JP Morgan has recently initiated Six Flags Entertainment Corp (FUN) stock to Underweight rating, as announced on August 6, 2024, according to Finviz. Earlier, on July 18, 2024, Macquarie had resumed the stock to Outperform, setting a price target of $64. Stifel also resumed Buy rating with a price target of $68. Additionally, Truist resumed Buy rating on July 9, 2024, with a target price of $62. Mizuho analysts, in their report published on March 26, 2024, also initiated Buy rating for Six Flags Entertainment Corp’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
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Six Flags Entertainment Corp (FUN) Stock Trading Recap
On Tuesday, Six Flags Entertainment Corp (FUN) stock saw a decline, ending the day at $38.55 which represents a decrease of $-1.76 or -4.37% from the prior close of $40.31. The stock opened at $40.18 and touched a low of $38.27 during the day, reaching a high of $40.43. The volume of shares traded was 2.04 million falling short of the average volume of 2.11 million.
FUN Stock Performance and Moving Averages
In recent trading, Six Flags Entertainment Corp (FUN) stock price has shown some volatility, fluctuating -5.33% over the last five trades and -11.95% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by -7.11%, and it has plunged by -29.77% in the previous three months. Currently, FUN is trading at -6.58%, -11.46%, and -10.25% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, FUN, a Consumer Cyclical sector stock, is trading -34.33% below its 52-week high but remains 13.25% above its 52-week low. The Average True Range (ATR) (14 days) of 1.46 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Six Flags Entertainment Corp’s Profitability and Valuation Ratios
Six Flags Entertainment Corp’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of 20.41% and a profit margin of 6.77%, with a gross margin of -7.11%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Six Flags Entertainment Corp’s market capitalization stands at $3.87 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The stock’s price-to-earnings (P/E) ratio is 15.64, assessing the company’s valuation relative to its earnings. The forward P/E ratio, which uses projected earnings for the next financial year, is 10.43. Additionally, the Price-to-Sales Ratio is 2.05, reflecting the market’s valuation of the company’s sales.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 4.68% of Six Flags Entertainment Corp (FUN)’s shares, while financial institutions hold 32.86%.
