Is Traeger Inc. (NYSE:COOK) an excellent stock to buy at the moment?

After finishing at $3.73 in the prior trading day, Traeger Inc. (NYSE: COOK) closed at $3.39, down -9.12%. In other words, the price has decreased by -$0.3400 from its previous closing price. On the day, 634944 shares were traded. COOK stock price reached its highest trading level at $3.7100 during the session, while it also had its lowest trading level at $3.3700.

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Our goal is to gain a better understanding of COOK by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.70 and its Current Ratio is at 2.10. In the meantime, Its Debt-to-Equity ratio is 1.23 whereas as Long-Term Debt/Eq ratio is at 1.19.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Canaccord Genuity on November 17, 2022, initiated with a Buy rating and assigned the stock a target price of $6.

Robert W. Baird Downgraded its Outperform to Neutral on August 11, 2022, whereas the target price for the stock was revised from $7 to $4.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Oct 17 when ANDRUS JEREMY bought 148,878 shares for $2.90 per share. The transaction valued at 431,151 led to the insider holds 9,123,599 shares of the business.

ANDRUS JEREMY bought 58,221 shares of COOK for $173,691 on Sep 08. The Chief Executive Officer now owns 8,974,721 shares after completing the transaction at $2.98 per share. On Sep 07, another insider, ANDRUS JEREMY, who serves as the Chief Executive Officer of the company, bought 10,423 shares for $2.80 each. As a result, the insider paid 29,236 and bolstered with 8,916,500 shares of the company.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 0.63 while its Price-to-Book (P/B) ratio in mrq is 1.12.

Stock Price History:

Over the past 52 weeks, COOK has reached a high of $15.49, while it has fallen to a 52-week low of $2.52. The 50-Day Moving Average of the stock is 3.3842, while the 200-Day Moving Average is calculated to be 5.2000.

Shares Statistics:

The stock has traded on average 954.66K shares per day over the past 3-months and 807.93k shares per day over the last 10 days, according to various share statistics. A total of 119.92M shares are outstanding, with a floating share count of 110.12M. Insiders hold about 9.40% of the company’s shares, while institutions hold 85.70% stake in the company. Shares short for COOK as of Oct 13, 2022 were 7.76M with a Short Ratio of 7.75M, compared to 6.47M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 6.57% and a Short% of Float of 24.42%.

Earnings Estimates

Its stock is currently analyzed by 9 different market analysts. On average, analysts expect EPS of -$0.2 for the current quarter, with a high estimate of -$0.13 and a low estimate of -$0.27, while EPS last year was -$0.06. The consensus estimate for the next quarter is -$0.1, with high estimates of $0.05 and low estimates of -$0.23.

Analysts are recommending an EPS of between $0.13 and -$0.22 for the fiscal current year, implying an average EPS of -$0.09. EPS for the following year is $0.15, with 8 analysts recommending between $0.32 and -$0.11.

Revenue Estimates

9 analysts predict $86.81M in revenue for the current quarter. It ranges from a high estimate of $94M to a low estimate of $81M. As of the current estimate, Traeger Inc.’s year-ago sales were $162.02M, an estimated decrease of -46.40% from the year-ago figure. For the next quarter, 9 analysts are estimating revenue of $135.88M, a decrease of -22.30% over than the figure of -$46.40% in the same quarter last year. There is a high estimate of $144.2M for the next quarter, whereas the lowest estimate is $125M.

A total of 10 analysts have provided revenue estimates for COOK’s current fiscal year. The highest revenue estimate was $656.84M, while the lowest revenue estimate was $640M, resulting in an average revenue estimate of $647.65M. In the same quarter a year ago, actual revenue was $785.54M, down -17.60% from the average estimate. Based on 10 analysts’ estimates, the company’s revenue will be $688.45M in the next fiscal year. The high estimate is $747M and the low estimate is $647.5M. The average revenue growth estimate for next year is up 6.30% from the average revenue estimate for this year.