing presence in offline retail stores, all while keeping profit guidance unchanged and holding more than £330m in cash. However, investors remain cautious because of planned disposals, the complex Ingenuity demerger, high debt levels and ongoing losses, which together keep financial risk elevated and explain the more mixed overall market response.
More about THG
YTD Price Performance: 4.77%
Average Trading Volume: 3,721,092
Technical Sentiment Signal: Buy
Current Market Cap: £828.8M
For further insights into THG stock on TipRanks’ Stock Analysis page.
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