The stock of Fox Factory Holding Corp (FOXF) has gone down by -12.57% for the week, with a -17.01% drop in the past month and a -35.75% drop in the past quarter. The volatility ratio for the week is 4.71%, and the volatility levels for the past 30 days are 4.08% for FOXF. The simple moving average for the past 20 days is -11.88% for FOXF’s stock, with a -45.97% simple moving average for the past 200 days.
Is It Worth Investing in Fox Factory Holding Corp (NASDAQ: FOXF) Right Now?
Fox Factory Holding Corp (NASDAQ: FOXF) has a price-to-earnings ratio that is above its average at 15.09x. The stock has a 36-month beta value of 1.64. Opinions on the stock are mixed, with 1 analysts rating it as a “buy,” 0 as “overweight,” 7 as “hold,” and 0 as “sell.”
The public float for FOXF is 41.87M, and at present, short sellers hold a 4.99% of that float. On April 11, 2024, the average trading volume of FOXF was 632.32K shares.
FOXF) stock’s latest price update
Fox Factory Holding Corp (NASDAQ: FOXF) has experienced a decline in its stock price by -8.64 compared to its previous closing price of 46.99. However, the company has seen a fall of -12.57% in its stock price over the last five trading days. Zacks Investment Research reported 2024-02-28 that Investors looking for stocks in the Automotive – Domestic sector might want to consider either General Motors Company (GM) or Fox Factory Holding (FOXF). But which of these two stocks offers value investors a better bang for their buck right now?
Analysts’ Opinion of FOXF
Many brokerage firms have already submitted their reports for FOXF stocks, with BofA Securities repeating the rating for FOXF by listing it as a “Neutral.” The predicted price for FOXF in the upcoming period, according to BofA Securities is $55 based on the research report published on February 23, 2024 of the current year 2024.
B. Riley Securities gave a rating of “Neutral” to FOXF, setting the target price at $80 in the report published on November 03rd of the previous year.
FOXF Trading at -22.00% from the 50-Day Moving Average
After a stumble in the market that brought FOXF to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -63.52% of loss for the given period.
Volatility was left at 4.08%, however, over the last 30 days, the volatility rate increased by 4.71%, as shares sank -15.28% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -35.14% lower at present.
During the last 5 trading sessions, FOXF fell by -12.57%, which changed the moving average for the period of 200-days by -55.97% in comparison to the 20-day moving average, which settled at $48.33. In addition, Fox Factory Holding Corp saw -36.38% 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 FOXF starting from DUNCAN THOMAS E., who sale 1,427 shares at the price of $111.91 back on Sep 01 ’23. After this action, DUNCAN THOMAS E. now owns 8,559 shares of Fox Factory Holding Corp, valued at $159,696 using the latest closing price.
Stecher Paul, the (A) of Fox Factory Holding Corp, sale 2,300 shares at $107.00 during a trade that took place back on Aug 25 ’23, which means that Stecher Paul is holding 16,360 shares at $246,100 based on the most recent closing price.
Stock Fundamentals for FOXF
Current profitability levels for the company are sitting at:
- 0.11 for the present operating margin
- 0.32 for the gross margin
The net margin for Fox Factory Holding Corp stands at 0.08. The total capital return value is set at 0.08. Equity return is now at value 10.31, with 6.05 for asset returns.
Based on Fox Factory Holding Corp (FOXF), the company’s capital structure generated 0.38 points at debt to capital in total, while cash flow to debt ratio is standing at 0.24. The debt to equity ratio resting at 0.62. The interest coverage ratio of the stock is 8.29.
Currently, EBITDA for the company is 216.59 million with net debt to EBITDA at 3.35. When we switch over and look at the enterprise to sales, we see a ratio of 1.69. The receivables turnover for the company is 8.56for trailing twelve months and the total asset turnover is 0.65. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.70.
Conclusion
To sum up, Fox Factory Holding Corp (FOXF) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing 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.
