Fox Factory Holding Corp (NASDAQ: FOXF) has seen a rise in its stock price by 0.17 in relation to its previous close of 29.63. However, the company has experienced a -7.68% decline in its stock price over the last five trading sessions. zacks.com reported 2024-11-01 that The headline numbers for Fox Factory Holding (FOXF) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Is It Worth Investing in Fox Factory Holding Corp (NASDAQ: FOXF) Right Now?
The price-to-earnings ratio for Fox Factory Holding Corp (NASDAQ: FOXF) is above average at 115.85x, Company’s 36-month beta value is 1.60.Analysts have differing opinions on the stock, with 3 analysts rating it as a “buy,” 1 as “overweight,” 5 as “hold,” and 0 as “sell.”
The public float for FOXF is 41.38M, and currently, short sellers hold a 6.08% ratio of that floaft. The average trading volume of FOXF on December 20, 2024 was 672.61K shares.
FOXF’s Market Performance
The stock of Fox Factory Holding Corp (FOXF) has seen a -7.68% decrease in the past week, with a -6.84% drop in the past month, and a -30.99% fall in the past quarter. The volatility ratio for the week is 5.61%, and the volatility levels for the past 30 days are at 4.76% for FOXF. The simple moving average for the past 20 days is -5.99% for FOXF’s stock, with a -29.43% simple moving average for the past 200 days.
Analysts’ Opinion of FOXF
Many brokerage firms have already submitted their reports for FOXF stocks, with Stifel repeating the rating for FOXF by listing it as a “Buy.” The predicted price for FOXF in the upcoming period, according to Stifel is $40 based on the research report published on December 11, 2024 of the current year 2024.
BofA Securities, on the other hand, stated in their research note that they expect to see FOXF reach a price target of $55. The rating they have provided for FOXF stocks is “Neutral” according to the report published on February 23rd, 2024.
FOXF Trading at -13.65% from the 50-Day Moving Average
After a stumble in the market that brought FOXF to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -57.68% of loss for the given period.
Volatility was left at 4.76%, however, over the last 30 days, the volatility rate increased by 5.61%, as shares sank -6.81% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -24.36% lower at present.
During the last 5 trading sessions, FOXF fell by -7.68%, which changed the moving average for the period of 200-days by -41.52% in comparison to the 20-day moving average, which settled at $31.57. In addition, Fox Factory Holding Corp saw -56.02% 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 FOXF starting from FETTER ELIZABETH A, who purchase 600 shares at the price of $34.03 back on Nov 25 ’24. After this action, FETTER ELIZABETH A now owns 7,873 shares of Fox Factory Holding Corp, valued at $20,418 using the latest closing price.
Fletcher Thomas L., the Former Officer of Fox Factory Holding Corp, proposed sale 1,315 shares at $41.28 during a trade that took place back on Oct 01 ’24, which means that Fletcher Thomas L. is holding shares at $54,289 based on the most recent closing price.
Stock Fundamentals for FOXF
Current profitability levels for the company are sitting at:
- 0.05 for the present operating margin
- 0.29 for the gross margin
The net margin for Fox Factory Holding Corp stands at 0.01. The total capital return value is set at 0.03. Equity return is now at value 0.88, with 0.54 for asset returns.
Based on Fox Factory Holding Corp (FOXF), the company’s capital structure generated 0.39 points at debt to capital in total, while cash flow to debt ratio is standing at 0.13. The debt to equity ratio resting at 0.64. The interest coverage ratio of the stock is 1.33.
Currently, EBITDA for the company is 223.36 million with net debt to EBITDA at 9.42. When we switch over and look at the enterprise to sales, we see a ratio of 1.41. The receivables turnover for the company is 7.13for trailing twelve months and the total asset turnover is 0.6. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.21.
Conclusion
In a nutshell, Fox Factory Holding Corp (FOXF) has experienced a bad performance in recent times. The stock has received mixed “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.
