In the past week, YETI stock has gone down by -8.41%, with a monthly gain of 1.78% and a quarterly plunge of -8.21%. The volatility ratio for the week is 3.75%, and the volatility levels for the last 30 days are 4.21% for YETI Holdings Inc The simple moving average for the past 20 days is -0.83% for YETI’s stock, with a -4.96% simple moving average for the past 200 days.
Is It Worth Investing in YETI Holdings Inc (NYSE: YETI) Right Now?
The price-to-earnings ratio for YETI Holdings Inc (NYSE: YETI) is above average at 16.01x. The 36-month beta value for YETI is also noteworthy at 2.14. There are mixed opinions on the stock, with 5 analysts rating it as a “buy,” 6 rating it as “overweight,” 10 rating it as “hold,” and 1 rating it as “sell.”
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The public float for YETI is 84.17M, and at present, short sellers hold a 8.54% of that float. The average trading volume of YETI on November 21, 2024 was 1.66M shares.
YETI) stock’s latest price update
YETI Holdings Inc (NYSE: YETI) has seen a decline in its stock price by -2.05 in relation to its previous close of 38.01. However, the company has experienced a -8.41% decline in its stock price over the last five trading sessions. seekingalpha.com reported 2024-11-19 that Despite a 24% YTD decline, I remain bullish on YETI Holdings due to its strong product portfolio, international growth, and undervaluation. YETI reported a 10% revenue increase in Q3 2024, driven by new product launches and strong international sales growth. The company is reducing its dependence on China, with plans to have 50% of drinkware production outside China by 2025.
Analysts’ Opinion of YETI
BofA Securities, on the other hand, stated in their research note that they expect to see YETI reach a price target of $55, previously predicting the price at $46. The rating they have provided for YETI stocks is “Buy” according to the report published on August 08th, 2024.
Canaccord Genuity gave a rating of “Hold” to YETI, setting the target price at $50 in the report published on January 04th of the current year.
YETI Trading at -4.38% from the 50-Day Moving Average
After a stumble in the market that brought YETI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -31.25% of loss for the given period.
Volatility was left at 4.21%, however, over the last 30 days, the volatility rate increased by 3.75%, as shares surge +3.39% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.61% lower at present.
During the last 5 trading sessions, YETI fell by -8.41%, which changed the moving average for the period of 200-days by -13.10% in comparison to the 20-day moving average, which settled at $37.54. In addition, YETI Holdings Inc saw -28.10% 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 YETI starting from McMullen Michael John, who sale 748 shares at the price of $40.00 back on Aug 29 ’24. After this action, McMullen Michael John now owns 46,624 shares of YETI Holdings Inc, valued at $29,920 using the latest closing price.
McMullen Michael John, the Officer of YETI Holdings Inc, proposed sale 748 shares at $40.00 during a trade that took place back on Aug 29 ’24, which means that McMullen Michael John is holding shares at $29,920 based on the most recent closing price.
Stock Fundamentals for YETI
Current profitability levels for the company are sitting at:
- 0.14 for the present operating margin
- 0.58 for the gross margin
The net margin for YETI Holdings Inc stands at 0.11. The total capital return value is set at 0.28. Equity return is now at value 28.55, with 16.56 for asset returns.
Based on YETI Holdings Inc (YETI), the company’s capital structure generated 0.09 points at debt to capital in total, while cash flow to debt ratio is standing at 2.56. The debt to equity ratio resting at 0.1. The interest coverage ratio of the stock is 139.21.
Currently, EBITDA for the company is 271.89 million with net debt to EBITDA at -0.35. When we switch over and look at the enterprise to sales, we see a ratio of 1.69. The receivables turnover for the company is 12.55for trailing twelve months and the total asset turnover is 1.42. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.58.
Conclusion
In summary, YETI Holdings Inc (YETI) has had a bad 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.
