Fox Factory Holding Corp (NASDAQ: FOXF) has a higher price-to-earnings ratio of 41.85x compared to its average ratio, The 36-month beta value for FOXF is at 1.65. Analysts have varying views on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 7 as “hold,” and 0 as “sell.”
The public float for FOXF is 41.38M, and currently, shorts hold a 9.20% of that float. The average trading volume for FOXF on August 30, 2024 was 598.22K shares.
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FOXF) stock’s latest price update
The stock price of Fox Factory Holding Corp (NASDAQ: FOXF) has surged by 2.24 when compared to previous closing price of 39.78, but the company has seen a 2.44% gain in its stock price over the last five trading sessions. globenewswire.com reported 2024-08-27 that DULUTH, Ga., Aug. 27, 2024 (GLOBE NEWSWIRE) — Fox Factory Holding Corp. (Nasdaq: FOXF) (the “Company”), a global leader in performance and adventure products, released its third annual sustainability report, detailing progress made over the last year.
FOXF’s Market Performance
Fox Factory Holding Corp (FOXF) has experienced a 2.44% rise in stock performance for the past week, with a -23.82% drop in the past month, and a -11.28% drop in the past quarter. The volatility ratio for the week is 4.46%, and the volatility levels for the past 30 days are at 5.57% for FOXF. The simple moving average for the last 20 days is -0.26% for FOXF stock, with a simple moving average of -22.47% for the last 200 days.
Analysts’ Opinion of FOXF
Many brokerage firms have already submitted their reports for FOXF stocks, with BofA Securities repeating the rating for FOXF by listing it as a “Neutral.” The predicted price for FOXF in the upcoming period, according to BofA Securities is $55 based on the research report published on February 23, 2024 of the current year 2024.
B. Riley Securities gave a rating of “Neutral” to FOXF, setting the target price at $80 in the report published on November 03rd of the previous year.
FOXF Trading at -10.95% from the 50-Day Moving Average
After a stumble in the market that brought FOXF to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -63.96% of loss for the given period.
Volatility was left at 5.57%, however, over the last 30 days, the volatility rate increased by 4.46%, as shares sank -17.89% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -16.66% lower at present.
During the last 5 trading sessions, FOXF rose by +2.44%, which changed the moving average for the period of 200-days by -27.21% in comparison to the 20-day moving average, which settled at $40.33. In addition, Fox Factory Holding Corp saw -39.73% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at FOXF starting from Tutton Christopher, who proposed sale 2,000 shares at the price of $41.00 back on Aug 15 ’24. After this action, Tutton Christopher now owns shares of Fox Factory Holding Corp, valued at $82,000 using the latest closing price.
Tutton Christopher, the (A) of Fox Factory Holding Corp, sale 3,000 shares at $40.01 during a trade that took place back on Aug 13 ’24, which means that Tutton Christopher is holding 14,637 shares at $120,030 based on the most recent closing price.
Stock Fundamentals for FOXF
Current profitability levels for the company are sitting at:
- 0.07 for the present operating margin
- 0.29 for the gross margin
The net margin for Fox Factory Holding Corp stands at 0.03. The total capital return value is set at 0.04. Equity return is now at value 3.43, with 2.03 for asset returns.
Based on Fox Factory Holding Corp (FOXF), the company’s capital structure generated 0.39 points at debt to capital in total, while cash flow to debt ratio is standing at 0.28. The debt to equity ratio resting at 0.65. The interest coverage ratio of the stock is 2.28.
Currently, EBITDA for the company is 216.59 million with net debt to EBITDA at 4.4. When we switch over and look at the enterprise to sales, we see a ratio of 1.77. The receivables turnover for the company is 8.52for trailing twelve months and the total asset turnover is 0.59. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.13.
Conclusion
In conclusion, Fox Factory Holding Corp (FOXF) has had a bad performance lately. Opinion on the stock among analysts is mixed, 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.
