The stock of Polaris Inc (NYSE: PII) has decreased by -1.93 when compared to last closing price of 88.20.Despite this, the company has seen a loss of -1.86% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-23 that While the top- and bottom-line numbers for Polaris Inc (PII) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Is It Worth Investing in Polaris Inc (NYSE: PII) Right Now?
The price-to-earnings ratio for Polaris Inc (NYSE: PII) is above average at 9.93x, Company’s 36-month beta value is 1.60.Analysts have differing opinions on the stock, with 2 analysts rating it as a “buy,” 1 as “overweight,” 15 as “hold,” and 2 as “sell.”
The public float for PII is 52.99M, and currently, short sellers hold a 7.15% ratio of that floaft. The average trading volume of PII on April 24, 2024 was 669.50K shares.
PII’s Market Performance
The stock of Polaris Inc (PII) has seen a -1.86% decrease in the past week, with a -9.57% drop in the past month, and a -7.89% fall in the past quarter. The volatility ratio for the week is 3.53%, and the volatility levels for the past 30 days are at 2.72% for PII. The simple moving average for the last 20 days is -7.67% for PII’s stock, with a simple moving average of -13.40% for the last 200 days.
Analysts’ Opinion of PII
Many brokerage firms have already submitted their reports for PII stocks, with Longbow repeating the rating for PII by listing it as a “Buy.” The predicted price for PII in the upcoming period, according to Longbow is $120 based on the research report published on April 08, 2024 of the current year 2024.
BofA Securities, on the other hand, stated in their research note that they expect to see PII reach a price target of $110. The rating they have provided for PII stocks is “Neutral” according to the report published on April 03rd, 2024.
Morgan Stanley gave a rating of “Overweight” to PII, setting the target price at $113 in the report published on January 17th of the current year.
PII Trading at -6.78% from the 50-Day Moving Average
After a stumble in the market that brought PII to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -37.54% of loss for the given period.
Volatility was left at 2.72%, however, over the last 30 days, the volatility rate increased by 3.53%, as shares sank -8.59% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.01% lower at present.
During the last 5 trading sessions, PII fell by -1.86%, which changed the moving average for the period of 200-days by -29.08% in comparison to the 20-day moving average, which settled at $93.28. In addition, Polaris Inc saw -8.73% 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 PII starting from Mack Robert Paul, who sale 8,312 shares at the price of $130.00 back on Aug 07 ’23. After this action, Mack Robert Paul now owns 28,356 shares of Polaris Inc, valued at $1,080,560 using the latest closing price.
FARR KEVIN M, the Director of Polaris Inc, sale 3,225 shares at $133.28 during a trade that took place back on Aug 03 ’23, which means that FARR KEVIN M is holding 14,645 shares at $429,828 based on the most recent closing price.
Stock Fundamentals for PII
Current profitability levels for the company are sitting at:
- 0.06 for the present operating margin
- 0.18 for the gross margin
The net margin for Polaris Inc stands at 0.04. The total capital return value is set at 0.15. Equity return is now at value 39.95, with 9.37 for asset returns.
Based on Polaris Inc (PII), the company’s capital structure generated 0.59 points at debt to capital in total, while cash flow to debt ratio is standing at 0.36. The debt to equity ratio resting at 1.46. The interest coverage ratio of the stock is 4.33.
Currently, EBITDA for the company is 888.1 million with net debt to EBITDA at 2.17. When we switch over and look at the enterprise to sales, we see a ratio of 0.66. The receivables turnover for the company is 38.95for trailing twelve months and the total asset turnover is 1.78. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.39.
Conclusion
In a nutshell, Polaris Inc (PII) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
