SeaWorld Entertainment Inc. (NYSE:SEAS) finished Friday with an addition of $0.27 to close at $51.43, an upside of 0.53 percent. An average of 1,043,900 shares of common stock have been traded in the last five days. There was a fall of -$2.91 in the past week, and it reached a new high 19 times over the past 12 months. The last 20 days have seen an average of 1,037,115 shares traded, while the 50-day average volume stands at 865,532.
SEAS stock has decreased by -7.58% in the last month. The company shares reached their 1-month lowest point of $50.43 on 08/11/23. With the stock rallying to its 52-week high on 03/06/23, shares of the company touched a low of $44.38 and a high of $68.19 in 52 weeks. It has reached a new high 16 times so far this year and lost -3.89% or -$2.08 in price. In spite of this, the price is down -24.58% from the 52-week high.
Insider Transactions
SEAS stock investors should be aware that SeaWorld Entertainment Inc. (SEAS) stock had its last reported insider trading activity 29 days ago on Jul 14. In this transaction, the insider spent $55,120. Chief Executive Officer, Swanson Marc, disposed of 4,000 shares at a price of $59.31 on Jun 15. The insider now owns more than $237,240 worth of shares. Prior to that, Director Gray William went on to Sale 20,000 shares at $60.23 each on Jun 13. An amount of $1,204,600 was transacted.
Valuation Metrics
SeaWorld Entertainment Inc. (SEAS) has a trailing price-to-earnings (P/E) ratio of 12.52. The stock’s beta is 1.91. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.90, and the price-to-cash flow ratio at 10.79.
Financial Health
The quick ratio of SeaWorld Entertainment Inc. for the three months ended June 29 was 0.40, and the current ratio was 0.50, indicating that the company is not able to meet its debt obligations. SeaWorld Entertainment Inc.’s EBITDA margin for the year ending June 29 is 39.63%, while its operating margin for the same period stands at 29.00%. Its gross profit as reported stood at $860.33 million compared to revenue of $1.73 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, SeaWorld Entertainment Inc.’s return on assets was 12.00%.
Earnings Surprise
For the three-month period that ended June 29, SeaWorld Entertainment Inc. had $2.1 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 $87.06 million in the quarter, while revenues of -$16.47 million were shrunk -33.94%. The analyst consensus anticipated SeaWorld Entertainment Inc.’s latest quarter earnings to come in at $1.72 per share, but it turned out to be $1.35, a -21.50% surprise. For the quarter, EBITDA amounted to $194.81 million. Shareholders own equity worth $63.97 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at SeaWorld Entertainment Inc. (SEAS) price momentum. RSI 9-day as of the close on 11 August was 36.07%, suggesting the stock is Neutral, with historical volatility in this time frame at 23.09%.
As of today, SEAS’s price is $52.16 -5.36% or -$2.91 from its 5-day moving average. SEAS is currently trading -3.44% lower than its 20-day SMA and -11.02% lower than its 100-day SMA. However, the stock’s current price level is -7.77% below the SMA50 and -3.60% below the SMA200.
The stochastic %K and %D were 7.80% and 18.31%, respectively, and the average true range (ATR) was 1.72. With the 14-day stochastic at 18.76% and the average true range at 1.74, the RSI (14) stands at 39.49%. The stock has reached -2.01 on the 9-day MACD Oscillator while the 14-day reading was at -2.15.
Analyst Ratings
Goldman reiterated its a Buy rating on SeaWorld Entertainment Inc. (NYSE: SEAS), but raised their price target to $75, indicating a potential price increase of 31.43% for the stock. The consensus rating for SeaWorld Entertainment Inc. (SEAS) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell SEAS, while 3 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 8 others rate it as a “buy”.
What is SEAS’s price target for the next 12 months?
Analysts predict a range of price targets between $57.00 and $80.00, with a median target of $66.00. Taking a look at these predictions, the average price target given by analysts for SeaWorld Entertainment Inc. (SEAS) stock is $68.50.
