While Six Flags Entertainment Corp has underperformed by -1.31%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, FUN rose by 17.89%, with highs and lows ranging from $58.70 to $35.93, whereas the simple moving average jumped by 6.13% in the last 200 days.
On October 29, 2024, Guggenheim started tracking Six Flags Entertainment Corp (NYSE: FUN) recommending Buy. A report published by Oppenheimer on October 15, 2024, Reiterated its previous ‘Outperform’ rating for FUN. JP Morgan also rated FUN shares as ‘Underweight’, setting a target price of $50 on the company’s shares in an initiating report dated August 06, 2024. Macquarie Initiated an Outperform rating on July 18, 2024, and assigned a price target of $64. Stifel initiated its ‘Buy’ rating for FUN, as published in its report on July 12, 2024. Truist’s report from July 09, 2024 suggests a price prediction of $62 for FUN shares, giving the stock a ‘Buy’ rating. Mizuho also rated the stock as ‘Buy’.
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Analysis of Six Flags Entertainment Corp (FUN)
Further, the quarter-over-quarter increase in sales is 60.14%, showing a positive trend in the upcoming months.
One of the most important indicators of Six Flags Entertainment Corp’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of 2.61% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.32, 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.
For any stock, average volume can also provide valuable insight into volatility, and FUN is recording 1.65M average volume. On a monthly basis, the volatility of the stock is set at 3.53%, whereas on a weekly basis, it is put at 2.76%, with a gain of 1.10% over the past seven days. Furthermore, long-term investors anticipate a median target price of $54.58, showing growth from the present price of $45.94, 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?
Along with the fundamentals, it is also important to consider how many employees own shares of the company. 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 92.80% 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 92.80% at present.
