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In the latest session, Simply Good Foods Co (NASDAQ: SMPL) closed at $31.78 down -1.21% from its previous closing price of $32.17. In other words, the price has decreased by -$1.21 from its previous closing price. On the day, 0.96 million shares were traded. SMPL stock price reached its highest trading level at $32.235 during the session, while it also had its lowest trading level at $31.52.
Ratios:
For a deeper understanding of Simply Good Foods Co’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 15.25 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 14.24. 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:
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 Jul 31 ’24 when Heflin Stuart E. Jr. sold 1,058 shares for $34.44 per share. The transaction valued at 36,438 led to the insider holds 19,319 shares of the business.
Heflin Stuart E. Jr. bought 1,058 shares of SMPL for $36,438 on Jul 31 ’24. On May 10 ’24, another insider, WHITE JAMES D, who serves as the Director of the company, sold 4,000 shares for $38.17 each. As a result, the insider received 152,671 and left with 17,027 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 3221379840 and an Enterprise Value of 3250561536. As of this moment, Simply’s Price-to-Earnings (P/E) ratio for their current fiscal year is 21.92, and their Forward P/E ratio for the next fiscal year is 16.37. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.53. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.49 while its Price-to-Book (P/B) ratio in mrq is 1.88. Its current Enterprise Value per Revenue stands at 2.547 whereas that against EBITDA is 13.479.
Stock Price History:
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 -7.99%, while the 200-Day Moving Average is calculated to be -12.65%.
Shares Statistics:
For the past three months, SMPL has traded an average of 859.94K shares per day and 840150 over the past ten days. A total of 99.56M shares are outstanding, with a floating share count of 90.60M. Insiders hold about 9.52% of the company’s shares, while institutions hold 89.40% stake in the company. Shares short for SMPL as of 1723680000 were 3641552 with a Short Ratio of 4.23, compared to 1721001600 on 2884718. Therefore, it implies a Short% of Shares Outstanding of 3641552 and a Short% of Float of 5.5.
