This is What Makes SharkNinja Inc. Stocks A Gamechanger?

SharkNinja Inc. [SN] stock is trading at $109.53, up 0.05%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The SN shares have gain 4.20% over the last week, with a monthly amount glided 2.95%, 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 $110.96 over the past year. Currently, Wall Street analysts expect the stock to reach $105.88 within the next 12 months. SharkNinja Inc. [NYSE: SN] shares were valued at $109.53 at the most recent close of the market. An investor can expect a potential drop of -3.33% 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 107.44 points at the first support level, and at 105.34 for the second support level. However, for the 1st resistance point, the stock is sitting at 112.14, and for the 2nd resistance point, it is at 114.74.

Ratios To Look Out For

For context, SharkNinja Inc.’s Current Ratio is 1.71. Further, the Quick Ratio stands at 1.04, while the Cash Ratio is 0.11. Considering the valuation of this stock, the price to sales ratio is 3.22, the price to book ratio is 9.31 and price to earnings (TTM) ratio is 62.65.

Transactions by insiders

Recent insider trading involved Barrocas Mark, Officer, that happened on Oct 23 ’24 when 1795.0 shares were purchased. Officer, Barrocas Mark completed a deal on Oct 22 ’24 to buy 9745.0 shares. Meanwhile, Officer Barrocas Mark bought 19689.0 shares on Oct 21 ’24.

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