Six Flags Entertainment Corp (SIX) Stock: A Study of the Market Performance

The stock of Six Flags Entertainment Corp (SIX) has seen a 4.99% increase in the past week, with a 8.14% gain in the past month, and a 6.13% flourish in the past quarter. The volatility ratio for the week is 5.61%, and the volatility levels for the past 30 days are at 3.41% for SIX. The simple moving average for the past 20 days is 6.95% for SIX’s stock, with a 9.63% simple moving average for the past 200 days.

Is It Worth Investing in Six Flags Entertainment Corp (NYSE: SIX) Right Now?

Six Flags Entertainment Corp (NYSE: SIX) has a higher price-to-earnings ratio of 83.34x compared to its average ratio. SIX has 36-month beta value of 2.26. Analysts have mixed views on the stock, with 4 analysts rating it as a “buy,” 6 as “overweight,” 1 as “hold,” and 1 as “sell.”

The public float for SIX is 82.86M, and currently, short sellers hold a 6.39% ratio of that float. The average trading volume of SIX on May 15, 2024 was 904.46K shares.

SIX) stock’s latest price update

Six Flags Entertainment Corp (NYSE: SIX) has seen a decline in its stock price by -1.53 in relation to its previous close of 26.72. However, the company has experienced a 4.99% gain in its stock price over the last five trading sessions. InvestorPlace reported 2024-05-14 that Though initial public offerings are heating up, 2024 has thus far been disappointing for investors looking for merger stocks to buy. The year’s first few months saw the iRobot (NASDAQ: IRBT ) and Southwest Airlines (NYSE: LUV ) deals scuttled, dashing merger arbitrage investors’ hopes of a quick payday and all-but-guaranteed upside.

Analysts’ Opinion of SIX

B. Riley Securities, on the other hand, stated in their research note that they expect to see SIX reach a price target of $31, previously predicting the price at $30. The rating they have provided for SIX stocks is “Buy” according to the report published on April 18th, 2024.

B. Riley Securities gave a rating of “Neutral” to SIX, setting the target price at $30 in the report published on February 05th of the current year.

SIX Trading at 4.71% from the 50-Day Moving Average

After a stumble in the market that brought SIX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -9.24% of loss for the given period.

Volatility was left at 3.41%, however, over the last 30 days, the volatility rate increased by 5.61%, as shares surge +11.86% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.83% upper at present.

During the last 5 trading sessions, SIX rose by +6.15%, which changed the moving average for the period of 200-days by +11.30% in comparison to the 20-day moving average, which settled at $24.74. In addition, Six Flags Entertainment Corp saw 4.90% 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 SIX starting from Williams-Ramey Aimee, who sale 11,630 shares at the price of $24.45 back on Sep 08 ’23. After this action, Williams-Ramey Aimee now owns 0 shares of Six Flags Entertainment Corp, valued at $284,354 using the latest closing price.

Mick Gary, the CHIEF FINANCIAL OFFICER of Six Flags Entertainment Corp, purchase 5,812 shares at $26.98 during a trade that took place back on Jun 09 ’23, which means that Mick Gary is holding 89,737 shares at $156,808 based on the most recent closing price.

Stock Fundamentals for SIX

Current profitability levels for the company are sitting at:

  • 0.32 for the present operating margin
  • 0.87 for the gross margin

The net margin for Six Flags Entertainment Corp stands at -0.03. The total capital return value is set at 0.19.

Based on Six Flags Entertainment Corp (SIX), the company’s capital structure generated 1.16 points at debt to capital in total, while cash flow to debt ratio is standing at 0.04. The debt to equity ratio resting at -7.27. The interest coverage ratio of the stock is 4.97.

Currently, EBITDA for the company is 374.9 million with net debt to EBITDA at 7.41. When we switch over and look at the enterprise to sales, we see a ratio of 3.6. The receivables turnover for the company is 14.04for trailing twelve months and the total asset turnover is 0.47. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.36.

Conclusion

To put it simply, Six Flags Entertainment Corp (SIX) has had a better performance in recent times. Analysts have a bullish 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.

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