The price-to-earnings ratio for SharkNinja Inc. (NYSE: SN) is 52.40x, which is above its average ratio. Moreover, the 36-month beta value for SN is 0.71. Analysts have varying opinions on the stock, with 3 analysts rating it as a “buy,” 2 as “overweight,” 8 as “hold,” and 1 as “sell.”
The public float for SN is 61.77M and currently, short sellers hold a 7.39% of that float. On August 27, 2024, SN’s average trading volume was 1.21M shares.
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SN) stock’s latest price update
SharkNinja Inc. (NYSE: SN)’s stock price has soared by 2.58 in relation to previous closing price of 89.30. Nevertheless, the company has seen a gain of 2.68% in its stock price over the last five trading days. businesswire.com reported 2024-08-23 that NEEDHAM, Mass.–(BUSINESS WIRE)–SharkNinja, Inc. (NYSE: SN), a global product design and technology company, today announced that the Company will be participating in the Goldman Sachs 31st Annual Global Retailing Conference in New York City. SharkNinja is hosting a fireside chat that is scheduled to begin at 1:10 p.m. Eastern Time on Wednesday, September 4, 2024. The fireside chat will be webcast live and available for replay. The link to the webcast will be available on the Investor Relation.
SN’s Market Performance
SN’s stock has risen by 2.68% in the past week, with a monthly rise of 19.49% and a quarterly rise of 22.31%. The volatility ratio for the week is 2.77% while the volatility levels for the last 30 days are 3.58% for SharkNinja Inc.. The simple moving average for the past 20 days is 8.43% for SN’s stock, with a 46.39% simple moving average for the past 200 days.
Analysts’ Opinion of SN
BofA Securities, on the other hand, stated in their research note that they expect to see SN reach a price target of $90. The rating they have provided for SN stocks is “Buy” according to the report published on May 16th, 2024.
UBS gave a rating of “Buy” to SN, setting the target price at $76 in the report published on April 15th of the current year.
SN Trading at 16.47% from the 50-Day Moving Average
After a stumble in the market that brought SN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -0.94% of loss for the given period.
Volatility was left at 3.58%, however, over the last 30 days, the volatility rate increased by 2.77%, as shares surge +18.25% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +16.00% upper at present.
During the last 5 trading sessions, SN rose by +1.84%, which changed the moving average for the period of 200-days by +106.48% in comparison to the 20-day moving average, which settled at $85.18. In addition, SharkNinja Inc. saw 79.01% 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 SN starting from Warner Timothy R., who proposed sale 5,500 shares at the price of $88.08 back on Aug 12 ’24. After this action, Warner Timothy R. now owns shares of SharkNinja Inc., valued at $484,430 using the latest closing price.
Hayes Wendy, the Former Director of SharkNinja Inc., proposed sale 2,000 shares at $88.04 during a trade that took place back on Aug 12 ’24, which means that Hayes Wendy is holding shares at $176,086 based on the most recent closing price.
Stock Fundamentals for SN
Current profitability levels for the company are sitting at:
- 0.1 for the present operating margin
- 0.47 for the gross margin
The net margin for SharkNinja Inc. stands at 0.05. The total capital return value is set at 0.18. Equity return is now at value 13.99, with 6.76 for asset returns.
Based on SharkNinja Inc. (SN), the company’s capital structure generated 0.36 points at debt to capital in total, while cash flow to debt ratio is standing at 0.07. The debt to equity ratio resting at 0.56. The interest coverage ratio of the stock is 7.72.
Currently, EBITDA for the company is 559.66 million with net debt to EBITDA at 1.65. When we switch over and look at the enterprise to sales, we see a ratio of 2.88. The receivables turnover for the company is 4.41for trailing twelve months and the total asset turnover is 1.24. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.71.
Conclusion
To wrap up, the performance of SharkNinja Inc. (SN) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
