Six Flags Entertainment Corp [SIX] stock prices are down -3.44% to $32.00 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The SIX shares have gain 7.68% over the last week, with a monthly amount glided 38.94%, and 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 May 15, 2024, when Deutsche Bank downgraded its rating to a Hold and also revised its price target to $27 from $29. Previously, B. Riley Securities upgraded its rating to Buy on April 18, 2024, and elevated its price target to $31. On February 05, 2024, downgrade downgraded it’s rating to Neutral but maintained its price target of $30 on the stock. Morgan Stanley upgraded its rating to a Overweight and increased its price target to $32 on December 14, 2023. Rosenblatt downgraded its rating to a Neutral and reduced its price target to $25 on November 21, 2023. Jefferies upgraded its rating to Buy for this stock on November 20, 2023, and upped its price target to $32. In a note dated November 03, 2023, Citigroup upgraded an Buy rating on this stock and boosted its target price from $24 to $26.
The stock price of Six Flags Entertainment Corp [SIX] has been fluctuating between $16.60 and $34.06 over the past year. Currently, Wall Street analysts expect the stock to reach $39 within the next 12 months. Six Flags Entertainment Corp [NYSE: SIX] shares were valued at $32.00 at the most recent close of the market. An investor can expect a potential return of 21.88% based on the average SIX price forecast.
Analyzing the SIX fundamentals
The Six Flags Entertainment Corp [NYSE:SIX] reported sales of 1.42B for trailing twelve months, representing a drop of -6.26%. 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 0.06 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 31.42 points at the first support level, and at 30.84 for the second support level. However, for the 1st resistance point, the stock is sitting at 33.08, and for the 2nd resistance point, it is at 34.16.
Ratios To Look Out For
It’s worth pointing out that Six Flags Entertainment Corp [NYSE:SIX]’s Current Ratio is 0.36. Also, the Quick Ratio is 0.31, while the Cash Ratio stands at 0.12. Considering the valuation of this stock, the price to sales ratio is 1.90 and price to earnings (TTM) ratio is 101.36.
Transactions by insiders
Recent insider trading involved Sample Derek, Chief Accounting Officer, that happened on May 21 ’24 when 2300.0 shares were sold. Former Chief Legal Officer, Williams-Ramey Aimee completed a deal on Sep 08 ’23 to sell 11630.0 shares.
