Six Flags Entertainment Corporation (NYSE:SIX) finished Thursday with a subtraction of -$1.03 to close at $21.82, a downside of -4.51 percent. An average of 2,687,140 shares of common stock have been traded in the last five days. There was a fall of -$2.28 in the past week, and it reached a new high 15 times over the past 12 months. The last 20 days have seen an average of 1,998,055 shares traded, while the 50-day average volume stands at 2,016,024.
SIX stock has decreased by -12.79% in the last month. The company shares reached their 1-month lowest point of $21.65 on 08/10/23. With the stock rallying to its 52-week high on 03/06/23, shares of the company touched a low of $16.83 and a high of $31.29 in 52 weeks. It has reached a new high 16 times so far this year and lost -6.15% or -$1.43 in price. In spite of this, the price is down -30.27% 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 17.51. The stock’s beta is 2.16. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.36, and the price-to-cash flow ratio at 11.71.
Financial Health
The quick ratio of Six Flags Entertainment Corporation for the three months ended March 30 was 0.40, and the current ratio was 0.50, indicating that the company is not able to meet its debt obligations. Six Flags Entertainment Corporation’s EBITDA margin for the year ending March 30 is 36.55%, while its operating margin for the same period stands at 25.60%. Its gross profit as reported stood at $1.25 billion compared to revenue of $1.36 billion.
Earnings Surprise
For the three-month period that ended March 30, Six Flags Entertainment Corporation had $2.28 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$69.86 million in the quarter, while revenues of $13.37 million were grew 6.01%. The analyst consensus anticipated Six Flags Entertainment Corporation’s latest quarter earnings to come in at -$0.85 per share, but it turned out to be -$0.84, a 1.20% surprise. For the quarter, EBITDA amounted to -$21.56 million. Shareholders own equity worth $83.28 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 10 August was 30.08%, suggesting the stock is Neutral, with historical volatility in this time frame at 40.30%.
As of today, SIX’s price is $23.03 -9.46% or -$2.28 from its 5-day moving average. SIX is currently trading -13.99% lower than its 20-day SMA and -11.98% lower than its 100-day SMA. However, the stock’s current price level is -14.36% below the SMA50 and +5.72% above the SMA200.
The stochastic %K and %D were 24.52% and 40.05%, respectively, and the average true range (ATR) was 1.05. With the 14-day stochastic at 6.44% and the average true range at 1.02, the RSI (14) stands at 34.69%. The stock has reached -0.82 on the 9-day MACD Oscillator while the 14-day reading was at -0.76.
Analyst Ratings
Stifel reiterated its a Buy rating on Six Flags Entertainment Corporation (NYSE: SIX), but raised their price target to $35, indicating a potential price increase of 37.66% for the stock. The consensus rating for Six Flags Entertainment Corporation (SIX) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm 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 1 analysts, while 6 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 $22.00 and $38.00, with a median target of $30.50. Taking a look at these predictions, the average price target given by analysts for Six Flags Entertainment Corporation (SIX) stock is $30.25.
