Is Six Flags Entertainment Corporation (SIX) A Risky Investment?

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KOSK
KOSK

Six Flags Entertainment Corporation (NYSE:SIX) finished Wednesday with a subtraction of -$1.96 to close at $20.91, a downside of -8.57 percent. An average of 4,233,500 shares of common stock have been traded in the last five days. There was a fall of -$1.29 in the past week, and it reached a new high 7 times over the past 12 months. The last 20 days have seen an average of 3,058,305 shares traded, while the 50-day average volume stands at 3,874,020.

SIX stock has decreased by -7.44% in the last month. The company shares reached their 1-month lowest point of $20.80 on 09/21/22. With the stock rallying to its 52-week high on 02/10/22, shares of the company touched a low of $19.80 and a high of $47.24 in 52 weeks. It has reached a new high 3 times so far this year and lost -50.89% or -$21.67 in price. In spite of this, the price is down -55.74% from the 52-week high.


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Valuation Metrics

Six Flags Entertainment Corporation (SIX) has a trailing price-to-earnings (P/E) ratio of 13.49. The stock’s beta is 2.16. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.17, and the price-to-cash flow ratio at 13.82.

Financial Health

The quick ratio of Six Flags Entertainment Corporation for the three months ended June 29 was 0.30, and the current ratio was 0.40, indicating that the company is not able to meet its debt obligations. Its gross profit as reported stood at $1.37 billion compared to revenue of $1.5 billion.

Earnings Surprise

For the three-month period that ended June 29, Six Flags Entertainment Corporation had $2.28 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $45.39 million in the quarter, while revenues of -$65.66 million were shrunk -55.36%. The analyst consensus anticipated Six Flags Entertainment Corporation’s latest quarter earnings to come in at $1.01 per share, but it turned out to be $0.53, a -47.50% surprise. For the quarter, EBITDA amounted to $176.37 million. Shareholders own equity worth $83.11 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Six Flags Entertainment Corporation (SIX) price momentum. RSI 9-day as of the close on 21 September was 35.30%, suggesting the stock is Neutral, with historical volatility in this time frame at 65.80%.

As of today, SIX’s price is $22.34 -5.81% or -$1.29 from its 5-day moving average. SIX is currently trading -14.34% lower than its 20-day SMA and -47.13% lower than its 100-day SMA. However, the stock’s current price level is +0.58% above the SMA50 and -42.96% below the SMA200.

The stochastic %K and %D were 31.33% and 36.86%, respectively, and the average true range (ATR) was 1.34. With the 14-day stochastic at 2.93% and the average true range at 1.37, the RSI (14) stands at 39.94%. The stock has reached -0.58 on the 9-day MACD Oscillator while the 14-day reading was at -0.50.

Analyst Ratings

KeyBanc Capital Markets downgraded Six Flags Entertainment Corporation (NYSE: SIX) to a a Sector weight rating in its most recent analyst report. Previously, the stock was rated as an Overweight. The consensus rating for Six Flags Entertainment Corporation (SIX) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell SIX, while 5 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 8 others rate it as a “buy”.

What is SIX’s price target for the next 12 months?

Analysts predict a range of price targets between $20.00 and $40.00, with a median target of $28.50. Taking a look at these predictions, the average price target given by analysts for Six Flags Entertainment Corporation (SIX) stock is $29.40.

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