SharkNinja Inc. (SN) Shares Plummet Below 1-Year High

SNOW Stock

The stock of SharkNinja Inc. (NYSE: SN) has decreased by -1.76 when compared to last closing price of 63.19. Despite this, the company has experienced a -0.69% fall in its stock price over the last five trading sessions. InvestorPlace reported 2024-04-16 that Are you ready for your tax refund? Tax season closed yesterday (unless you filed an extension), and millions of Americans stand ready to get a chunk of change back from overpayments throughout the 2023 tax year.

Is It Worth Investing in SharkNinja Inc. (NYSE: SN) Right Now?

SharkNinja Inc. (NYSE: SN) has a higher price-to-earnings ratio of 51.78x compared to its average ratio, Analysts have varying views on the stock, with 3 analysts rating it as a “buy,” 2 rating it as “overweight,” 8 as “hold,” and 1 as “sell.”

The public float for SN is 61.37M, and currently, shorts hold a 2.56% of that float. The average trading volume for SN on April 19, 2024 was 1.03M shares.

SN’s Market Performance

The stock of SharkNinja Inc. (SN) has seen a -0.69% decrease in the past week, with a 4.95% rise in the past month, and a 29.44% gain in the past quarter. The volatility ratio for the week is 2.74%, and the volatility levels for the past 30 days are at 2.86% for SN. The simple moving average for the past 20 days is -0.01% for SN’s stock, with a 32.93% simple moving average for the past 200 days.

Analysts’ Opinion of SN

Many brokerage firms have already submitted their reports for SN stocks, with UBS repeating the rating for SN by listing it as a “Buy.” The predicted price for SN in the upcoming period, according to UBS is $76 based on the research report published on April 15, 2024 of the current year 2024.

JP Morgan, on the other hand, stated in their research note that they expect to see SN reach a price target of $70. The rating they have provided for SN stocks is “Overweight” according to the report published on April 04th, 2024.

Guggenheim gave a rating of “Buy” to SN, setting the target price at $60 in the report published on February 05th of the current year.

SN Trading at 8.32% 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 -5.39% of loss for the given period.

Volatility was left at 2.86%, however, over the last 30 days, the volatility rate increased by 2.74%, as shares surge +4.18% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +29.39% upper at present.

During the last 5 trading sessions, SN fell by -0.69%, in comparison to the 20-day moving average, which settled at $62.21. In addition, SharkNinja Inc. saw 21.32% 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 2.21. 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

In conclusion, SharkNinja Inc. (SN) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. 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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