A share price of Traeger Inc [COOK] is currently trading at $3.92, up 8.59%. An important factor to consider is whether the stock is rising or falling in short-term value. The COOK shares have gain 17.37% over the last week, with a monthly amount glided 58.06%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Traeger Inc [NYSE: COOK] stock has seen the most recent analyst activity on May 09, 2024, when Telsey Advisory Group reiterated its Outperform rating and also revised its price target to $4 from $4.50. Previously, Telsey Advisory Group reaffirmed its Outperform rating on March 08, 2024, and dropped its price target to $4.50. On December 12, 2023, B. Riley Securities initiated with a Buy rating and assigned a price target of $3.50 on the stock. Morgan Stanley downgraded its rating to a Underweight but stick to its price target of $3 on September 27, 2023. Telsey Advisory Group upgraded its rating to a Outperform and raised its price target to $6.50 on August 03, 2023. In a note dated March 15, 2023, Piper Sandler downgraded an Neutral rating on this stock and revised its target price from $6 to $4.
Traeger Inc experienced fluctuations in its stock price throughout the past year between $1.97 and $4.62. Currently, Wall Street analysts expect the stock to reach $3.75 within the next 12 months. Traeger Inc [NYSE: COOK] shares were valued at $3.92 at the most recent close of the market. An investor can expect a potential drop of -4.34% based on the average COOK price forecast.
Analyzing the COOK fundamentals
Trailing Twelve Months sales for Traeger Inc [NYSE:COOK] were 594.59M which represents -1.77% decline. Gross Profit Margin for this corporation currently stands at 0.36% with Operating Profit Margin at -0.03%, Pretax Profit Margin comes in at -0.08%, and Net Profit Margin reading is -0.09%. To continue investigating profitability, this company’s Return on Assets is posted at -0.06, Equity is -0.17 and Total Capital is -0.02. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.43.
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 3.72 points at the first support level, and at 3.51 for the second support level. However, for the 1st resistance point, the stock is sitting at 4.04, and for the 2nd resistance point, it is at 4.16.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Traeger Inc [NYSE:COOK] is 2.04. On the other hand, the Quick Ratio is 1.21, and the Cash Ratio is 0.16. Considering the valuation of this stock, the price to sales ratio is 0.85, the price to book ratio is 1.70.
Transactions by insiders
Recent insider trading involved ANDRUS JEREMY, Chief Executive Officer, that happened on May 23 ’24 when 0.23 million shares were purchased. Chief Executive Officer, ANDRUS JEREMY completed a deal on May 22 ’24 to buy 0.17 million shares. Meanwhile, Chief Executive Officer ANDRUS JEREMY bought 63323.0 shares on May 21 ’24.
