The stock price of Shake Shack Inc (NYSE: SHAK) has dropped by -2.79 compared to previous close of 127.63. Despite this, the company has seen a fall of -5.91% in its stock price over the last five trading days. fool.com reported 2024-11-14 that Shake Shack is still a growth stock, and it offers a lot of potential upside.
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 684.34x compared to its average ratio. SHAK has 36-month beta value of 1.85. 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 38.03M, and currently, short sellers hold a 9.34% ratio of that float. The average trading volume of SHAK on November 15, 2024 was 923.64K shares.
SHAK’s Market Performance
The stock of Shake Shack Inc (SHAK) has seen a -5.91% decrease in the past week, with a 13.37% rise in the past month, and a 15.55% gain in the past quarter. The volatility ratio for the week is 3.46%, and the volatility levels for the past 30 days are at 3.31% for SHAK. The simple moving average for the last 20 days is 2.83% for SHAK’s stock, with a simple moving average of 24.17% for the last 200 days.
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 11.68% 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 -8.03% of loss for the given period.
Volatility was left at 3.31%, however, over the last 30 days, the volatility rate increased by 3.46%, as shares surge +14.46% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +29.06% upper at present.
During the last 5 trading sessions, SHAK fell by -5.91%, which changed the moving average for the period of 200-days by +64.20% in comparison to the 20-day moving average, which settled at $120.66. In addition, Shake Shack Inc saw 67.39% 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 Fogertey Katherine Irene, who sale 642 shares at the price of $133.24 back on Nov 06 ’24. After this action, Fogertey Katherine Irene now owns 31,359 shares of Shake Shack Inc, valued at $85,541 using the latest closing price.
Meyer Daniel Harris, the Director of Shake Shack Inc, sale 27,209 shares at $131.53 during a trade that took place back on Nov 06 ’24, which means that Meyer Daniel Harris is holding 380,437 shares at $3,578,716 based on the most recent closing price.
Stock Fundamentals for SHAK
Current profitability levels for the company are sitting at:
- 0.0 for the present operating margin
- 0.13 for the gross margin
The net margin for Shake Shack Inc stands at 0.01. The total capital return value is set at 0.0. Equity return is now at value 1.89, with 0.51 for asset returns.
Based on Shake Shack Inc (SHAK), the company’s capital structure generated 0.35 points at debt to capital in total, while cash flow to debt ratio is standing at 0.92. The debt to equity ratio resting at 0.54. The interest coverage ratio of the stock is 2.94.
Currently, EBITDA for the company is 111.74 million with net debt to EBITDA at 4.55. When we switch over and look at the enterprise to sales, we see a ratio of 4.51. The receivables turnover for the company is 43.51for trailing twelve months and the total asset turnover is 0.72. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.01.
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.
