In the past week, FRPT stock has gone down by -3.21%, with a monthly decline of -5.43% and a quarterly surge of 21.03%. The volatility ratio for the week is 2.72%, and the volatility levels for the last 30 days are 2.64% for Freshpet Inc The simple moving average for the past 20 days is -6.38% for FRPT’s stock, with a 29.60% simple moving average for the past 200 days.
Is It Worth Investing in Freshpet Inc (NASDAQ: FRPT) Right Now?
The stock has a 36-month beta value of 1.24. Opinions on the stock are mixed, with 2 analysts rating it as a “buy,” 3 as “overweight,” 5 as “hold,” and 0 as “sell.”
The public float for FRPT is 46.88M, and at present, short sellers hold a 11.47% of that float. On April 19, 2024, the average trading volume of FRPT was 600.24K shares.
FRPT) stock’s latest price update
The stock price of Freshpet Inc (NASDAQ: FRPT) has jumped by 1.21 compared to previous close of 103.84. Despite this, the company has seen a fall of -3.21% in its stock price over the last five trading days. InvestorPlace reported 2024-04-18 that Two-thirds of American households own at least one pet, and large majorities of these pet owners view their companions as part of their families. Therefore, it’s unsurprising that many households spend large amounts of money on their pets.
Analysts’ Opinion of FRPT
Many brokerage firms have already submitted their reports for FRPT stocks, with Truist repeating the rating for FRPT by listing it as a “Buy.” The predicted price for FRPT in the upcoming period, according to Truist is $135 based on the research report published on March 11, 2024 of the current year 2024.
Citigroup, on the other hand, stated in their research note that they expect to see FRPT reach a price target of $94. The rating they have provided for FRPT stocks is “Neutral” according to the report published on February 01st, 2024.
Jefferies gave a rating of “Hold” to FRPT, setting the target price at $80 in the report published on December 19th of the previous year.
FRPT Trading at -0.72% from the 50-Day Moving Average
After a stumble in the market that brought FRPT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -10.75% of loss for the given period.
Volatility was left at 2.64%, however, over the last 30 days, the volatility rate increased by 2.72%, as shares sank -8.86% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +17.89% upper at present.
During the last 5 trading sessions, FRPT fell by -4.05%, which changed the moving average for the period of 200-days by +57.67% in comparison to the 20-day moving average, which settled at $111.76. In addition, Freshpet Inc saw 21.14% 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 FRPT starting from Morris Scott James, who sale 3,632 shares at the price of $109.86 back on Mar 15 ’24. After this action, Morris Scott James now owns 122,380 shares of Freshpet Inc, valued at $399,030 using the latest closing price.
Morris Scott James, the President and COO of Freshpet Inc, sale 2,500 shares at $112.02 during a trade that took place back on Mar 04 ’24, which means that Morris Scott James is holding 122,380 shares at $280,048 based on the most recent closing price.
Stock Fundamentals for FRPT
Current profitability levels for the company are sitting at:
- -0.04 for the present operating margin
- 0.32 for the gross margin
The net margin for Freshpet Inc stands at -0.04. The total capital return value is set at -0.02. Equity return is now at value -3.39, with -2.60 for asset returns.
Based on Freshpet Inc (FRPT), the company’s capital structure generated 0.29 points at debt to capital in total, while cash flow to debt ratio is standing at 0.19. The debt to equity ratio resting at 0.42. The interest coverage ratio of the stock is -2.15.
Currently, EBITDA for the company is 28.78 million with net debt to EBITDA at 3.41. When we switch over and look at the enterprise to sales, we see a ratio of 6.79. The receivables turnover for the company is 13.51for trailing twelve months and the total asset turnover is 0.52. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.79.
Conclusion
To sum up, Freshpet Inc (FRPT) has seen a mixed 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.
