Moreover, the 36-month beta value for COOK is 1.28. Analysts have varying opinions on the stock, with 3 analysts rating it as a “buy,” 1 as “overweight,” 5 as “hold,” and 1 as “sell.”
The public float for COOK is 58.59M and currently, short sellers hold a 1.99% of that float. On December 20, 2024, COOK’s average trading volume was 173.17K shares.
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COOK) stock’s latest price update
The stock price of Traeger Inc (NYSE: COOK) has dropped by -7.25 compared to previous close of 2.76. Despite this, the company has seen a fall of -16.07% in its stock price over the last five trading days. seekingalpha.com reported 2024-11-25 that Traeger, Inc. has shown revenue and cash flow improvements despite price cuts, making shares cheaper and suggesting potential for future gains if trends continue. The company reported a 3.7% revenue increase in the latest quarter, driven by a significant rise in grill sales, offset by declines in consumables and accessories. Profitability metrics mostly improved, with EBITDA nearly tripling and adjusted net losses narrowing, although operating cash flow saw a slight decline.
COOK’s Market Performance
Traeger Inc (COOK) has experienced a -16.07% fall in stock performance for the past week, with a -11.11% drop in the past month, and a -31.55% drop in the past quarter. The volatility ratio for the week is 6.24%, and the volatility levels for the past 30 days are at 5.80% for COOK. The simple moving average for the past 20 days is -16.98% for COOK’s stock, with a -7.33% simple moving average for the past 200 days.
Analysts’ Opinion of COOK
Many brokerage firms have already submitted their reports for COOK stocks, with Telsey Advisory Group repeating the rating for COOK by listing it as a “Outperform.” The predicted price for COOK in the upcoming period, according to Telsey Advisory Group is $4 based on the research report published on May 09, 2024 of the current year 2024.
Telsey Advisory Group, on the other hand, stated in their research note that they expect to see COOK reach a price target of $4.50, previously predicting the price at $5. The rating they have provided for COOK stocks is “Outperform” according to the report published on March 08th, 2024.
B. Riley Securities gave a rating of “Buy” to COOK, setting the target price at $3.50 in the report published on December 12th of the previous year.
COOK Trading at -17.50% from the 50-Day Moving Average
After a stumble in the market that brought COOK to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -35.52% of loss for the given period.
Volatility was left at 5.80%, however, over the last 30 days, the volatility rate increased by 6.24%, as shares sank -10.80% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -23.12% lower at present.
During the last 5 trading sessions, COOK fell by -16.07%, which changed the moving average for the period of 200-days by +14.80% in comparison to the 20-day moving average, which settled at $3.08. In addition, Traeger Inc saw -6.23% 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 COOK starting from ANDRUS JEREMY, who purchase 226,684 shares at the price of $2.21 back on May 23 ’24. After this action, ANDRUS JEREMY now owns 7,655,571 shares of Traeger Inc, valued at $500,428 using the latest closing price.
ANDRUS JEREMY, the Chief Executive Officer of Traeger Inc, purchase 165,000 shares at $2.17 during a trade that took place back on May 22 ’24, which means that ANDRUS JEREMY is holding 7,428,887 shares at $357,522 based on the most recent closing price.
Stock Fundamentals for COOK
Current profitability levels for the company are sitting at:
- -0.02 for the present operating margin
- 0.37 for the gross margin
The net margin for Traeger Inc stands at -0.09. The total capital return value is set at -0.01. Equity return is now at value -17.27, with -6.18 for asset returns.
Based on Traeger Inc (COOK), the company’s capital structure generated 0.59 points at debt to capital in total, while cash flow to debt ratio is standing at 0.09. The debt to equity ratio resting at 1.47. The interest coverage ratio of the stock is -0.31.
Currently, EBITDA for the company is 6.64 million with net debt to EBITDA at 12.31. When we switch over and look at the enterprise to sales, we see a ratio of 1.27. The receivables turnover for the company is 8.46for trailing twelve months and the total asset turnover is 0.73. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.09.
Conclusion
To wrap up, the performance of Traeger Inc (COOK) 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.
