Six Flags Entertainment Corp (NYSE: FUN)’s stock price has soared by 2.26 in relation to previous closing price of 41.61. Nevertheless, the company has seen a gain of 0.28% in its stock price over the last five trading days. zacks.com reported 2024-11-05 that Get a deeper insight into the potential performance of Six Flags Entertainment Corporation (FUN) for the quarter ended September 2024 by going beyond Wall Street’s top -and-bottom-line estimates and examining the estimates for some of its key metrics.
Is It Worth Investing in Six Flags Entertainment Corp (NYSE: FUN) Right Now?
The price-to-earnings ratio for Six Flags Entertainment Corp (NYSE: FUN) is above average at 17.27x. The 36-month beta value for FUN is also noteworthy at 1.57. There are mixed opinions on the stock, with 5 analysts rating it as a “buy,” 4 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
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The public float for FUN is 95.58M, and at present, short sellers hold a 10.63% of that float. The average trading volume of FUN on November 06, 2024 was 1.69M shares.
FUN’s Market Performance
FUN’s stock has seen a 0.28% increase for the week, with a 9.35% rise in the past month and a -1.62% fall in the past quarter. The volatility ratio for the week is 4.00%, and the volatility levels for the past 30 days are at 3.46% for Six Flags Entertainment Corp The simple moving average for the last 20 days is 6.53% for FUN’s stock, with a simple moving average of -1.16% for the last 200 days.
Analysts’ Opinion of FUN
Many brokerage firms have already submitted their reports for FUN stocks, with Guggenheim repeating the rating for FUN by listing it as a “Buy.” The predicted price for FUN in the upcoming period, according to Guggenheim is $52 based on the research report published on October 29, 2024 of the current year 2024.
Oppenheimer, on the other hand, stated in their research note that they expect to see FUN reach a price target of $60, previously predicting the price at $67. The rating they have provided for FUN stocks is “Outperform” according to the report published on October 15th, 2024.
JP Morgan gave a rating of “Underweight” to FUN, setting the target price at $50 in the report published on August 06th of the current year.
FUN Trading at 4.97% from the 50-Day Moving Average
After a stumble in the market that brought FUN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -27.51% of loss for the given period.
Volatility was left at 3.46%, however, over the last 30 days, the volatility rate increased by 4.00%, as shares surge +14.75% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.45% lower at present.
During the last 5 trading sessions, FUN rose by +0.28%, which changed the moving average for the period of 200-days by +8.16% in comparison to the 20-day moving average, which settled at $39.94. In addition, Six Flags Entertainment Corp saw 6.91% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for FUN
Current profitability levels for the company are sitting at:
- 0.19 for the present operating margin
- 0.59 for the gross margin
The net margin for Six Flags Entertainment Corp stands at 0.07. The total capital return value is set at 0.2.
Based on Six Flags Entertainment Corp (FUN), the company’s capital structure generated 1.41 points at debt to capital in total, while cash flow to debt ratio is standing at 0.16. The debt to equity ratio resting at -3.46. The interest coverage ratio of the stock is 2.5.
Currently, EBITDA for the company is 504.51 million with net debt to EBITDA at 4.2. When we switch over and look at the enterprise to sales, we see a ratio of 3.48. The receivables turnover for the company is 16.47for trailing twelve months and the total asset turnover is 0.8. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.50.
Conclusion
In summary, Six Flags Entertainment Corp (FUN) has had a better performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as 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.
