The stock price of Six Flags Entertainment Corp. (NYSE: FUN) has surged by 1.56 when compared to previous closing price of 46.90, but the company has seen a 0.63% gain in its stock price over the last five trading sessions. prnewswire.com reported 2024-07-31 that The World’s Tallest and Longest Launched Wing Coaster to Open in 2025 as part of 50th Anniversary Season DOSWELL, Va., July 31, 2024 /PRNewswire/ — Kings Dominion, central Virginia’s beloved amusement park, is thrilled to announce the arrival of Rapterra as part of the park’s 50th anniversary season in 2025.
Is It Worth Investing in Six Flags Entertainment Corp. (NYSE: FUN) Right Now?
The price-to-earnings ratio for Six Flags Entertainment Corp. (NYSE: FUN) is 19.64x, which is above its average ratio. Moreover, the 36-month beta value for FUN is 1.56. Analysts have varying opinions on the stock, with 6 analysts rating it as a “buy,” 3 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for FUN is 90.20M and currently, short sellers hold a 10.85% of that float. On August 01, 2024, FUN’s average trading volume was 1.12M shares.
FUN’s Market Performance
FUN stock saw a decrease of 0.63% in the past week, with a monthly decline of -8.60% and a quarterly a decrease of 23.17%. The volatility ratio for the week is 3.40%, and the volatility levels for the last 30 days are 3.98% for Six Flags Entertainment Corp. (FUN). The simple moving average for the past 20 days is -7.85% for FUN’s stock, with a 13.96% simple moving average for the past 200 days.
Analysts’ Opinion of FUN
Many brokerage firms have already submitted their reports for FUN stocks, with Macquarie repeating the rating for FUN by listing it as a “Outperform.” The predicted price for FUN in the upcoming period, according to Macquarie is $64 based on the research report published on July 18, 2024 of the current year 2024.
Stifel, on the other hand, stated in their research note that they expect to see FUN reach a price target of $68, previously predicting the price at $53. The rating they have provided for FUN stocks is “Buy” according to the report published on July 12th, 2024.
Truist gave a rating of “Buy” to FUN, setting the target price at $62 in the report published on July 09th of the current year.
FUN Trading at -1.84% from the 50-Day Moving Average
After a stumble in the market that brought FUN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -18.86% of loss for the given period.
Volatility was left at 3.98%, however, over the last 30 days, the volatility rate increased by 3.40%, as shares sank -13.23% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.95% upper at present.
During the last 5 trading sessions, FUN rose by +0.63%, which changed the moving average for the period of 200-days by +33.34% in comparison to the 20-day moving average, which settled at $51.32. In addition, Six Flags Entertainment Corp. saw 19.67% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for FUN
Current profitability levels for the company are sitting at:
- 0.19 for the present operating margin
- 0.71 for the gross margin
The net margin for Six Flags Entertainment Corp. stands at 0.07. The total capital return value is set at 0.18.
Based on Six Flags Entertainment Corp. (FUN), the company’s capital structure generated 1.42 points at debt to capital in total, while cash flow to debt ratio is standing at 0.13. The debt to equity ratio resting at -3.4. The interest coverage ratio of the stock is 2.34.
Currently, EBITDA for the company is 504.51 million with net debt to EBITDA at 4.91. When we switch over and look at the enterprise to sales, we see a ratio of 3.99. The receivables turnover for the company is 29.51for trailing twelve months and the total asset turnover is 0.8. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.45.
Conclusion
To wrap up, the performance of Six Flags Entertainment Corp. (FUN) has been better in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. 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.
