The stock of Six Flags Entertainment Corp. (NYSE: FUN) has increased by 3.44 when compared to last closing price of 43.59.Despite this, the company has seen a loss of -3.86% in its stock price over the last five trading days. businesswire.com reported 2024-08-06 that CHARLOTTE, N.C.–(BUSINESS WIRE)–2023 Schedule K-3 Tax Forms Now Available for Former Cedar Fair Unitholders.
Is It Worth Investing in Six Flags Entertainment Corp. (NYSE: FUN) Right Now?
Six Flags Entertainment Corp. (NYSE: FUN) has a higher price-to-earnings ratio of 18.59x compared to its average ratio, The 36-month beta value for FUN is at 1.57. Analysts have varying views on the stock, with 5 analysts rating it as a “buy,” 4 rating it as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for FUN is 90.20M, and currently, shorts hold a 10.85% of that float. The average trading volume for FUN on August 07, 2024 was 1.21M shares.
FUN’s Market Performance
The stock of Six Flags Entertainment Corp. (FUN) has seen a -3.86% decrease in the past week, with a -20.29% drop in the past month, and a 11.75% gain in the past quarter. The volatility ratio for the week is 5.65%, and the volatility levels for the past 30 days are at 4.28% for FUN.. The simple moving average for the past 20 days is -8.93% for FUN’s stock, with a 7.36% simple moving average for the past 200 days.
Analysts’ Opinion of FUN
Macquarie, on the other hand, stated in their research note that they expect to see FUN reach a price target of $64. The rating they have provided for FUN stocks is “Outperform” according to the report published on July 18th, 2024.
Stifel gave a rating of “Buy” to FUN, setting the target price at $68 in the report published on July 12th of the current year.
FUN Trading at -7.34% 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 -23.19% of loss for the given period.
Volatility was left at 4.28%, however, over the last 30 days, the volatility rate increased by 5.65%, as shares sank -18.64% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.54% upper at present.
During the last 5 trading sessions, FUN fell by -3.86%, which changed the moving average for the period of 200-days by +27.09% in comparison to the 20-day moving average, which settled at $48.99. In addition, Six Flags Entertainment Corp. saw 13.29% 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 3.85. 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
In conclusion, Six Flags Entertainment Corp. (FUN) has had a mixed 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.
