Simply Good Foods Co (NASDAQ: SMPL) has a higher price-to-earnings ratio of 24.74x compared to its average ratio, The 36-month beta value for SMPL is at 0.61. Analysts have varying views on the stock, with 3 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for SMPL is 90.64M, and currently, shorts hold a 2.79% of that float. The average trading volume for SMPL on July 04, 2024 was 883.08K shares.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
SMPL) stock’s latest price update
Simply Good Foods Co (NASDAQ: SMPL) has experienced a rise in its stock price by 0.20 compared to its previous closing price of 35.80. However, the company has seen a fall of -0.80% in its stock price over the last five trading days. seekingalpha.com reported 2024-06-27 that The Simply Good Foods Company (NASDAQ:SMPL ) Q3 2024 Earnings Conference Call June 27, 2024 9:00 AM ET Company Participants Mark Pogharian – Vice President of Investor Relations Geoff Tanner – President, Chief Executive Officer and Director Shaun Mara – Chief Financial Officer Conference Call Participants Matthew Smith – Stifel Alexia Howard – AllianceBernstein John Baumgartner – Mizuho Securities Jon Andersen – William Blair Stephen Powers – Deutsche Bank Brian Holland – D.A. Davidson Kaumil Gajrawala – Jefferies Operator Greetings and welcome to The Simply Good Foods Company Fiscal Third Quarter 2024 Conference Call.
SMPL’s Market Performance
Simply Good Foods Co (SMPL) has experienced a -0.80% fall in stock performance for the past week, with a -4.98% drop in the past month, and a 10.06% rise in the past quarter. The volatility ratio for the week is 3.53%, and the volatility levels for the past 30 days are at 2.34% for SMPL. The simple moving average for the past 20 days is -1.98% for SMPL’s stock, with a -1.82% simple moving average for the past 200 days.
Analysts’ Opinion of SMPL
Many brokerage firms have already submitted their reports for SMPL stocks, with TD Cowen repeating the rating for SMPL by listing it as a “Hold.” The predicted price for SMPL in the upcoming period, according to TD Cowen is $34 based on the research report published on April 22, 2024 of the current year 2024.
Deutsche Bank, on the other hand, stated in their research note that they expect to see SMPL reach a price target of $42, previously predicting the price at $41. The rating they have provided for SMPL stocks is “Hold” according to the report published on January 02nd, 2024.
DA Davidson gave a rating of “Neutral” to SMPL, setting the target price at $42 in the report published on December 08th of the previous year.
SMPL Trading at -2.18% from the 50-Day Moving Average
After a stumble in the market that brought SMPL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -16.58% of loss for the given period.
Volatility was left at 2.34%, however, over the last 30 days, the volatility rate increased by 3.53%, as shares sank -4.50% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.99% upper at present.
During the last 5 trading sessions, SMPL fell by -0.80%, which changed the moving average for the period of 200-days by +5.94% in comparison to the 20-day moving average, which settled at $36.51. In addition, Simply Good Foods Co saw -9.42% 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 SMPL starting from WHITE JAMES D, who sale 4,000 shares at the price of $38.17 back on May 10 ’24. After this action, WHITE JAMES D now owns 17,027 shares of Simply Good Foods Co, valued at $152,671 using the latest closing price.
Montgomery Robert G., the Director of Simply Good Foods Co, sale 2,500 shares at $39.36 during a trade that took place back on Jan 25 ’24, which means that Montgomery Robert G. is holding 52,738 shares at $98,400 based on the most recent closing price.
Stock Fundamentals for SMPL
Current profitability levels for the company are sitting at:
- 0.17 for the present operating margin
- 0.37 for the gross margin
The net margin for Simply Good Foods Co stands at 0.11. The total capital return value is set at 0.1. Equity return is now at value 9.10, with 6.88 for asset returns.
Based on Simply Good Foods Co (SMPL), the company’s capital structure generated 0.13 points at debt to capital in total, while cash flow to debt ratio is standing at 0.93. The debt to equity ratio resting at 0.14. The interest coverage ratio of the stock is 16.12.
Currently, EBITDA for the company is 233.09 million with net debt to EBITDA at 0.28. When we switch over and look at the enterprise to sales, we see a ratio of 2.87. The receivables turnover for the company is 8.72for trailing twelve months and the total asset turnover is 0.58. The liquidity ratio also appears to be rather interesting for investors as it stands at 5.19.
Conclusion
In conclusion, Simply Good Foods Co (SMPL) has had a bad performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. 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.
