G-III Apparel Group's share price was heavily penalized and is now in an oversold situation near to a solid support area.
From a fundamental viewpoint, G-III Apparel Group seems undervalued in terms of enterprise value. Based on the current price, its market capitalization, plus its net debt, represents 0.92 times its revenues.
The security follows a downward trend in the short term, under the USD 47.97 resistance area.
The trend is bearish also in the mid-term, under USD 48. However, the selling pressure could soon run out of steam. Indeed, whereas the stock shows an oversold condition, the USD 44.25 support area currently tested might stop the bearish trend in the short term.
So as to make the most of a potential technical rebound of G-III Apparel Group, it seems opportune to open a long trade at the current price. A confirmation of this pattern would enable the security to reach the USD 48 resistance, with a potential gain of around 10%. Investors should not insist under USD 44 and are better of placing a stop loss order under this threshold.
G-III Apparel Group, Ltd. designs, sources and markets a range of apparel, including outerwear, dresses, sportswear, swimwear, womenâs suits and womenâs performance wear, as well as womenâs handbags, footwear, small leather goods, cold weather accessories and luggage. Its segments include wholesale operations and retail operations. The wholesale operations segment includes sales of products to retailers under owned, licensed and private label brands, as well as sales related to the Vilebrequin and Karl Lagerfeld businesses, other than sales of products under the Karl Lagerfeld Paris brand from its retail stores and digital outlets. The retail operations segment consists primarily of direct sales to consumers through its Company-operated stores and through digital channels. Its Company-operated retail channels consist primarily of DKNY and Karl Lagerfeld Paris stores, as well as the digital channels for DKNY, Donna Karan, Karl Lagerfeld Paris, G.H. Bass, Andrew Marc and Wilsons Leather.
G-III APPAREL GROUP, LTD. 
