The stock of SharkNinja Inc (NYSE: SN) has decreased by -1.35 when compared to last closing price of 98.88. Despite this, the company has experienced a -4.47% fall in its stock price over the last five trading sessions. globenewswire.com reported 2024-11-19 that In a challenge brought by BISSELL Homecare, Inc., BBB National Programs’ National Advertising Division recommended that SharkNinja Operating, LLC discontinue the claim “The Best Deep Carpet Cleaning Among Full-Sized Deep Carpet Cleaners** Based on ASTM F2828 vs. full-sized carpet cleaners above 14 lbs.” In a challenge brought by BISSELL Homecare, Inc., BBB National Programs’ National Advertising Division recommended that SharkNinja Operating, LLC discontinue the claim “The Best Deep Carpet Cleaning Among Full-Sized Deep Carpet Cleaners** Based on ASTM F2828 vs. full-sized carpet cleaners above 14 lbs.”
Is It Worth Investing in SharkNinja Inc (NYSE: SN) Right Now?
SharkNinja Inc (NYSE: SN) has a higher price-to-earnings ratio of 38.25x compared to its average ratio, The 36-month beta value for SN is at 1.03. Analysts have varying views on the stock, with 9 analysts rating it as a “buy,” 2 rating it as “overweight,” 8 as “hold,” and 1 as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for SN is 68.40M, and currently, shorts hold a 5.21% of that float. The average trading volume for SN on November 20, 2024 was 1.47M shares.
SN’s Market Performance
SN’s stock has seen a -4.47% decrease for the week, with a -10.90% drop in the past month and a 8.21% gain in the past quarter. The volatility ratio for the week is 2.29%, and the volatility levels for the past 30 days are at 3.99% for SharkNinja Inc The simple moving average for the last 20 days is -3.16% for SN stock, with a simple moving average of 23.00% for the last 200 days.
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 -6.63% 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 -13.62% of loss for the given period.
Volatility was left at 3.99%, however, over the last 30 days, the volatility rate increased by 2.29%, as shares sank -10.40% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.88% lower at present.
During the last 5 trading sessions, SN fell by -3.89%, which changed the moving average for the period of 200-days by +104.53% in comparison to the 20-day moving average, which settled at $100.77. In addition, SharkNinja Inc saw 90.64% 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 0.2. 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 8.61.
Currently, EBITDA for the company is 441.96 million with net debt to EBITDA at 1.48. When we switch over and look at the enterprise to sales, we see a ratio of 2.85. 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
In conclusion, SharkNinja Inc (SN) has had a mixed performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
