SharkNinja Inc. [SN] stock is trading at $107.94, down -0.71%. An important factor to consider is whether the stock is rising or falling in short-term value. The SN shares have gain 1.46% over the last week, with a monthly amount glided 12.65%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
SharkNinja Inc. [NYSE: SN] stock has seen the most recent analyst activity on October 01, 2024, when Oppenheimer initiated its Outperform rating and assigned the stock a price target of $120. On May 16, 2024, BofA Securities initiated with a Buy rating and assigned a price target of $90 on the stock. UBS started tracking the stock assigning a Buy rating and suggested a price target of $76 on April 15, 2024. JP Morgan initiated its recommendation with a Overweight and recommended $70 as its price target on April 04, 2024. Guggenheim started tracking with a Buy rating for this stock on February 05, 2024, and assigned it a price target of $60. In a note dated January 30, 2024, Morgan Stanley initiated an Equal-Weight rating and provided a target price of $54 on this stock.
SharkNinja Inc. [SN] stock has fluctuated between $37.79 and $108.99 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 $107.94 at the most recent close of the market. An investor can expect a potential drop of -6.27% 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 106.42 points at the first support level, and at 104.91 for the second support level. However, for the 1st resistance point, the stock is sitting at 109.71, and for the 2nd resistance point, it is at 111.49.
Ratios To Look Out For
For context, SharkNinja Inc.’s Current Ratio is 1.71. On the other hand, the Quick Ratio is 1.04, and the Cash Ratio is 0.11. Considering the valuation of this stock, the price to sales ratio is 3.17, the price to book ratio is 9.18 and price to earnings (TTM) ratio is 61.74.
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.
