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The price of Simply Good Foods Co (NASDAQ: SMPL) closed at $37.21 in the last session, up 0.54% from day before closing price of $37.01. In other words, the price has increased by $0.54 from its previous closing price. On the day, 1.46 million shares were traded. SMPL stock price reached its highest trading level at $37.87 during the session, while it also had its lowest trading level at $36.715.
Ratios:
We take a closer look at SMPL’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 17.86 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 16.67. For the most recent quarter (mrq), Quick Ratio is recorded 4.05 and its Current Ratio is at 5.19. In the meantime, Its Debt-to-Equity ratio is 0.16 whereas as Long-Term Debt/Eq ratio is at 0.16.
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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on May 10 ’24 when WHITE JAMES D sold 4,000 shares for $38.17 per share. The transaction valued at 152,671 led to the insider holds 17,027 shares of the business.
Montgomery Robert G. sold 2,500 shares of SMPL for $98,400 on Jan 25 ’24. The Director now owns 52,738 shares after completing the transaction at $39.36 per share. On Jan 11 ’24, another insider, Hunsberger Susan, who serves as the SVP and Chief HR Officer of the company, sold 35,010 shares for $40.63 each. As a result, the insider received 1,422,369 and left with 30,768 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 3726060544 and an Enterprise Value of 3794299136. As of this moment, Simply’s Price-to-Earnings (P/E) ratio for their current fiscal year is 25.66, and their Forward P/E ratio for the next fiscal year is 19.15. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.96. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.92 while its Price-to-Book (P/B) ratio in mrq is 2.20. Its current Enterprise Value per Revenue stands at 2.973 whereas that against EBITDA is 15.733.
Stock Price History:
The Beta on a monthly basis for SMPL is 0.61, which has changed by -0.013782144 over the last 52 weeks, in comparison to a change of 0.22226071 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 0.80%, while the 200-Day Moving Average is calculated to be 1.63%.
Shares Statistics:
According to the various share statistics, SMPL traded on average about 810.00K shares per day over the past 3-months and 946874 shares per day over the past 10 days. A total of 99.56M shares are outstanding, with a floating share count of 90.62M. Insiders hold about 9.51% of the company’s shares, while institutions hold 88.30% stake in the company. Shares short for SMPL as of 1719532800 were 2836006 with a Short Ratio of 3.50, compared to 1717113600 on 2537802. Therefore, it implies a Short% of Shares Outstanding of 2836006 and a Short% of Float of 4.29.
