In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
Noodles & Company (NASDAQ: NDLS) closed the day trading at $0.82 down -5.65% from the previous closing price of $0.87. In other words, the price has decreased by -$5.65 from its previous closing price. On the day, 0.84 million shares were traded. NDLS stock price reached its highest trading level at $0.8755 during the session, while it also had its lowest trading level at $0.7645.
On March 12, 2024, The Benchmark Company reiterated its Buy rating and also upped its target price recommendation from $5 to $4.
The Benchmark Company reiterated its Buy rating for the stock on August 11, 2023, while the target price for the stock was revised from $6 to $5.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, NDLS now has a Market Capitalization of 38322516 and an Enterprise Value of 309725504. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.08. Its current Enterprise Value per Revenue stands at 0.627 whereas that against EBITDA is 16.768.
Stock Price History:
The Beta on a monthly basis for NDLS is 1.50, which has changed by 0.1917808 over the last 52 weeks, in comparison to a change of 0.13042927 over the same period for the S&P500. Over the past 52 weeks, NDLS has reached a high of $1.74, while it has fallen to a 52-week low of $0.55. The 50-Day Moving Average of the stock is 13.75%, while the 200-Day Moving Average is calculated to be -3.22%.
Shares Statistics:
Over the past 3-months, NDLS traded about 919.49K shares per day on average, while over the past 10 days, NDLS traded about 795620 shares per day. A total of 46.77M shares are outstanding, with a floating share count of 29.36M. Insiders hold about 37.24% of the company’s shares, while institutions hold 31.46% stake in the company. Shares short for NDLS as of 1764288000 were 959479 with a Short Ratio of 1.04, compared to 1761868800 on 1165537. Therefore, it implies a Short% of Shares Outstanding of 959479 and a Short% of Float of 2.4899999999999998.
Earnings Estimates
Its stock is currently analyzed by 2.0 different market analysts.
Analysts are recommending an EPS of between -$0.51 and -$0.58 for the fiscal current year, implying an average EPS of -$0.55. EPS for the following year is -$0.37, with 2.0 analysts recommending between -$0.33 and -$0.4.
Revenue Estimates
2 analysts predict $121.82M in revenue for. The current quarter. It ranges from a high estimate of $122.4M to a low estimate of $121.24M. As of. The current estimate, Noodles & Company’s year-ago sales were $121.77M
A total of 2 analysts have provided revenue estimates for NDLS’s current fiscal year. The highest revenue estimate was $494.7M, while the lowest revenue estimate was $493.55M, resulting in an average revenue estimate of $494.12M. In the same quarter a year ago, actual revenue was $493.27MBased on 2 analysts’ estimates, the company’s revenue will be $467.89M in the next fiscal year. The high estimate is $471M and the low estimate is $464.78M.
