The stock of Shake Shack Inc (SHAK) has seen a 5.32% increase in the past week, with a 4.27% gain in the past month, and a 35.58% flourish in the past quarter. The volatility ratio for the week is 3.51%, and the volatility levels for the past 30 days are at 3.18% for SHAK. The simple moving average for the last 20 days is 7.19% for SHAK stock, with a simple moving average of 40.42% for the last 200 days.
Is It Worth Investing in Shake Shack Inc (NYSE: SHAK) Right Now?
The price-to-earnings ratio for Shake Shack Inc (NYSE: SHAK) is above average at 232.97x, Company’s 36-month beta value is 1.84.Analysts have differing opinions on the stock, with 3 analysts rating it as a “buy,” 1 as “overweight,” 5 as “hold,” and 2 as “sell.”
The public float for SHAK is 37.62M, and currently, short sellers hold a 9.67% ratio of that floaft. The average trading volume of SHAK on May 02, 2024 was 951.36K shares.
SHAK) stock’s latest price update
The stock of Shake Shack Inc (NYSE: SHAK) has increased by 3.33 when compared to last closing price of 103.33. Despite this, the company has experienced a 5.32% gain in its stock price over the last five trading sessions. Market Watch reported 2024-05-02 that Shares of Shake Shack Inc. SHAK, -2.38% climbed 1.6% in premarket trading Thursday, after the burger chain beat first-quarter profit expectations and nudged up its full-year outlook, even as revenue came up a bit short. The company swung to net income of $2.04 million, or 5 cents a share, from a loss of $1.53 million, or 4 cents a share, in the year-ago period.
Analysts’ Opinion of SHAK
Many brokerage firms have already submitted their reports for SHAK stocks, with Oppenheimer repeating the rating for SHAK by listing it as a “Outperform.” The predicted price for SHAK in the upcoming period, according to Oppenheimer is $120 based on the research report published on March 22, 2024 of the current year 2024.
TD Cowen, on the other hand, stated in their research note that they expect to see SHAK reach a price target of $125, previously predicting the price at $91. The rating they have provided for SHAK stocks is “Outperform” according to the report published on March 07th, 2024.
HSBC Securities gave a rating of “Hold” to SHAK, setting the target price at $74 in the report published on December 20th of the previous year.
SHAK Trading at 4.83% from the 50-Day Moving Average
After a stumble in the market that brought SHAK to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -3.72% of loss for the given period.
Volatility was left at 3.18%, however, over the last 30 days, the volatility rate increased by 3.51%, as shares surge +6.08% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.07% upper at present.
During the last 5 trading sessions, SHAK rose by +4.98%, which changed the moving average for the period of 200-days by +33.19% in comparison to the 20-day moving average, which settled at $99.92. In addition, Shake Shack Inc saw 44.05% 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 SHAK starting from Flug Jeffrey, who sale 304 shares at the price of $103.01 back on Apr 04 ’24. After this action, Flug Jeffrey now owns 3,754 shares of Shake Shack Inc, valued at $31,315 using the latest closing price.
Flug Jeffrey, the Director of Shake Shack Inc, sale 304 shares at $108.05 during a trade that took place back on Mar 04 ’24, which means that Flug Jeffrey is holding 4,058 shares at $32,846 based on the most recent closing price.
Stock Fundamentals for SHAK
Current profitability levels for the company are sitting at:
- 0.01 for the present operating margin
- 0.34 for the gross margin
The net margin for Shake Shack Inc stands at 0.02. The total capital return value is set at 0.01. Equity return is now at value 4.72, with 1.27 for asset returns.
Based on Shake Shack Inc (SHAK), the company’s capital structure generated 0.4 points at debt to capital in total, while cash flow to debt ratio is standing at 0.65. The debt to equity ratio resting at 0.67. The interest coverage ratio of the stock is 9.04.
Currently, EBITDA for the company is 188.98 million with net debt to EBITDA at 3.97. When we switch over and look at the enterprise to sales, we see a ratio of 4.44. The receivables turnover for the company is 64.55for trailing twelve months and the total asset turnover is 0.68. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.04.
Conclusion
In a nutshell, Shake Shack Inc (SHAK) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
