SpartanNash Co (NASDAQ: SPTN)’s stock price has plunge by -12.44relation to previous closing price of 22.59. Nevertheless, the company has seen a -5.99% plunge in its stock price over the last five trading sessions. seekingalpha.com reported 2024-11-07 that SpartanNash Company (NASDAQ:SPTN ) Q3 2024 Earnings Conference Call November 7, 2024 8:30 AM ET Company Participants Kayleigh Campbell – Head of Investor Relations Tony Sarsam – President and Chief Executive Officer Jason Monaco – Executive Vice President and Chief Financial Officer Conference Call Participants Chuck Cerankosky – Northcoast Research Alex Slagle – Jefferies Ben Wood – BMO Capital Markets Scott Mushkin – R5 Capital Operator Welcome to the SpartanNash Third Quarter 2024 Earnings Conference Call. At this time, all participants are in listen-only mode.
Is It Worth Investing in SpartanNash Co (NASDAQ: SPTN) Right Now?
The price-to-earnings ratio for SpartanNash Co (NASDAQ: SPTN) is 14.87x, which is above its average ratio. Moreover, the 36-month beta value for SPTN is 0.41. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 1 as “overweight,” 5 as “hold,” and 0 as “sell.”
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The public float for SPTN is 33.23M and currently, short sellers hold a 2.91% of that float. On November 08, 2024, SPTN’s average trading volume was 227.75K shares.
SPTN’s Market Performance
The stock of SpartanNash Co (SPTN) has seen a -5.99% decrease in the past week, with a -6.03% drop in the past month, and a 2.54% gain in the past quarter. The volatility ratio for the week is 4.22%, and the volatility levels for the past 30 days are at 2.40% for SPTN. The simple moving average for the last 20 days is -7.94% for SPTN stock, with a simple moving average of -3.47% for the last 200 days.
SPTN Trading at -8.74% from the 50-Day Moving Average
After a stumble in the market that brought SPTN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -19.30% of loss for the given period.
Volatility was left at 2.40%, however, over the last 30 days, the volatility rate increased by 4.22%, as shares sank -5.85% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.17% lower at present.
During the last 5 trading sessions, SPTN fell by -5.99%, which changed the moving average for the period of 200-days by -12.56% in comparison to the 20-day moving average, which settled at $21.49. In addition, SpartanNash Co saw -13.81% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SPTN starting from MacPherson Kerrie D., who purchase 1,000 shares at the price of $19.45 back on Jun 07 ’24. After this action, MacPherson Kerrie D. now owns 4,739 shares of SpartanNash Co, valued at $19,450 using the latest closing price.
VOSS WILLIAM R, the Director of SpartanNash Co, sale 16,439 shares at $19.84 during a trade that took place back on Mar 15 ’24, which means that VOSS WILLIAM R is holding 15,248 shares at $326,150 based on the most recent closing price.
Stock Fundamentals for SPTN
Current profitability levels for the company are sitting at:
- 0.01 for the present operating margin
- 0.15 for the gross margin
The net margin for SpartanNash Co stands at 0.01. The total capital return value is set at 0.04. Equity return is now at value 5.90, with 1.94 for asset returns.
Based on SpartanNash Co (SPTN), the company’s capital structure generated 0.51 points at debt to capital in total, while cash flow to debt ratio is standing at 0.12. The debt to equity ratio resting at 1.05. The interest coverage ratio of the stock is 3.16.
Currently, EBITDA for the company is 83.17 million with net debt to EBITDA at 13.41. When we switch over and look at the enterprise to sales, we see a ratio of 0.32. The receivables turnover for the company is 10.71for trailing twelve months and the total asset turnover is 1.96. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.62.
Conclusion
To wrap up, the performance of SpartanNash Co (SPTN) has been bad 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.
