The price-to-earnings ratio for Six Flags Entertainment Corp. (NYSE: FUN) is above average at 17.70x. The 36-month beta value for FUN is also noteworthy at 1.57. There are mixed opinions on the stock, with 5 analysts rating it as a “buy,” 4 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
The public float for FUN is 95.58M, and at present, short sellers hold a 8.56% of that float. The average trading volume of FUN on August 27, 2024 was 1.51M shares.
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FUN) stock’s latest price update
The stock of Six Flags Entertainment Corp. (NYSE: FUN) has decreased by -2.04 when compared to last closing price of 44.53.Despite this, the company has seen a loss of -3.69% in its stock price over the last five trading days. globenewswire.com reported 2024-08-20 that Tricks and Treats and Oktoberfest Join SCarowinds for a Fun and Frightful Fall Lineup Tricks and Treats and Oktoberfest Join SCarowinds for a Fun and Frightful Fall Lineup
FUN’s Market Performance
FUN’s stock has fallen by -3.69% in the past week, with a monthly drop of -7.62% and a quarterly drop of -0.48%. The volatility ratio for the week is 3.50% while the volatility levels for the last 30 days are 4.38% for Six Flags Entertainment Corp.. The simple moving average for the past 20 days is -2.18% for FUN’s stock, with a 2.47% simple moving average for the past 200 days.
Analysts’ Opinion of FUN
Many brokerage firms have already submitted their reports for FUN stocks, with JP Morgan repeating the rating for FUN by listing it as a “Underweight.” The predicted price for FUN in the upcoming period, according to JP Morgan is $50 based on the research report published on August 06, 2024 of the current year 2024.
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 -10.56% 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 -25.69% of loss for the given period.
Volatility was left at 4.38%, however, over the last 30 days, the volatility rate increased by 3.50%, as shares sank -7.19% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -7.19% lower at present.
During the last 5 trading sessions, FUN fell by -3.69%, which changed the moving average for the period of 200-days by +13.59% in comparison to the 20-day moving average, which settled at $44.42. In addition, Six Flags Entertainment Corp. saw 9.60% 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:
- 0.2 for the present operating margin
- 0.56 for the gross margin
The net margin for Six Flags Entertainment Corp. stands at 0.07. The total capital return value is set at 0.21.
Based on Six Flags Entertainment Corp. (FUN), the company’s capital structure generated 1.41 points at debt to capital in total, while cash flow to debt ratio is standing at 0.16. The debt to equity ratio resting at -3.43. The interest coverage ratio of the stock is 3.58.
Currently, EBITDA for the company is 504.51 million with net debt to EBITDA at 4.32. When we switch over and look at the enterprise to sales, we see a ratio of 3.58. The receivables turnover for the company is 16.47for 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 0.50.
Conclusion
In summary, Six Flags Entertainment Corp. (FUN) has had a mixed performance as of late. Analysts have bullish opinions on the stock, with some viewing 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.
