In the past week, SHAK stock has gone up by 0.45%, with a monthly gain of 5.55% and a quarterly surge of 39.43%. The volatility ratio for the week is 2.63%, and the volatility levels for the last 30 days are 3.65% for Shake Shack Inc The simple moving average for the past 20 days is 2.13% for SHAK’s stock, with a 14.89% simple moving average for the past 200 days.
Is It Worth Investing in Shake Shack Inc (NYSE: SHAK) Right Now?
Shake Shack Inc (NYSE: SHAK) has a higher price-to-earnings ratio of 176.88x compared to its average ratio. SHAK has 36-month beta value of 1.84. Analysts have mixed views on the stock, with 3 analysts rating it as a “buy,” 1 as “overweight,” 5 as “hold,” and 2 as “sell.”
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The public float for SHAK is 37.93M, and currently, short sellers hold a 9.99% ratio of that float. The average trading volume of SHAK on October 23, 2024 was 970.60K shares.
SHAK) stock’s latest price update
The stock of Shake Shack Inc (NYSE: SHAK) has increased by 1.11 when compared to last closing price of 108.72.Despite this, the company has seen a gain of 0.45% in its stock price over the last five trading days. zacks.com reported 2024-10-23 that Shake Shack (SHAK) doesn’t possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Analysts’ Opinion of SHAK
Many brokerage firms have already submitted their reports for SHAK stocks, with Piper Sandler repeating the rating for SHAK by listing it as a “Neutral.” The predicted price for SHAK in the upcoming period, according to Piper Sandler is $114 based on the research report published on August 19, 2024 of the current year 2024.
CapitalOne, on the other hand, stated in their research note that they expect to see SHAK reach a price target of $95. The rating they have provided for SHAK stocks is “Overweight” according to the report published on July 29th, 2024.
Goldman gave a rating of “Buy” to SHAK, setting the target price at $110 in the report published on June 13th of the current year.
SHAK Trading at 4.81% from the 50-Day Moving Average
After a stumble in the market that brought SHAK to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -3.15% of loss for the given period.
Volatility was left at 3.65%, however, over the last 30 days, the volatility rate increased by 2.63%, as shares surge +4.44% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.46% upper at present.
During the last 5 trading sessions, SHAK rose by +0.92%, which changed the moving average for the period of 200-days by +54.95% in comparison to the 20-day moving average, which settled at $107.66. In addition, Shake Shack Inc saw 48.31% 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 SHAK starting from Meyer Daniel Harris, who sale 10,000 shares at the price of $110.08 back on Oct 04 ’24. After this action, Meyer Daniel Harris now owns 460,337 shares of Shake Shack Inc, valued at $1,100,835 using the latest closing price.
Fogertey Katherine Irene, the Chief Financial Officer of Shake Shack Inc, sale 321 shares at $104.25 during a trade that took place back on Oct 03 ’24, which means that Fogertey Katherine Irene is holding 35,859 shares at $33,464 based on the most recent closing price.
Stock Fundamentals for SHAK
Current profitability levels for the company are sitting at:
- 0.03 for the present operating margin
- 0.2 for the gross margin
The net margin for Shake Shack Inc stands at 0.02. The total capital return value is set at 0.02. Equity return is now at value 6.01, with 1.63 for asset returns.
Based on Shake Shack Inc (SHAK), the company’s capital structure generated 0.4 points at debt to capital in total, while cash flow to debt ratio is standing at 0.7. The debt to equity ratio resting at 0.66. The interest coverage ratio of the stock is 15.2.
Currently, EBITDA for the company is 188.98 million with net debt to EBITDA at 3.26. When we switch over and look at the enterprise to sales, we see a ratio of 4.18. The receivables turnover for the company is 41.21for trailing twelve months and the total asset turnover is 0.7. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.06.
Conclusion
To put it simply, Shake Shack Inc (SHAK) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
