In the past week, SIX stock has gone up by 0.67%, with a monthly decline of -2.41% and a quarterly surge of 1.52%. The volatility ratio for the week is 2.56%, and the volatility levels for the last 30 days are 2.95% for Six Flags Entertainment Corp. The simple moving average for the past 20 days is -1.58% for SIX’s stock, with a 5.61% simple moving average for the past 200 days.
Is It Worth Investing in Six Flags Entertainment Corp (NYSE: SIX) Right Now?
The price-to-earnings ratio for Six Flags Entertainment Corp (NYSE: SIX) is above average at 55.47x. The 36-month beta value for SIX is also noteworthy at 2.21. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 6 rating it as “overweight,” 1 rating it as “hold,” and 1 rating it as “sell.”
The public float for SIX is 82.71M, and at present, short sellers hold a 8.54% of that float. The average trading volume of SIX on April 02, 2024 was 873.73K shares.
SIX) stock’s latest price update
Six Flags Entertainment Corp (NYSE: SIX)’s stock price has gone decline by -2.15 in comparison to its previous close of 26.02, however, the company has experienced a 0.67% increase in its stock price over the last five trading days. Zacks Investment Research reported 2024-02-29 that Although the revenue and EPS for Six Flags (SIX) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Analysts’ Opinion of SIX
Many brokerage firms have already submitted their reports for SIX stocks, with B. Riley Securities repeating the rating for SIX by listing it as a “Neutral.” The predicted price for SIX in the upcoming period, according to B. Riley Securities is $30 based on the research report published on February 05, 2024 of the current year 2024.
Morgan Stanley, on the other hand, stated in their research note that they expect to see SIX reach a price target of $32, previously predicting the price at $29. The rating they have provided for SIX stocks is “Overweight” according to the report published on December 14th, 2023.
Rosenblatt gave a rating of “Neutral” to SIX, setting the target price at $25 in the report published on November 21st of the previous year.
SIX Trading at 0.35% from the 50-Day Moving Average
After a stumble in the market that brought SIX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -12.18% of loss for the given period.
Volatility was left at 2.95%, however, over the last 30 days, the volatility rate increased by 2.56%, as shares sank -2.69% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.42% upper at present.
During the last 5 trading sessions, SIX rose by +0.32%, which changed the moving average for the period of 200-days by -9.72% in comparison to the 20-day moving average, which settled at $25.83. In addition, Six Flags Entertainment Corp saw 1.52% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SIX starting from Williams-Ramey Aimee, who sale 11,630 shares at the price of $24.45 back on Sep 08 ’23. After this action, Williams-Ramey Aimee now owns 0 shares of Six Flags Entertainment Corp, valued at $284,354 using the latest closing price.
Mick Gary, the CHIEF FINANCIAL OFFICER of Six Flags Entertainment Corp, purchase 5,812 shares at $26.98 during a trade that took place back on Jun 09 ’23, which means that Mick Gary is holding 89,737 shares at $156,808 based on the most recent closing price.
Stock Fundamentals for SIX
Current profitability levels for the company are sitting at:
- 0.32 for the present operating margin
- 0.87 for the gross margin
The net margin for Six Flags Entertainment Corp stands at -0.03. The total capital return value is set at 0.19.
Based on Six Flags Entertainment Corp (SIX), the company’s capital structure generated 1.16 points at debt to capital in total, while cash flow to debt ratio is standing at 0.04. The debt to equity ratio resting at -7.27. The interest coverage ratio of the stock is 4.97.
Currently, EBITDA for the company is 374.9 million with net debt to EBITDA at 7.41. When we switch over and look at the enterprise to sales, we see a ratio of 3.54. The receivables turnover for the company is 14.04for trailing twelve months and the total asset turnover is 0.47. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.43.
Conclusion
In summary, Six Flags Entertainment Corp (SIX) has had a better performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
