At the time of writing, Noodles & Company [NDLS] stock is trading at $0.86, up 19.20%. An important factor to consider is whether the stock is rising or falling in short-term value. The NDLS shares have gain 24.38% over the last week, with a monthly amount glided 20.04%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Noodles & Company [NASDAQ: NDLS] stock has seen the most recent analyst activity on March 12, 2024, when The Benchmark Company reiterated its Buy rating and also revised its price target to $4 from $5. Previously, The Benchmark Company reaffirmed its Buy rating on August 11, 2023, and dropped its price target to $5. On July 05, 2023, The Benchmark Company reiterated its Buy rating and revised its price target to $6 on the stock. Stephens downgraded its rating to a Equal-Weight and decreased its price target to $5 on May 19, 2023. Stephens initiated its recommendation with a Overweight and recommended $7 as its price target on September 23, 2022. Piper Sandler downgraded its rating to Neutral for this stock on March 18, 2022, and downed its price target to $7. In a note dated November 12, 2021, The Benchmark Company initiated an Buy rating and provided a target price of $15 on this stock.
For the past year, the stock price of Noodles & Company fluctuated between $0.55 and $2.81. Currently, Wall Street analysts expect the stock to reach $6 within the next 12 months. Noodles & Company [NASDAQ: NDLS] shares were valued at $0.86 at the most recent close of the market. An investor can expect a potential return of 597.67% based on the average NDLS price forecast.
Analyzing the NDLS fundamentals
According to Noodles & Company [NASDAQ:NDLS], the company’s sales were 495.82M for trailing twelve months, which represents an -3.99% plunge. Gross Profit Margin for this corporation currently stands at 0.11% with Operating Profit Margin at -0.01%, Pretax Profit Margin comes in at -0.07%, and Net Profit Margin reading is -0.07%. To continue investigating profitability, this company’s Return on Assets is posted at -0.1, Equity is -2.09 and Total Capital is -0.03. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of77.34.
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 0.7639 points at the first support level, and at 0.6647 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.9182, and for the 2nd resistance point, it is at 0.9733.
Ratios To Look Out For
It is important to note that Noodles & Company [NASDAQ:NDLS] has a current ratio of 0.31. On the other hand, the Quick Ratio is 0.17, and the Cash Ratio is 0.04. Considering the valuation of this stock, the price to sales ratio is 0.08, the price to book ratio is 10.56.
