While Six Flags Entertainment Corp. has underperformed by -4.70%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, FUN rose by 1.42%, with highs and lows ranging from $58.70 to $34.04, whereas the simple moving average fell by -13.63% in the last 200 days.
On August 06, 2024, JP Morgan started tracking Six Flags Entertainment Corp. (NYSE: FUN) recommending Underweight. Stifel also rated FUN shares as ‘Buy’, setting a target price of $68 on the company’s shares in an initiating report dated July 12, 2024. Truist Initiated an Buy rating on July 09, 2024, and assigned a price target of $62. Mizuho initiated its ‘Buy’ rating for FUN, as published in its report on March 26, 2024. Oppenheimer’s report from February 08, 2024 suggests a price prediction of $49 for FUN shares, giving the stock a ‘Outperform’ rating. Citigroup also rated the stock as ‘Buy’.
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Analysis of Six Flags Entertainment Corp. (FUN)
A return on investment can be expected regardless of FUN’s performance over the next quarter with the dividend set at $0.90 per share. Further, the quarter-over-quarter increase in sales is 14.10%, showing a positive trend in the upcoming months.
To gain a thorough understanding of Six Flags Entertainment Corp.’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. Taking into account the quick ratio of the company, currently set at 0.39, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and FUN is recording an average volume of 1.82M. On a monthly basis, the volatility of the stock is set at 3.38%, whereas on a weekly basis, it is put at 3.66%, with a loss of -3.81% over the past seven days. Furthermore, long-term investors anticipate a median target price of $58.00, showing growth from the present price of $37.08, which can serve as yet another indication of whether FUN is worth investing in or should be passed over.
How Do You Analyze Six Flags Entertainment Corp. Shares?
A leading company in the Leisure sector, Six Flags Entertainment Corp. (FUN) is based in the USA. When comparing Six Flags Entertainment Corp. shares with other companies under Consumer Cyclical, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 15.05, there is a growth in quarterly earnings of 3.72%.
The number of employees owning shares of the company should also be considered in addition to the fundamentals. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 4.68%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 32.95% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
FUN shares are owned by institutional investors to the tune of 32.95% at present.
