The stock of Six Flags Entertainment Corp (SIX) has gone down by -3.33% for the week, with a -5.83% drop in the past month and a 3.79% rise in the past quarter. The volatility ratio for the week is 2.46%, and the volatility levels for the past 30 days are 2.70% for SIX. The simple moving average for the last 20 days is -4.86% for SIX stock, with a simple moving average of 1.49% for the last 200 days.
Is It Worth Investing in Six Flags Entertainment Corp (NYSE: SIX) Right Now?
Six Flags Entertainment Corp (NYSE: SIX) has a price-to-earnings ratio that is above its average at 53.14x. The stock has a 36-month beta value of 2.21. Opinions on the stock are mixed, with 4 analysts rating it as a “buy,” 6 as “overweight,” 1 as “hold,” and 1 as “sell.”
The public float for SIX is 82.71M, and at present, short sellers hold a 7.67% of that float. On April 11, 2024, the average trading volume of SIX was 839.45K shares.
SIX) stock’s latest price update
Six Flags Entertainment Corp (NYSE: SIX) has seen a decline in its stock price by -3.33 in relation to its previous close of 25.23. However, the company has experienced a -3.33% decline in its stock price over the last five trading sessions. Seeking Alpha reported 2024-04-10 that Six Flags and Cedar Fair are planning to merge, with Six Flags shareholders owning 48.8% of the new company and Cedar Fair shareholders owning 51.2%. The combined entity will have a history of constant modest growth with strong margins. The merger is expected to result in significant synergies, including $120 million in cost savings and $80 million in incremental EBITDA from an elevated offering.
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 -4.17% 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 -15.87% of loss for the given period.
Volatility was left at 2.70%, however, over the last 30 days, the volatility rate increased by 2.46%, as shares sank -5.13% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.75% lower at present.
During the last 5 trading sessions, SIX fell by -3.33%, which changed the moving average for the period of 200-days by -7.51% in comparison to the 20-day moving average, which settled at $25.57. In addition, Six Flags Entertainment Corp saw -2.75% 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 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 3.47. 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
To sum up, Six Flags Entertainment Corp (SIX) 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.
