Six Flags Entertainment Corporation (NYSE:SIX) saw an upside of 0.76% to close Monday at $23.77 after adding $0.18 on the day. The 5-day average trading volume is 1,936,080 shares of the company’s common stock. It has gained $24.29 in the past week and touched a new high 1 time within the past 5 days. An average of 1,739,360 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,921,264.
SIX’s 1-month performance is -3.30% or -$0.81 on its low of $22.23 reached on 07/24/23. The company’s shares have touched a 52-week low of $16.83 and high of $31.29, with the stock’s rally to the 52-week high happening on 03/06/23. YTD, SIX has achieved 2.24% or $0.52 and has reached a new high 16 times. However, the current price is down -24.03% from the 52-week high price.
Valuation Metrics
SIX stock has a beta of 2.15. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.48 while the price to cash flow ratio at 12.75.
Six Flags Entertainment Corporation’s quick ratio for the period ended March 30 was 0.40, with the current ratio over the same period at 0.50. In terms of profitability, the gross margin trailing 12 months is 92.10%. The trailing 12-month EBITDA margin is 36.55% while for the period ending March 30, Six Flags Entertainment Corporation’s operating margin was 25.60%. The firm’s gross profit as reported stood at $1.25 billion against revenue of $1.36 billion.
Earnings Surprise
For the quarterly period ending March 30 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 6.01% to -$69.86 million, while revenue of $13.37 million was 119.14% off the previous quarter. Analysts expected SIX to announce -$0.85 per share in earnings in its latest quarter, but it posted -$0.84, representing a 1.20% surprise. EBITDA for the quarter stood at more than -$21.56 million. SIX stock balance sheet for the quarter ending March 30 shows that total liabilities totaled 3.67 billion, with total debt at $2.64 billion. Shareholders hold equity totaling $83.28 million.
Let’s look briefly at Six Flags Entertainment Corporation (SIX) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 07 August was 47.51% to suggest the stock is trending Neutral, with historical volatility in this time period at 32.95%.
The stock’s 5-day moving average is $23.82, reflecting a -0.54% or -$0.13 change from its current price. SIX is currently trading -7.33% above its 20-day SMA, -6.60% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -6.45% and SMA200 by+16.29%.
Stochastic %K and %D was 65.43% and 60.23% and the average true range (ATR) pointed at 0.95. The RSI (14) points at 45.74%, while the 14-day stochastic is at 63.37% with the period’s ATR at 0.95. The stock’s 9-day MACD Oscillator is pointing at 0.18 and 0.23 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Six Flags Entertainment Corporation (NYSE: SIX), Stifel reiterated its a Buy rating for the company but lifted their price target by $35 to $31. Analysts offering their rating for SIX stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate SIX as a “sell,”, while 5 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 6 have offered a “buy” rating.
What is SIX’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $22.00 and a high of $38.00, with their median price target at $30.50. Looking at these predictions, the average price target given by analysts is for Six Flags Entertainment Corporation (SIX) stock is $30.25.
