Rosenblatt raised the price target for the Six Flags Entertainment Corporation (NYSE:SIX) stock to “a Buy”. The rating was released on April 26, 2022, according to finviz. We previously noted in another research note published on March 04, 2022 by Deutsche Bank that upgraded the stock from a Hold to a Buy with a price target of $57 for SIX stock. The research report from Citigroup has initiated the stock to Buy, with a price target set at $54. The stock was upgraded by Oppenheimer, who disclosed in a research note on January 18, 2022, from Perform to Outperform and set the price objective to $54. In their research brief published December 17, 2021, Credit Suisse analysts upgraded the Six Flags Entertainment Corporation stock from Neutral to Outperform with a price target of $53.
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The latest trade, Performances and Moving Averages give us the following Picture
The share price of Six Flags Entertainment Corporation (NYSE:SIX) dipped -4.71% to close Thursday’s market session at $28.30, lower as compared to yesterday’s close. The stock price fluctuated between $26.84 and $30.59 throughout the trading session with the volume trading being 5809201 shares, which represented a significant variation when compared to the three months average volume of 1.61 million shares. The firm’s stock price fluctuated -17.88% within the last five trades and -28.30% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price decreased -32.64% in the last 6 months and -37.35% was subtracted to its value over the previous 3 months. SIX stock is trading at a margin of -25.83%, -29.35% and -31.64% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, SIX deals in the Consumer Cyclical domain. The stock is trading -40.56 percent below its 52-week high and -4.36 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is -44.1. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Six Flags Entertainment Corporation’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 27.00 percent and the profit margin is 8.70 percent, and the company has reported a gross margin of 91.60 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $2.47 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Six Flags Entertainment Corporation (NYSE:SIX) is 19.29. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 10.41. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 1.65 that mirrors the cost to be found for sales by the market.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 1.00 percent of Six Flags Entertainment Corporation shares are owned by insiders, and 93.30 percent are held by financial institutions. JAFFER REHAN, the 10% Owner at Six Flags Entertainment Corporation (SIX) has bought 25,000 shares of firm on Dec 15 at a price of $37.83 against the total amount of $0.95 million. In another inside trade, Ruchim Arik W, Director of Six Flags Entertainment Corporation (NYSE:SIX) bought 25,000 shares of the firm on Dec 15 for a total worth of $0.95 million at a price of $37.83. An inside trade which took place on Dec 14, President and CEO of Six Flags Entertainment Corporation BASSOUL SELIM A bought 32,000 shares of firm against total price of $1.2 million at the cost of $37.48 per share.