Six Flags Entertainment Corp [SIX] stock is trading at $25.62, down -1.73%. An important factor to consider is whether the stock is rising or falling in short-term value. The SIX shares have gain 3.98% over the last week, with a monthly amount drifted -0.93%, and not seem to be holding up well over a long-time horizon.
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On 29, February 2024, Six Flags Reports Fourth Quarter and Full Year 2023 Performance. In a post published today on Yahoo Finance, Six Flags Entertainment Corporation (NYSE: SIX), the world’s largest regional theme park company and the largest operator of water parks in North America, today reported fourth quarter Revenue of $293 million, Net Loss of $22 million, and Adjusted EBITDA(1) of $98 million. For the full year, the company reported revenue of $1,426 million, Net Income of $39 million, and Adjusted EBITDA(1) of $462 million.
From an analyst’s perspective:
Six Flags Entertainment Corp [NYSE: SIX] stock has seen the most recent analyst activity on February 05, 2024, when B. Riley Securities downgraded its rating to a Neutral but kept the price target unchanged to $30 for it. Previously, Morgan Stanley upgraded its rating to Overweight on December 14, 2023, and elevated its price target to $32. On November 21, 2023, downgrade downgraded it’s rating to Neutral and revised its price target to $25 on the stock. Jefferies upgraded its rating to a Buy and increased its price target to $32 on November 20, 2023. Citigroup upgraded its rating to a Buy and raised its price target to $26 on November 03, 2023. B. Riley Securities upgraded its rating to Buy for this stock on November 03, 2023, and upped its price target to $30. In a note dated November 01, 2023, JP Morgan initiated an Underweight rating and provided a target price of $16 on this stock.
Six Flags Entertainment Corp [SIX] stock has fluctuated between $18.29 and $31.29 over the past year. Currently, Wall Street analysts expect the stock to reach $41 within the next 12 months. Six Flags Entertainment Corp [NYSE: SIX] shares were valued at $25.62 at the most recent close of the market. An investor can expect a potential return of 60.03% based on the average SIX price forecast.
Analyzing the SIX fundamentals
Six Flags Entertainment Corp [NYSE:SIX] reported sales of 1.43B for the trailing twelve months, which represents a growth of 4.53%. Gross Profit Margin for this corporation currently stands at 0.87% with Operating Profit Margin at 0.32%, Pretax Profit Margin comes in at 0.04%, and Net Profit Margin reading is -0.03%. To continue investigating profitability, this company’s Return on Assets is posted at -0.02, Equity is 0.05 and Total Capital is 0.19. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -7.27.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 25.35 points at the first support level, and at 25.08 for the second support level. However, for the 1st resistance point, the stock is sitting at 26.10, and for the 2nd resistance point, it is at 26.58.
Six Flags Entertainment Corp [SIX] reported earnings per share of -$0.27 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.27/share, meaning a difference of -$0.54 and a surprise factor of -200.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $1.32 per share as compared to estimates of $1.46 per share, a difference of -$0.14 representing a surprise of -9.60%.
Ratios To Look Out For
For context, Six Flags Entertainment Corp’s Current Ratio is 0.43. On the other hand, the Quick Ratio is 0.32, and the Cash Ratio is 0.12. Considering the valuation of this stock, the price to sales ratio is 1.51 and price to earnings (TTM) ratio is 55.82.
Transactions by insiders
The next item on our agenda is insider trading, which has seen 1 insider purchases totaling 45,128 shares and 1 insider sales totaling 28,576 shares over the past 3 months. Recent insider trading involved Williams-Ramey Aimee, Former Chief Legal Officer, that happened on Sep 08 when 11630.0 shares were sold. CHIEF FINANCIAL OFFICER, Mick Gary completed a deal on Jun 09 to buy 5812.0 shares. Meanwhile, CHIEF FINANCIAL OFFICER Mick Gary bought 1500.0 shares on May 26.
