Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
Simply Good Foods Co (NASDAQ: SMPL) closed the day trading at $37.04 down -6.23% from the previous closing price of $39.50. In other words, the price has decreased by -$6.23 from its previous closing price. On the day, 1.84 million shares were traded. SMPL stock price reached its highest trading level at $39.605 during the session, while it also had its lowest trading level at $36.95.
Ratios:
For a better understanding of SMPL, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 28.59 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 18.21. For the most recent quarter (mrq), Quick Ratio is recorded 2.75 and its Current Ratio is at 4.05. In the meantime, Its Debt-to-Equity ratio is 0.25 whereas as Long-Term Debt/Eq ratio is at 0.25.
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, TD Cowen on April 22, 2024, initiated with a Hold rating and assigned the stock a target price of $34.
On January 02, 2024, Deutsche Bank Downgraded its rating to Hold which previously was Buy and also upped its target price recommendation from $41 to $42.
On December 08, 2023, DA Davidson started tracking the stock assigning a Neutral rating and target price of $42.DA Davidson initiated its Neutral rating on December 08, 2023, with a $42 target price.
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 Nov 18 ’24 when KRAFT TIMOTHY RICHARD sold 76,761 shares for $37.60 per share. The transaction valued at 2,886,229 led to the insider holds 40,068 shares of the business.
KRAFT TIMOTHY RICHARD bought 76,761 shares of SMPL for $2,840,157 on Nov 18 ’24. On Nov 14 ’24, another insider, Ratzan Brian K., who serves as the Director of the company, sold 50,000 shares for $37.38 each. As a result, the insider received 1,869,005 and left with 2,049,387 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SMPL now has a Market Capitalization of 3990578688 and an Enterprise Value of 4016984320. As of this moment, Simply’s Price-to-Earnings (P/E) ratio for their current fiscal year is 26.92, and their Forward P/E ratio for the next fiscal year is 17.53. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.73. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.85 while its Price-to-Book (P/B) ratio in mrq is 2.15. Its current Enterprise Value per Revenue stands at 3.017 whereas that against EBITDA is 16.087.
Stock Price History:
The Beta on a monthly basis for SMPL is 0.65, which has changed by -0.044508934 over the last 52 weeks, in comparison to a change of 0.24933672 over the same period for the S&P500. Over the past 52 weeks, SMPL has reached a high of $43.00, while it has fallen to a 52-week low of $30.00. The 50-Day Moving Average of the stock is -1.96%, while the 200-Day Moving Average is calculated to be 4.61%.
Shares Statistics:
Over the past 3-months, SMPL traded about 842.17K shares per day on average, while over the past 10 days, SMPL traded about 774050 shares per day. A total of 100.15M shares are outstanding, with a floating share count of 92.27M. Insiders hold about 8.67% of the company’s shares, while institutions hold 91.21% stake in the company. Shares short for SMPL as of 1734048000 were 4180358 with a Short Ratio of 4.96, compared to 1731628800 on 3834498. Therefore, it implies a Short% of Shares Outstanding of 4180358 and a Short% of Float of 6.16.
