Noodles & Company [NDLS] stock prices are up 24.28% to $2.15 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The NDLS shares have gain 37.82% over the last week, with a monthly amount glided 43.33%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Noodles & Company [NASDAQ: NDLS] stock has seen the most recent analyst activity on March 12, 2024, when The Benchmark Company reiterated its Buy rating and also revised its price target to $4 from $5. Previously, The Benchmark Company reaffirmed its Buy rating on August 11, 2023, and dropped its price target to $5. On July 05, 2023, The Benchmark Company reiterated its Buy rating and revised its price target to $6 on the stock. Stephens downgraded its rating to a Equal-Weight and decreased its price target to $5 on May 19, 2023. Stephens initiated its recommendation with a Overweight and recommended $7 as its price target on September 23, 2022. Piper Sandler downgraded its rating to Neutral for this stock on March 18, 2022, and downed its price target to $7. In a note dated November 12, 2021, The Benchmark Company initiated an Buy rating and provided a target price of $15 on this stock.
The stock price of Noodles & Company [NDLS] has been fluctuating between $1.11 and $4.95 over the past year. Currently, Wall Street analysts expect the stock to reach $6 within the next 12 months. Noodles & Company [NASDAQ: NDLS] shares were valued at $2.15 at the most recent close of the market. An investor can expect a potential return of 179.07% based on the average NDLS price forecast.
Analyzing the NDLS fundamentals
The Noodles & Company [NASDAQ:NDLS] reported sales of 498.72M for trailing twelve months, representing a drop of -3.71%. Gross Profit Margin for this corporation currently stands at 0.15% with Operating Profit Margin at 0.0%, Pretax Profit Margin comes in at -0.02%, and Net Profit Margin reading is -0.02%. To continue investigating profitability, this company’s Return on Assets is posted at -0.03, Equity is -0.3 and Total Capital is 0.0. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 4.15.
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 1.8500 points at the first support level, and at 1.5600 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.3100, and for the 2nd resistance point, it is at 2.4800.
Noodles & Company [NDLS] reported earnings per share of -$0.07 for its fiscal quarter that ended on 12/31/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.01/share, meaning a difference of -$0.06 and a surprise factor of -600.00%. By comparison, the stated earnings for the previous quarter ended on 9/30/2023 were $0.04 per share as compared to estimates of -$0.01 per share, a difference of $0.05 representing a surprise of 500.00%.
Ratios To Look Out For
It’s worth pointing out that Noodles & Company [NASDAQ:NDLS]’s Current Ratio is 0.31. In addition, the Quick Ratio stands at 0.17 and the Cash Ratio stands at 0.04. Considering the valuation of this stock, the price to sales ratio is 0.19, the price to book ratio is 4.45.
Transactions by insiders
Recent insider trading involved Kline Corey, EVP – Technology, that happened on Jun 02 ’23 when 2900.0 shares were purchased. Chief Operating Officer, WEST THOMAS B completed a deal on May 15 ’23 to buy 2000.0 shares.
