Freshpet Inc (FRPT) Shares Down Despite Recent Market Volatility

The stock price of Freshpet Inc (NASDAQ: FRPT) has dropped by -5.79 compared to previous close of 129.43. Despite this, the company has seen a fall of -7.87% in its stock price over the last five trading days. investorplace.com reported 2024-07-08 that Chewy (NYSE: CHWY ) has recently become what some would consider to be a meme stock. On June 24, influential investor Keith Gill, also known as Roaring Kitty, disclosed the purchase of 9 million shares, valued at roughly $245 million.

Is It Worth Investing in Freshpet Inc (NASDAQ: FRPT) Right Now?

Freshpet Inc (NASDAQ: FRPT) has a price-to-earnings ratio that is above its average at 688.15x. The stock has a 36-month beta value of 1.36. Opinions on the stock are mixed, with 2 analysts rating it as a “buy,” 3 as “overweight,” 5 as “hold,” and 0 as “sell.”

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The public float for FRPT is 46.77M, and at present, short sellers hold a 11.21% of that float. On July 11, 2024, the average trading volume of FRPT was 567.02K shares.

FRPT’s Market Performance

FRPT stock saw a decrease of -7.87% in the past week, with a monthly decline of -4.02% and a quarterly a decrease of 6.34%. The volatility ratio for the week is 3.74%, and the volatility levels for the last 30 days are 3.00% for Freshpet Inc (FRPT). The simple moving average for the last 20 days is -5.82% for FRPT’s stock, with a simple moving average of 28.23% for the last 200 days.

Analysts’ Opinion of FRPT

Many brokerage firms have already submitted their reports for FRPT stocks, with Redburn Atlantic repeating the rating for FRPT by listing it as a “Buy.” The predicted price for FRPT in the upcoming period, according to Redburn Atlantic is $168 based on the research report published on May 23, 2024 of the current year 2024.

Deutsche Bank, on the other hand, stated in their research note that they expect to see FRPT reach a price target of $150. The rating they have provided for FRPT stocks is “Buy” according to the report published on May 23rd, 2024.

Truist gave a rating of “Buy” to FRPT, setting the target price at $135 in the report published on March 11th of the current year.

FRPT Trading at -2.81% from the 50-Day Moving Average

After a stumble in the market that brought FRPT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -10.57% of loss for the given period.

Volatility was left at 3.00%, however, over the last 30 days, the volatility rate increased by 3.74%, as shares sank -6.15% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +14.65% upper at present.

During the last 5 trading sessions, FRPT fell by -7.87%, which changed the moving average for the period of 200-days by +84.73% in comparison to the 20-day moving average, which settled at $129.08. In addition, Freshpet Inc saw 40.55% 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 FRPT starting from Macchiaverna Stephen, who sale 6,000 shares at the price of $132.13 back on Jun 05 ’24. After this action, Macchiaverna Stephen now owns 86,039 shares of Freshpet Inc, valued at $792,804 using the latest closing price.

Macchiaverna Stephen, the EVP, Treasurer of Freshpet Inc, sale 5,000 shares at $126.89 during a trade that took place back on May 14 ’24, which means that Macchiaverna Stephen is holding 86,039 shares at $634,450 based on the most recent closing price.

Stock Fundamentals for FRPT

Current profitability levels for the company are sitting at:

  • -0.0 for the present operating margin
  • 0.34 for the gross margin

The net margin for Freshpet Inc stands at 0.01. The total capital return value is set at -0.0. Equity return is now at value 1.01, with 0.68 for asset returns.

Based on Freshpet Inc (FRPT), the company’s capital structure generated 0.29 points at debt to capital in total, while cash flow to debt ratio is standing at 0.24. The debt to equity ratio resting at 0.41. The interest coverage ratio of the stock is -0.02.

Currently, EBITDA for the company is 28.78 million with net debt to EBITDA at 2.43. When we switch over and look at the enterprise to sales, we see a ratio of 7.38. The receivables turnover for the company is 12.02for trailing twelve months and the total asset turnover is 0.56. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.97.

Conclusion

To sum up, Freshpet Inc (FRPT) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as 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.

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