SharkNinja Inc. (SN) Stock: Evaluating the Market Performance

The price-to-earnings ratio for SharkNinja Inc. (NYSE: SN) is 52.13x, which is above its average ratio. Analysts have varying opinions on the stock, with 3 analysts rating it as a “buy,” 2 as “overweight,” 8 as “hold,” and 1 as “sell.”

The public float for SN is 61.02M and currently, short sellers hold a 3.24% of that float. On April 04, 2024, SN’s average trading volume was 1.01M shares.

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SN) stock’s latest price update

The stock of SharkNinja Inc. (NYSE: SN) has increased by 2.09 when compared to last closing price of 61.22.Despite this, the company has seen a gain of 2.64% in its stock price over the last five trading days. Zacks Investment Research reported 2024-03-26 that SharkNinja, Inc. (SN) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company’s earnings prospects. This might drive the stock higher in the near term.

SN’s Market Performance

SharkNinja Inc. (SN) has seen a 2.64% rise in stock performance for the week, with a 10.72% gain in the past month and a 23.91% surge in the past quarter. The volatility ratio for the week is 3.02%, and the volatility levels for the past 30 days are at 2.90% for SN. The simple moving average for the past 20 days is 6.29% for SN’s stock, with a 36.92% simple moving average for the past 200 days.

Analysts’ Opinion of SN

Many brokerage firms have already submitted their reports for SN stocks, with Guggenheim repeating the rating for SN by listing it as a “Buy.” The predicted price for SN in the upcoming period, according to Guggenheim is $60 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 SN reach a price target of $54. The rating they have provided for SN stocks is “Equal-Weight” according to the report published on January 30th, 2024.

Canaccord Genuity gave a rating of “Buy” to SN, setting the target price at $61 in the report published on November 28th of the previous year.

SN Trading at 15.18% from the 50-Day Moving Average

After a stumble in the market that brought SN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -0.95% of loss for the given period.

Volatility was left at 2.90%, however, over the last 30 days, the volatility rate increased by 3.02%, as shares surge +11.11% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +26.26% upper at present.

During the last 5 trading sessions, SN rose by +2.64%, in comparison to the 20-day moving average, which settled at $59.11. In addition, SharkNinja Inc. saw 22.14% in overturn over a single year, with a tendency to cut further gains.

Stock Fundamentals for SN

Current profitability levels for the company are sitting at:

  • 0.09 for the present operating margin
  • 0.45 for the gross margin

The net margin for SharkNinja Inc. stands at 0.04. The total capital return value is set at 0.16.

Based on SharkNinja Inc. (SN), the company’s capital structure generated 0.35 points at debt to capital in total, while cash flow to debt ratio is standing at 0.35. The debt to equity ratio resting at 0.55. The interest coverage ratio of the stock is 8.32.

Currently, EBITDA for the company is 559.66 million with net debt to EBITDA at 1.64. When we switch over and look at the enterprise to sales, we see a ratio of 2.22. The receivables turnover for the company is 4.16for trailing twelve months and the total asset turnover is 1.22. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.69.

Conclusion

To wrap up, the performance of SharkNinja Inc. (SN) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

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