Six Flags Entertainment Corp. [FUN] stock is trading at $47.04, down -1.24%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The FUN shares have gain 0.88% over the last week, with a monthly amount drifted -14.30%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Mizuho started tracking the stock assigning a Buy rating and suggested a price target of $56 on March 26, 2024. Oppenheimer initiated its recommendation with a Outperform and recommended $49 as its price target on February 08, 2024. Citigroup upgraded its rating to Buy for this stock on November 03, 2023, and upped its price target to $46. In a note dated July 07, 2023, Citigroup downgraded an Neutral rating on this stock and revised its target price from $50 to $41.
Six Flags Entertainment Corp. [FUN] stock has fluctuated between $34.04 and $58.70 over the past year. Currently, Wall Street analysts expect the stock to reach $54.91 within the next 12 months. Six Flags Entertainment Corp. [NYSE: FUN] shares were valued at $47.04 at the most recent close of the market. An investor can expect a potential return of 16.73% based on the average FUN price forecast.
Analyzing the FUN fundamentals
Six Flags Entertainment Corp. [NYSE:FUN] reported sales of 1.82B for the trailing twelve months, which represents a growth of 20.18%. Gross Profit Margin for this corporation currently stands at 0.71% with Operating Profit Margin at 0.19%, Pretax Profit Margin comes in at 0.09%, and Net Profit Margin reading is 0.07%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is -0.27 and Total Capital is 0.18. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -3.4.
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 45.62 points at the first support level, and at 44.20 for the second support level. However, for the 1st resistance point, the stock is sitting at 48.49, and for the 2nd resistance point, it is at 49.93.
Ratios To Look Out For
For context, Six Flags Entertainment Corp.’s Current Ratio is 0.45. As well, the Quick Ratio is 0.32, while the Cash Ratio is 0.08. Considering the valuation of this stock, the price to sales ratio is 2.60 and price to earnings (TTM) ratio is 19.39.
