Freshpet Inc (FRPT) shares projected to rise by -2.65%

Freshpet Inc [FRPT] stock is trading at $128.12, down -0.91%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The FRPT shares have gain 4.93% over the last week, with a monthly amount glided 0.57%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Freshpet Inc [NASDAQ: FRPT] stock has seen the most recent analyst activity on May 23, 2024, when Redburn Atlantic upgraded its rating to a Buy but kept the price target unchanged to $168 for it. Previously, Deutsche Bank started tracking the stock with Buy rating on May 23, 2024, and set its price target to $150. On March 11, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $135 on the stock. Citigroup started tracking the stock assigning a Neutral rating and suggested a price target of $94 on February 01, 2024. Jefferies initiated its recommendation with a Hold and recommended $80 as its price target on December 19, 2023. Wells Fargo started tracking with a Overweight rating for this stock on December 12, 2023, and assigned it a price target of $90. In a note dated December 08, 2023, DA Davidson initiated an Buy rating and provided a target price of $104 on this stock.

Freshpet Inc [FRPT] stock has fluctuated between $54.60 and $136.35 over the past year. Currently, Wall Street analysts expect the stock to reach $124.73 within the next 12 months. Freshpet Inc [NASDAQ: FRPT] shares were valued at $128.12 at the most recent close of the market. An investor can expect a potential drop of -2.65% based on the average FRPT price forecast.

Analyzing the FRPT fundamentals

Freshpet Inc [NASDAQ:FRPT] reported sales of 875.14M for the trailing twelve months, which represents a growth of 28.32%. Gross Profit Margin for this corporation currently stands at 0.36% with Operating Profit Margin at 0.02%, Pretax Profit Margin comes in at 0.03%, 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 0.03 and Total Capital is 0.01. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.4.

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 126.88 points at the first support level, and at 125.63 for the second support level. However, for the 1st resistance point, the stock is sitting at 129.64, and for the 2nd resistance point, it is at 131.15.

Ratios To Look Out For

For context, Freshpet Inc’s Current Ratio is 4.50. As well, the Quick Ratio is 3.69, while the Cash Ratio is 2.8. Considering the valuation of this stock, the price to sales ratio is 7.10, the price to book ratio is 6.24 and price to earnings (TTM) ratio is 259.09.

Transactions by insiders

Recent insider trading involved Macchiaverna Stephen, EVP, Treasurer, that happened on Jun 05 ’24 when 6000.0 shares were sold. EVP, Treasurer, Macchiaverna Stephen completed a deal on May 14 ’24 to sell 5000.0 shares. Meanwhile, EVP, Treasurer Macchiaverna Stephen sold 6548.0 shares on May 10 ’24.

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