An In-Depth Look at Simply Good Foods Co’s (SMPL) Stock Performance

The stock of Simply Good Foods Co (SMPL) has gone up by 0.03% for the week, with a -5.52% drop in the past month and a -16.14% drop in the past quarter. The volatility ratio for the week is 1.98%, and the volatility levels for the past 30 days are 2.62% for SMPL. The simple moving average for the last 20 days is -1.75% for SMPL stock, with a simple moving average of -9.42% for the last 200 days.

Is It Worth Investing in Simply Good Foods Co (NASDAQ: SMPL) Right Now?

Simply Good Foods Co (NASDAQ: SMPL) has a price-to-earnings ratio of 25.16x that is above its average ratio. Additionally, the 36-month beta value for SMPL is 0.68. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”

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The public float for SMPL is 90.47M and currently, short sellers hold a 4.86% ratio of that float. The average trading volume of SMPL on April 03, 2024 was 849.22K shares.

SMPL) stock’s latest price update

The stock of Simply Good Foods Co (NASDAQ: SMPL) has decreased by -2.75 when compared to last closing price of 34.15. Despite this, the company has experienced a 0.03% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-03-28 that Simply Good Foods (SMPL) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts’ Opinion of SMPL

Many brokerage firms have already submitted their reports for SMPL stocks, with Deutsche Bank repeating the rating for SMPL by listing it as a “Hold.” The predicted price for SMPL in the upcoming period, according to Deutsche Bank is $42 based on the research report published on January 02, 2024 of the current year 2024.

DA Davidson, on the other hand, stated in their research note that they expect to see SMPL reach a price target of $42. The rating they have provided for SMPL stocks is “Neutral” according to the report published on December 08th, 2023.

Morgan Stanley gave a rating of “Overweight” to SMPL, setting the target price at $40 in the report published on September 18th of the previous year.

SMPL Trading at -7.06% from the 50-Day Moving Average

After a stumble in the market that brought SMPL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -22.77% of loss for the given period.

Volatility was left at 2.62%, however, over the last 30 days, the volatility rate increased by 1.98%, as shares sank -3.77% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -19.74% lower at present.

During the last 5 trading sessions, SMPL rose by +0.03%, which changed the moving average for the period of 200-days by -6.21% in comparison to the 20-day moving average, which settled at $33.74. In addition, Simply Good Foods Co saw -16.14% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at SMPL starting from Montgomery Robert G., who sale 2,500 shares at the price of $39.36 back on Jan 25 ’24. After this action, Montgomery Robert G. now owns 52,738 shares of Simply Good Foods Co, valued at $98,400 using the latest closing price.

Hunsberger Susan, the SVP and Chief HR Officer of Simply Good Foods Co, sale 35,010 shares at $40.63 during a trade that took place back on Jan 11 ’24, which means that Hunsberger Susan is holding 30,768 shares at $1,422,369 based on the most recent closing price.

Stock Fundamentals for SMPL

Current profitability levels for the company are sitting at:

  • 0.16 for the present operating margin
  • 0.37 for the gross margin

The net margin for Simply Good Foods Co stands at 0.11. The total capital return value is set at 0.1. Equity return is now at value 8.68, with 6.33 for asset returns.

Based on Simply Good Foods Co (SMPL), the company’s capital structure generated 0.14 points at debt to capital in total, while cash flow to debt ratio is standing at 0.77. The debt to equity ratio resting at 0.17. The interest coverage ratio of the stock is 7.03.

Currently, EBITDA for the company is 233.09 million with net debt to EBITDA at 0.64. When we switch over and look at the enterprise to sales, we see a ratio of 2.77. The receivables turnover for the company is 9.22for trailing twelve months and the total asset turnover is 0.59. The liquidity ratio also appears to be rather interesting for investors as it stands at 5.02.

Conclusion

In conclusion, Simply Good Foods Co (SMPL) has seen bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it 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.

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