The closing price of Noodles & Company (NASDAQ: NDLS) was $1.47 for the day, down -2.65% from the previous closing price of $1.51. On the day, 638879 shares were traded.
Ratios:
Our analysis of NDLS’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.18 and its Current Ratio is at 0.34. In the meantime, Its Debt-to-Equity ratio is 11.06 whereas as Long-Term Debt/Eq ratio is at 9.87.
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, The Benchmark Company on March 12, 2024, Reiterated its Buy rating but revised its target price to $4 from $5 previously.
On August 11, 2023, The Benchmark Company reiterated its Buy rating and also upped its target price recommendation from $6 to $5.
The Benchmark Company reiterated its Buy rating for the stock on July 05, 2023, while the target price for the stock was revised from $8 to $6.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Jun 02 ’23 when Kline Corey bought 2,900 shares for $3.41 per share. The transaction valued at 9,889 led to the insider holds 52,141 shares of the business.
WEST THOMAS B bought 2,000 shares of NDLS for $7,780 on May 15 ’23. The Chief Operating Officer now owns 155,323 shares after completing the transaction at $3.89 per share. On Apr 26 ’23, another insider, Mill Road Capital III, L.P., who serves as the 10% Owner of the company, bought 107,439 shares for $4.65 each. As a result, the insider paid 500,000 and bolstered with 1,245,943 shares of the company.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 0.13 while its Price-to-Book (P/B) ratio in mrq is 2.44.
Stock Price History:
Over the past 52 weeks, NDLS has reached a high of $5.29, while it has fallen to a 52-week low of $1.50.
Shares Statistics:
A total of 44.99M shares are outstanding, with a floating share count of 30.15M. Insiders hold about 33.00% of the company’s shares, while institutions hold 55.87% stake in the company.
Earnings Estimates
The firm’s stock currently is rated by Noodles & Company analysts.
EPS for the following year is $ETF, with Stocks analysts recommending between $Index and $Stocks.
