In the latest session, Traeger Inc. (NYSE: COOK) closed at $3.04 up 2.36% from its previous closing price of $2.97. In other words, the price has increased by $+0.0700 from its previous closing price. On the day, 661187 shares were traded. COOK stock price reached its highest trading level at $3.0704 during the session, while it also had its lowest trading level at $2.9250.
For a deeper understanding of Traeger Inc.’s stock, let’s take a closer look at its various 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 the company, RBC Capital Mkts on January 03, 2023, Downgraded its rating to Sector Perform and sets its target price to $3 from $4 previously.
On November 17, 2022, Canaccord Genuity started tracking the stock assigning a Buy rating and target price of $6.Canaccord Genuity initiated its Buy rating on November 17, 2022, with a $6 target price.
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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.
For the stock, the TTM Price-to-Sale (P/S) ratio is 0.50 while its Price-to-Book (P/B) ratio in mrq is 1.00.
Stock Price History:
Over the past 52 weeks, COOK has reached a high of $10.74, while it has fallen to a 52-week low of $2.48. The 50-Day Moving Average of the stock is 3.1708, while the 200-Day Moving Average is calculated to be 3.9686.
For the past three months, COOK has traded an average of 628.95K shares per day and 405.54k over the past ten days. A total of 119.92M shares are outstanding, with a floating share count of 110.15M. Insiders hold about 9.30% of the company’s shares, while institutions hold 85.60% stake in the company. Shares short for COOK as of Oct 13, 2022 were 7.76M with a Short Ratio of 5.62M, 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%.
There are 9 different market analysts currently analyzing its stock. 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.
A total of 9 analysts believe the company’s revenue will be $86.81M this 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.