A share price of Six Flags Entertainment Corp [SIX] is currently trading at $24.33, up 2.27%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The SIX shares have lost -3.57% over the last week, with a monthly amount drifted -5.62%, and not seem to be holding up well over a long-time horizon.
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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 experienced fluctuations in its stock price throughout the past year between $18.29 and $28.99. Currently, Wall Street analysts expect the stock to reach $39.29 within the next 12 months. Six Flags Entertainment Corp [NYSE: SIX] shares were valued at $24.33 at the most recent close of the market. An investor can expect a potential return of 61.49% based on the average SIX price forecast.
Analyzing the SIX fundamentals
Trailing Twelve Months sales for Six Flags Entertainment Corp [NYSE:SIX] were 1.43B which represents 4.53% growth. 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 23.59 points at the first support level, and at 22.85 for the second support level. However, for the 1st resistance point, the stock is sitting at 24.70, and for the 2nd resistance point, it is at 25.07.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Six Flags Entertainment Corp [NYSE:SIX] is 0.43. Further, the Quick Ratio stands at 0.32, while the Cash Ratio is 0.12. Considering the valuation of this stock, the price to sales ratio is 1.44 and price to earnings (TTM) ratio is 53.01.
Transactions by insiders
Recent insider trading involved Williams-Ramey Aimee, Former Chief Legal Officer, that happened on Sep 08 ’23 when 11630.0 shares were sold. CHIEF FINANCIAL OFFICER, Mick Gary completed a deal on Jun 09 ’23 to buy 5812.0 shares. Meanwhile, CHIEF FINANCIAL OFFICER Mick Gary bought 1500.0 shares on May 26 ’23.
