SharkNinja Inc. [SN] stock is trading at $103.56, up 0.31%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The SN shares have gain 7.17% over the last week, with a monthly amount glided 13.30%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, BofA Securities started tracking the stock with Buy rating on May 16, 2024, and set its price target to $90. On April 15, 2024, UBS initiated with a Buy rating and assigned a price target of $76 on the stock. JP Morgan started tracking the stock assigning a Overweight rating and suggested a price target of $70 on April 04, 2024. Guggenheim initiated its recommendation with a Buy and recommended $60 as its price target on February 05, 2024. Morgan Stanley started tracking with a Equal-Weight rating for this stock on January 30, 2024, and assigned it a price target of $54. In a note dated November 28, 2023, Canaccord Genuity initiated an Buy rating and provided a target price of $61 on this stock.
SharkNinja Inc. [SN] stock has fluctuated between $37.79 and $104.13 over the past year. Currently, Wall Street analysts expect the stock to reach $101.17 within the next 12 months. SharkNinja Inc. [NYSE: SN] shares were valued at $103.56 at the most recent close of the market. An investor can expect a potential drop of -2.31% based on the average SN price forecast.
Analyzing the SN fundamentals
SharkNinja Inc. [NYSE:SN] reported sales of 4.76B for the trailing twelve months, which represents a growth of 31.39%. Gross Profit Margin for this corporation currently stands at 0.47% with Operating Profit Margin at 0.1%, Pretax Profit Margin comes in at 0.08%, and Net Profit Margin reading is 0.05%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.16 and Total Capital is 0.18. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.56.
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 102.70 points at the first support level, and at 101.84 for the second support level. However, for the 1st resistance point, the stock is sitting at 104.46, and for the 2nd resistance point, it is at 105.36.
Ratios To Look Out For
For context, SharkNinja Inc.’s Current Ratio is 1.71. As well, the Quick Ratio is 1.04, while the Cash Ratio is 0.11. Considering the valuation of this stock, the price to sales ratio is 3.04, the price to book ratio is 8.80 and price to earnings (TTM) ratio is 59.24.
Transactions by insiders
Recent insider trading involved WANG XUNING, Chairman and principal shareho, that happened on Sep 04 ’24 when 1.7 million shares were purchased. Officer, Neil Shah completed a deal on Aug 29 ’24 to buy 50000.0 shares. Meanwhile, Officer Neil Shah bought 50000.0 shares on Aug 28 ’24.
