The stock of SharkNinja Inc. (SN) has seen a 1.27% increase in the past week, with a 2.76% gain in the past month, and a 45.43% flourish in the past quarter. The volatility ratio for the week is 2.10%, and the volatility levels for the past 30 days are at 2.28% for SN. The simple moving average for the last 20 days is 1.96% for SN stock, with a simple moving average of 46.63% for the last 200 days.
Is It Worth Investing in SharkNinja Inc. (NYSE: SN) Right Now?
The price-to-earnings ratio for SharkNinja Inc. (NYSE: SN) is above average at 63.45x, Company’s 36-month beta value is 0.79.Analysts have differing opinions on the stock, with 3 analysts rating it as a “buy,” 2 as “overweight,” 8 as “hold,” and 1 as “sell.”
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The public float for SN is 61.77M, and currently, short sellers hold a 4.35% ratio of that floaft. The average trading volume of SN on October 31, 2024 was 1.28M shares.
SN) stock’s latest price update
SharkNinja Inc. (NYSE: SN) has seen a rise in its stock price by 0.39 in relation to its previous close of 110.49. However, the company has experienced a 1.27% gain in its stock price over the last five trading sessions. zacks.com reported 2024-10-30 that SharkNinja, Inc. SN is scheduled to report third-quarter 2024 results on Oct. 31, before the opening bell. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.
Analysts’ Opinion of SN
Many brokerage firms have already submitted their reports for SN stocks, with Oppenheimer repeating the rating for SN by listing it as a “Outperform.” The predicted price for SN in the upcoming period, according to Oppenheimer is $120 based on the research report published on October 01, 2024 of the current year 2024.
BofA Securities gave a rating of “Buy” to SN, setting the target price at $90 in the report published on May 16th of the current year.
SN Trading at 7.38% 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 -1.54% of loss for the given period.
Volatility was left at 2.28%, however, over the last 30 days, the volatility rate increased by 2.10%, as shares surge +3.11% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +24.34% upper at present.
During the last 5 trading sessions, SN rose by +1.27%, which changed the moving average for the period of 200-days by +128.70% in comparison to the 20-day moving average, which settled at $108.79. In addition, SharkNinja Inc. saw 116.77% 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 Barrocas Mark, who proposed sale 3,581 shares at the price of $111.01 back on Oct 28 ’24. After this action, Barrocas Mark now owns shares of SharkNinja Inc., valued at $397,544 using the latest closing price.
Barrocas Mark, the Officer of SharkNinja Inc., proposed sale 3,007 shares at $110.11 during a trade that took place back on Oct 25 ’24, which means that Barrocas Mark is holding shares at $331,112 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 3.45. 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
In a nutshell, SharkNinja Inc. (SN) has experienced a better performance in recent times. The stock has received mixed “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.
