The stock of SharkNinja Inc (SN) has seen a -17.89% decrease in the past week, with a -16.83% drop in the past month, and a 23.80% flourish in the past quarter. The volatility ratio for the week is 5.41%, and the volatility levels for the past 30 days are at 3.01% for SN. The simple moving average for the last 20 days is -13.96% for SN’s stock, with a simple moving average of 19.61% 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 35.78x, which is above its average ratio. Moreover, the 36-month beta value for SN is 1.09. 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.”
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The public float for SN is 61.77M and currently, short sellers hold a 4.35% of that float. On November 05, 2024, SN’s average trading volume was 1.46M shares.
SN) stock’s latest price update
The stock of SharkNinja Inc (NYSE: SN) has increased by 2.39 when compared to last closing price of 89.12.Despite this, the company has seen a loss of -17.89% in its stock price over the last five trading days. zacks.com reported 2024-11-01 that SharkNinja, Inc. (SN) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.
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 -11.68% 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 -19.20% of loss for the given period.
Volatility was left at 3.01%, however, over the last 30 days, the volatility rate increased by 5.41%, as shares sank -15.75% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.56% upper at present.
During the last 5 trading sessions, SN fell by -17.89%, which changed the moving average for the period of 200-days by +89.35% in comparison to the 20-day moving average, which settled at $106.06. In addition, SharkNinja Inc saw 78.33% 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:
- 0.11 for the present operating margin
- 0.47 for the gross margin
The net margin for SharkNinja Inc stands at 0.07. The total capital return value is set at 0.21. Equity return is now at value 21.67, with 9.21 for asset returns.
Based on SharkNinja Inc (SN), the company’s capital structure generated 0.35 points at debt to capital in total, while cash flow to debt ratio is standing at 0.15. The debt to equity ratio resting at 0.54. The interest coverage ratio of the stock is 9.07.
Currently, EBITDA for the company is 559.66 million with net debt to EBITDA at 1.27. When we switch over and look at the enterprise to sales, we see a ratio of 2.66. The receivables turnover for the company is 4.3for trailing twelve months and the total asset turnover is 1.21. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.67.
Conclusion
To wrap up, the performance of SharkNinja Inc (SN) has been mixed in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. 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.
