As of close of business last night, SharkNinja Inc.’s stock clocked out at $62.51, down -0.70% from its previous closing price of $62.95. In other words, the price has decreased by -$0.44 from its previous closing price. On the day, 670896 shares were traded.
Ratios:
To gain a deeper understanding of SN’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 56.73 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 55.37. For the most recent quarter (mrq), Quick Ratio is recorded 1.06 and its Current Ratio is at 1.69. In the meantime, Its Debt-to-Equity ratio is 0.59 whereas as Long-Term Debt/Eq ratio is at 0.57.
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, JP Morgan on April 04, 2024, initiated with a Overweight rating and assigned the stock a target price of $70.
On February 05, 2024, Guggenheim started tracking the stock assigning a Buy rating and target price of $60.
On January 30, 2024, Morgan Stanley started tracking the stock assigning a Equal-Weight rating and target price of $54.Morgan Stanley initiated its Equal-Weight rating on January 30, 2024, with a $54 target price.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SN now has a Market Capitalization of 8.74B and an Enterprise Value of 9.46B. As of this moment, SharkNinja’s Price-to-Earnings (P/E) ratio for their current fiscal year is 52.14, and their Forward P/E ratio for the next fiscal year is 16.03. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.05 while its Price-to-Book (P/B) ratio in mrq is 5.88. Its current Enterprise Value per Revenue stands at 2.22 whereas that against EBITDA is 21.40.
Stock Price History:
Over the past 52 weeks, SN has reached a high of $65.61, while it has fallen to a 52-week low of $25.24. The 50-Day Moving Average of the stock is 56.16, while the 200-Day Moving Average is calculated to be 46.80.
Shares Statistics:
It appears that SN traded 1.03M shares on average per day over the past three months and 927.61k shares per day over the past ten days. A total of 139.08M shares are outstanding, with a floating share count of 61.37M. Insiders hold about 56.11% of the company’s shares, while institutions hold 40.78% stake in the company. Shares short for SN as of Mar 28, 2024 were 1.57M with a Short Ratio of 1.53, compared to 1.52M on Feb 29, 2024.
Earnings Estimates
As of right now, 7 analysts gave their recommendation on the stock of the company. The consensus estimate for the next quarter is $0.57, with high estimates of $0.64 and low estimates of $0.53.
Analysts are recommending an EPS of between $3.64 and $3.49 for the fiscal current year, implying an average EPS of $3.55. EPS for the following year is $3.93, with 8 analysts recommending between $4.19 and $3.75.
Revenue Estimates
In the current quarter, 6 analysts expect revenue to total $948.47M. It ranges from a high estimate of $956M to a low estimate of $940M. As of the current estimate, SharkNinja Inc.’s year-ago sales were $855.28M, an estimated increase of 10.90% from the year-ago figure. For the next quarter, 6 analysts are estimating revenue of $1.01B, an increase of 5.90% less than the figure of $10.90% in the same quarter last year. There is a high estimate of $1.01B for the next quarter, whereas the lowest estimate is $987.97M.
A total of 8 analysts have provided revenue estimates for SN’s current fiscal year. The highest revenue estimate was $4.55B, while the lowest revenue estimate was $4.51B, resulting in an average revenue estimate of $4.54B. In the same quarter a year ago, actual revenue was $4.25B, up 6.60% from the average estimate. Based on 8 analysts’ estimates, the company’s revenue will be $4.86B in the next fiscal year. The high estimate is $4.9B and the low estimate is $4.79B. The average revenue growth estimate for next year is up 7.00% from the average revenue estimate for this year.
