The stock of Noodles & Company (NDLS) has seen a 4.00% increase in the past week, with a -29.73% drop in the past month, and a -50.38% decrease in the past quarter. The volatility ratio for the week is 11.52%, and the volatility levels for the past 30 days are at 7.91% for NDLS. The simple moving average for the past 20 days is -16.17% for NDLS’s stock, with a -50.32% simple moving average for the past 200 days.
Is It Worth Investing in Noodles & Company (NASDAQ: NDLS) Right Now?
Company’s 36-month beta value is 1.70.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 1 as “overweight,” 6 as “hold,” and 2 as “sell.”
The public float for NDLS is 30.15M, and currently, short sellers hold a 6.90% ratio of that floaft. The average trading volume of NDLS on April 25, 2024 was 284.64K shares.
NDLS) stock’s latest price update
The stock price of Noodles & Company (NASDAQ: NDLS) has plunged by -7.14 when compared to previous closing price of 1.40, but the company has seen a 4.00% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-18 that Noodles & Company (NDLS) enters into a franchise agreement with DND Group to facilitate its strategic growth aim in the Pacific Northwest market, specially Oregon.
Analysts’ Opinion of NDLS
Many brokerage firms have already submitted their reports for NDLS stocks, with The Benchmark Company repeating the rating for NDLS by listing it as a “Buy.” The predicted price for NDLS in the upcoming period, according to The Benchmark Company is $4 based on the research report published on March 12, 2024 of the current year 2024.
The Benchmark Company, on the other hand, stated in their research note that they expect to see NDLS reach a price target of $5, previously predicting the price at $6. The rating they have provided for NDLS stocks is “Buy” according to the report published on August 11th, 2023.
The Benchmark Company gave a rating of “Buy” to NDLS, setting the target price at $6 in the report published on July 05th of the previous year.
NDLS Trading at -34.52% from the 50-Day Moving Average
After a stumble in the market that brought NDLS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -74.01% of loss for the given period.
Volatility was left at 7.91%, however, over the last 30 days, the volatility rate increased by 11.52%, as shares sank -27.78% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -50.76% lower at present.
During the last 5 trading sessions, NDLS rose by +4.00%, which changed the moving average for the period of 200-days by -58.73% in comparison to the 20-day moving average, which settled at $1.5257. In addition, Noodles & Company saw -58.73% 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 NDLS starting from Kline Corey, who purchase 2,900 shares at the price of $3.41 back on Jun 02 ’23. After this action, Kline Corey now owns 52,141 shares of Noodles & Company, valued at $9,889 using the latest closing price.
WEST THOMAS B, the Chief Operating Officer of Noodles & Company, purchase 2,000 shares at $3.89 during a trade that took place back on May 15 ’23, which means that WEST THOMAS B is holding 155,323 shares at $7,780 based on the most recent closing price.
Stock Fundamentals for NDLS
Current profitability levels for the company are sitting at:
- 0.0 for the present operating margin
- 0.15 for the gross margin
The net margin for Noodles & Company stands at -0.02. The total capital return value is set at 0.0. Equity return is now at value -30.08, with -2.77 for asset returns.
Based on Noodles & Company (NDLS), the company’s capital structure generated 0.81 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 4.15. The interest coverage ratio of the stock is 0.04.
Currently, EBITDA for the company is 32.38 million with net debt to EBITDA at 9.51. When we switch over and look at the enterprise to sales, we see a ratio of 0.71. The receivables turnover for the company is 91.85for trailing twelve months and the total asset turnover is 1.37. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.34.
Conclusion
In a nutshell, Noodles & Company (NDLS) 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.
