SharkNinja Inc. (NYSE: SN) has a higher price-to-earnings ratio of 53.48x compared to its average ratio. Analysts have mixed views on the stock, 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 currently, short sellers hold a 2.92% ratio of that float. The average trading volume of SN on May 02, 2024 was 1.02M shares.
SN) stock’s latest price update
SharkNinja Inc. (NYSE: SN)’s stock price has plunge by -0.25relation to previous closing price of 64.28. Nevertheless, the company has seen a 1.89% surge in its stock price over the last five trading sessions. Seeking Alpha reported 2024-04-29 that Founded in 1994, SharkNinja operates under two major brands, Shark and Ninja, offering a wide range of lifestyle products addressing needs across various home environments. Dominant in North America with significant growth in the UK and expanding into other European markets, SN represents a balanced mix of geographic revenue sources. SN’s commitment to disruptive innovation and aggressive marketing strategies has enabled it to maintain a competitive edge and increase market share.
SN’s Market Performance
SharkNinja Inc. (SN) has experienced a 1.89% rise in stock performance for the past week, with a 4.74% rise in the past month, and a 37.24% rise in the past quarter. The volatility ratio for the week is 2.17%, and the volatility levels for the past 30 days are at 2.55% for SN. The simple moving average for the last 20 days is 1.78% for SN stock, with a simple moving average of 35.06% for the last 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 7.67% 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 -2.28% of loss for the given period.
Volatility was left at 2.55%, however, over the last 30 days, the volatility rate increased by 2.17%, as shares surge +2.59% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +22.25% upper at present.
During the last 5 trading sessions, SN rose by +1.89%, in comparison to the 20-day moving average, which settled at $63.08. In addition, SharkNinja Inc. saw 25.31% 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 put it simply, SharkNinja Inc. (SN) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating 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.
