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After finishing at $0.67 in the prior trading day, Noodles & Company (NASDAQ: NDLS) closed at $0.61, down -8.81%. In other words, the price has decreased by -$8.81 from its previous closing price. On the day, 0.74 million shares were traded. NDLS stock price reached its highest trading level at $0.67 during the session, while it also had its lowest trading level at $0.6032.
Ratios:
Our goal is to gain a better understanding of NDLS by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.17 and its Current Ratio is at 0.31. In the meantime, Its Debt-to-Equity ratio is 77.56 whereas as Long-Term Debt/Eq ratio is at 68.58.
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.
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 27909746 and an Enterprise Value of 313905728. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.05 while its Price-to-Book (P/B) ratio in mrq is 7.47. Its current Enterprise Value per Revenue stands at 0.633 whereas that against EBITDA is 12.114.
Stock Price History:
Over the past 52 weeks, NDLS has reached a high of $3.50, while it has fallen to a 52-week low of $0.60. The 50-Day Moving Average of the stock is -30.03%, while the 200-Day Moving Average is calculated to be -57.42%.
Shares Statistics:
The stock has traded on average 186.60K shares per day over the past 3-months and 212270 shares per day over the last 10 days, according to various share statistics. A total of 45.68M shares are outstanding, with a floating share count of 32.47M. Insiders hold about 28.91% of the company’s shares, while institutions hold 41.23% stake in the company. Shares short for NDLS as of 1734048000 were 757386 with a Short Ratio of 4.06, compared to 1731628800 on 729768. Therefore, it implies a Short% of Shares Outstanding of 757386 and a Short% of Float of 2.01.
