The price-to-earnings ratio for SharkNinja Inc. (NYSE: SN) is 60.52x, which is above its average ratio. Moreover, the 36-month beta value for SN is 0.73. 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 7.45% of that float. On September 19, 2024, SN’s average trading volume was 1.34M shares.
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SN) stock’s latest price update
SharkNinja Inc. (NYSE: SN)’s stock price has gone rise by 0.77 in comparison to its previous close of 104.99, however, the company has experienced a 3.93% increase in its stock price over the last five trading days. zacks.com reported 2024-09-18 that Activity in the stock market over the last three months has been marked by a notable rise in volatility and a flat performance from the broad market. However, by using the Zacks Rank, and looking beneath the surface, investors may be able to find big winners regardless of the market environment.
SN’s Market Performance
SharkNinja Inc. (SN) has experienced a 3.93% rise in stock performance for the past week, with a 18.60% rise in the past month, and a 36.11% rise in the past quarter. The volatility ratio for the week is 2.57%, and the volatility levels for the past 30 days are at 3.22% for SN. The simple moving average for the past 20 days is 10.04% for SN’s stock, with a 58.31% 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 23.91% 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 -0.43% of loss for the given period.
Volatility was left at 3.22%, however, over the last 30 days, the volatility rate increased by 2.57%, as shares surge +15.69% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +47.97% upper at present.
During the last 5 trading sessions, SN rose by +3.81%, which changed the moving average for the period of 200-days by +115.63% in comparison to the 20-day moving average, which settled at $96.87. In addition, SharkNinja Inc. saw 106.76% 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 WANG XUNING, who proposed sale 1,700,000 shares at the price of $95.17 back on Sep 04 ’24. After this action, WANG XUNING now owns shares of SharkNinja Inc., valued at $161,789,000 using the latest closing price.
Neil Shah, the Officer of SharkNinja Inc., proposed sale 50,000 shares at $91.00 during a trade that took place back on Aug 29 ’24, which means that Neil Shah is holding shares at $4,550,000 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 3.3. 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.
