As of Thursday close, Six Flags Entertainment Corporation’s (NYSE:SIX) stock was up $0.63, moving up 2.68 percent to $24.10. The average number of shares traded per day over the past five days has been 1,608,240 shares. 3 times new highs have been achieved over the past 5 days, with a $0.70 gain in that time frame. In the last twenty days, the average volume was 1,754,440, while in the previous 50 days, it was 1,894,032.
Since last month, SIX stock retreated -7.13%. Shares of the company fell to $22.23 on 07/24/23, the lowest level in the past month. A 52-week high of $31.29 was reached on 03/06/23 after having rallying from a 52-week low of $16.83. Since the beginning of this year, SIX’s stock price has risen by 3.66% or $0.85, and marked a new high 16 times. However, the stock has declined by -22.98% since its 52-week high.
SIX stock investors should be aware that Six Flags Entertainment Corporation (SIX) stock had its last reported insider trading activity 56 days ago on Jun 09. Mick Gary, the CHIEF FINANCIAL OFFICER of the company, purchased of 5,812 shares for $26.98 on Jun 09. It resulted in a $156,808 investment by the insider. Mick Gary added 1,500 shares at an average price of $25.36 on May 26. The insider now owns 84,737 shares following the transaction. On May 25, CHIEF FINANCIAL OFFICER Mick Gary bought 1,000 shares at $25.00 apiece. The transaction was valued at $24,995.
Valuation Metrics
The latest dividend of $0.25 per share was paid out, which is -69.88% less than last year’s $0.83.
Financial Health
In the three months ended March 30, Six Flags Entertainment Corporation’s quick ratio stood at 0.40, while its current ratio was 0.50, showing that the company is not able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 92.10% percent. In the year ended March 30, EBITDA margin amounted to 36.55%, whereas operating margins totaled 25.60%. Based on annual data, SIX earned $1.25 billion in gross profit and brought in $1.36 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 21.20%. Return on equity (ROE) for the past 12 months was -10.40%.
In Six Flags Entertainment Corporation’s quarter-end financial report for March 30, it reported total debt of $2.28 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. SIX’s revenue rose 2.87% to $279.88 million during the quarter, while net income inched up to $142.19 million. While analysts expected Six Flags Entertainment Corporation to report -$0.85 quarterly earnings, the actual figure was -$0.84 per share, beating the consensus estimate by 1.20%. During the quarter, the company generated -$21.56 million in EBITDA. The liabilities of Six Flags Entertainment Corporation were 3.67 billion at the end of its most recent quarter ended March 30, and its total debt was $2.64 billion. The value of shareholders’ equity is $83.28 million.
Technical Picture
This quick technical analysis looks at Six Flags Entertainment Corporation’s (SIX) price momentum. With a historical volatility rate of 37.31%, the RSI 9-day stood at 50.74% on 03 August.
With respect to its five-day moving average, the current Six Flags Entertainment Corporation price is up by +2.99% percent or $0.70. At present, SIX shares trade -4.78% below its 20-day simple moving average and -6.81% percent below its 100-day simple moving average. However, the stock is currently trading approximately -8.19% below its SMA50 and +23.21% above its SMA200.
Stochastic coefficient K was 57.62% and Stochastic coefficient D was 49.06%, while ATR was 1.00. Given the Stochastic reading of 76.95% for the 14-day period, the RSI (14) reading has been calculated as 47.55%. As of today, the MACD Oscillator reading stands at 0.36, while the 14-day reading stands at 0.29.
Analyst Ratings
Stifel reiterated its a Buy rating on Six Flags Entertainment Corporation (NYSE: SIX) in a note to investors. The analysts firm has however raised their price target to $31, representing a possible 31.14% increase in the stock price. Six Flags Entertainment Corporation (SIX) has been rated Overweight by analysts. According to 1 brokerage firm, SIX is a sell, and 5 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Six Flags Entertainment Corporation stock as buy, with 6 recommending it as overweight.
With a median target price of $30.50, the current consensus forecast for the stock is $22.00 – $38.00. Based on these forecasts, analysts predict Six Flags Entertainment Corporation (SIX) will achieve an average price target of $30.25.
