SharkNinja Inc. (NYSE: SN) has a price-to-earnings ratio that is above its average at 53.58x. Opinions on the stock are mixed, with 3 analysts rating it as a “buy,” 2 as “overweight,” 8 as “hold,” and 1 as “sell.”
The public float for SN is 61.37M, and at present, short sellers hold a 2.92% of that float. On April 26, 2024, the average trading volume of SN was 1.02M shares.
SN) stock’s latest price update
The stock of SharkNinja Inc. (NYSE: SN) has increased by 2.31 when compared to last closing price of 62.79. Despite this, the company has experienced a 3.85% gain 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.
SN’s Market Performance
SN’s stock has risen by 3.85% in the past week, with a monthly rise of 2.07% and a quarterly rise of 26.83%. The volatility ratio for the week is 2.00% while the volatility levels for the last 30 days are 2.76% for SharkNinja Inc. The simple moving average for the past 20 days is 2.62% for SN’s stock, with a 36.09% 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 9.27% 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 -2.10% of loss for the given period.
Volatility was left at 2.76%, however, over the last 30 days, the volatility rate increased by 2.00%, as shares surge +3.13% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +26.21% upper at present.
During the last 5 trading sessions, SN rose by +3.85%, in comparison to the 20-day moving average, which settled at $62.70. In addition, SharkNinja Inc. saw 25.54% 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 2.28. 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
To sum up, SharkNinja Inc. (SN) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as 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.
