William Blair raised the price target for the Six Flags Entertainment Corporation (NYSE:SIX) stock from “an Outperform” to “a Mkt perform”. The rating was released on November 11, 2022, according to finviz. We previously noted in another research note published on November 08, 2022 by Jefferies that downgraded the stock from a Buy to a Hold with a price target of $24 for SIX stock. The stock was downgraded by Citigroup, who disclosed in a research note on July 08, 2022, from Buy to Neutral and set the price objective to $26. In their research brief published June 21, 2022, B. Riley Securities analysts downgraded the Six Flags Entertainment Corporation stock from Buy to Neutral with a price target of $24.
The latest trade, Performances and Moving Averages give us the following Picture
The share price of Six Flags Entertainment Corporation (NYSE:SIX) raised 0.48% to close Tuesday’s market session at $27.32, higher as compared to yesterday’s close. The stock price fluctuated between $26.88 and $27.50 throughout the trading session with the volume trading being 1141046 shares, which represented a significant variation when compared to the three months average volume of 2.13 million shares. The firm’s stock price fluctuated 3.72% within the last five trades and 16.85% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 16.65% in the last 6 months and 32.36% was added to its value over the previous 3 months. SIX stock is trading at a margin of 9.51%, 16.99% and 9.02% 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 -42.17 percent below its 52-week high and 62.33 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 -18.75. 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 25.70 percent and the profit margin is 6.70 percent, and the company has reported a gross margin of 92.00 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 $2.18 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 23.94. 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 14.92. 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 1.57 that mirrors the cost to be found for sales by the market.
Is Insider Trading a Real Thing?
Mick Gary, the CHIEF FINANCIAL OFFICER at Six Flags Entertainment Corporation (SIX) has bought 5,250 shares of firm on Dec 15 at a price of $21.40 against the total amount of $0.11 million. In another inside trade, Mick Gary, CHIEF FINANCIAL OFFICER of Six Flags Entertainment Corporation (NYSE:SIX) bought 2,250 shares of the firm on Dec 14 for a total worth of $49356.0 at a price of $21.94. An inside trade which took place on Dec 08, CHIEF FINANCIAL OFFICER of Six Flags Entertainment Corporation Mick Gary bought 1,500 shares of firm against total price of $31411.0 at the cost of $20.94 per share.