At the time of writing, Simply Good Foods Co [SMPL] stock is trading at $35.05, down -2.26%. An important factor to consider is whether the stock is rising or falling in short-term value. The SMPL shares have lost -1.04% over the last week, with a monthly amount drifted -7.00%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Simply Good Foods Co [NASDAQ: SMPL] stock has seen the most recent analyst activity on April 22, 2024, when TD Cowen initiated its Hold rating and assigned the stock a price target of $34. Previously, Deutsche Bank downgraded its rating to Hold on January 02, 2024, and elevated its price target to $42. On December 08, 2023, DA Davidson initiated with a Neutral rating and assigned a price target of $42 on the stock. Morgan Stanley upgraded its rating to a Overweight and increased its price target to $40 on September 18, 2023. Needham started tracking with a Buy rating for this stock on December 14, 2022, and assigned it a price target of $42. In a note dated June 27, 2022, Stephens upgraded an Overweight rating on this stock and boosted its target price from $44 to $45.
For the past year, the stock price of Simply Good Foods Co fluctuated between $30.00 and $40.53. Currently, Wall Street analysts expect the stock to reach $39 within the next 12 months. Simply Good Foods Co [NASDAQ: SMPL] shares were valued at $35.05 at the most recent close of the market. An investor can expect a potential return of 11.27% based on the average SMPL price forecast.
Analyzing the SMPL fundamentals
According to Simply Good Foods Co [NASDAQ:SMPL], the company’s sales were 1.36B for trailing twelve months, which represents an 10.56% jump. Gross Profit Margin for this corporation currently stands at 0.38% with Operating Profit Margin at 0.16%, Pretax Profit Margin comes in at 0.14%, and Net Profit Margin reading is 0.1%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.08 and Total Capital is 0.09. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.2.
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 34.80 points at the first support level, and at 34.54 for the second support level. However, for the 1st resistance point, the stock is sitting at 35.53, and for the 2nd resistance point, it is at 36.00.
Ratios To Look Out For
It is important to note that Simply Good Foods Co [NASDAQ:SMPL] has a current ratio of 4.23. On the other hand, the Quick Ratio is 2.75, and the Cash Ratio is 1.16. Considering the valuation of this stock, the price to sales ratio is 2.60, the price to book ratio is 1.99 and price to earnings (TTM) ratio is 25.04.
Transactions by insiders
Recent insider trading involved KRAFT TIMOTHY RICHARD, Chf Legal & Corp. Affairs Of., that happened on Nov 18 ’24 when 76761.0 shares were sold. Officer, KRAFT TIMOTHY RICHARD completed a deal on Nov 18 ’24 to buy 76761.0 shares. Meanwhile, Director Ratzan Brian K. sold 50000.0 shares on Nov 14 ’24.
