In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
In the latest session, Simply Good Foods Co (NASDAQ: SMPL) closed at $32.41 down -1.01% from its previous closing price of $32.74. In other words, the price has decreased by -$1.01 from its previous closing price. On the day, 0.63 million shares were traded. SMPL stock price reached its highest trading level at $32.93 during the session, while it also had its lowest trading level at $32.151.
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 23.85 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 16.41. For the most recent quarter (mrq), Quick Ratio is recorded 3.09 and its Current Ratio is at 4.20. In the meantime, Its Debt-to-Equity ratio is 0.17 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 the company, Deutsche Bank on January 02, 2024, Downgraded its rating to Hold and sets its target price to $42 from $41 previously.
On December 08, 2023, DA Davidson started tracking the stock assigning a Neutral rating and target price of $42.
Morgan Stanley Upgraded its Equal-Weight to Overweight on September 18, 2023, whereas the target price for the stock was revised from $37 to $40.
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 Jan 25 ’24 when Montgomery Robert G. sold 2,500 shares for $39.36 per share. The transaction valued at 98,400 led to the insider holds 52,738 shares of the business.
Hunsberger Susan sold 35,010 shares of SMPL for $1,422,369 on Jan 11 ’24. The SVP and Chief HR Officer now owns 30,768 shares after completing the transaction at $40.63 per share. On Jan 08 ’24, another insider, Heflin Stuart E. Jr., who serves as the SVP & General Manager, Quest of the company, sold 1,048 shares for $40.45 each. As a result, the insider received 42,396 and left with 21,084 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 3240643584 and an Enterprise Value of 3383589376. As of this moment, Simply’s Price-to-Earnings (P/E) ratio for their current fiscal year is 23.27, and their Forward P/E ratio for the next fiscal year is 16.64. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.94. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.56 while its Price-to-Book (P/B) ratio in mrq is 1.97. Its current Enterprise Value per Revenue stands at 2.672 whereas that against EBITDA is 14.439.
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 -5.08%, while the 200-Day Moving Average is calculated to be -11.09%.
Shares Statistics:
For the past three months, SMPL has traded an average of 939.66K shares per day and 1000520 over the past ten days. A total of 99.56M shares are outstanding, with a floating share count of 90.63M. Insiders hold about 9.36% of the company’s shares, while institutions hold 88.86% stake in the company. Shares short for SMPL as of 1711584000 were 2965857 with a Short Ratio of 3.16, compared to 1709164800 on 4247881. Therefore, it implies a Short% of Shares Outstanding of 2965857 and a Short% of Float of 4.4899996.
Earnings Estimates
The stock of Simply Good Foods Co (SMPL) is currently being evaluated by SPPL analysts who are actively contributing to its market rating.The consensus estimate for the next quarter is $27.81, with high estimates of $0.46 and low estimates of $9.46.
Analysts are recommending an EPS of between $Consumer Defensive and $Technology for the fiscal current year, implying an average EPS of $Energy.
