The stock of Traeger Inc. (NYSE:COOK) decreased by -$0.23 on Friday to finish at $5.32, down -4.14 percent. The last five days have seen an average of 766,340 shares of common stock traded. 16 times new highs were reached in the current year, with a gain of $2.50. The average number of shares traded over the last 20 days was 1,256,715, while the average volume over the last 50 days totaled 693,874.
COOK stock appreciated 27.58% since last month. On 07/12/23, the company’s shares reached a one-month low of $3.98. The stock touched a high of $6.70 on 08/03/23, after rallying from a low of $2.48 in 52 weeks. The price of COOK stock has risen by 88.65% or $2.50 this year, reaching a new high 16 times. Still, the stock price is down -20.60% from the 52-week high.
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Insider Transactions
COOK stock investors should be aware that Traeger Inc. (COOK) stock had its last reported insider trading activity 4 days ago on Aug 10. On Aug 10, Chief Financial Officer Blosil Dominic sold 2,615 shares at $5.78 each. This transaction resulted in the insider making $15,115. On Aug 10, HARDY JAMES H JR sold 1,121 shares at a price of US$5.78. After the transaction, the insider now owns 691,415 shares. Chief Financial Officer Blosil Dominic had earlier sold 2,610 shares on Aug 09 for $5.79 a share. The transaction was completed for $15,112.
Valuation Metrics
Beta for the stock is 0.80. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.24, the price-to-book (PB) ratio of 2.00, and the price-to-cash flow ratio of 15.05.
Financial Health
For the three months ended June 29, Traeger Inc.’s quick ratio was 1.00, while its current ratio was 1.80, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 1.21, and the total debt to equity ratio is 1.33. As far as profitability goes, gross margin for the trailing twelve months is 34.20% percent. Traeger Inc.’s EBITDA margin for the year ended June 29 was -7.28%, whereas its operating margin stood at -45.60% for the same period. Based on annual data, it had gross profit of $228.77 million and revenue of $655.9 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. COOK’s return on assets (ROA) during the last 12 months has been -30.70%. There was a -42.60% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -83.50%.
Earnings Surprise
According to Traeger Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $171.33 million, while revenues fell by -16.89% to $152.42 million. It was predicted that Traeger Inc.’s quarterly earnings would be $0.04, but it ended up being -$0.02. EBITDA was -$15.25 million for the quarter. At the end of Traeger Inc.’s most recent quarter ended June 29, its liabilities totaled 542.12 million, while its total debt was $448.55 million. Equity owned by shareholders amounts to $123.97 million.
Technical Picture
Here’s a quick look at Traeger Inc.’s (COOK) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 58.67%, suggesting the stock is Neutral, with a 191.56% historical volatility rate.
The stochastic %K and %D were 54.67% and 58.54% respectively, while the average true range (ATR) was 0.47. Based on the 14-day stochastic reading of 47.73%, the RSI (14) reading is 60.56%. On the 9-day MACD Oscillator, the stock is at 0.14, and the 14-day reading is at 0.53.
Analyst Ratings
In its most recent analyst report, Telsey Advisory Group raised its rating on Traeger Inc. (NYSE: COOK) to an Outperform. Prior to this, analysts firm rated the stock as a Market perform. Analysts have assigned Traeger Inc. (COOK) an Overweight rating. COOK is a stock that is recommended for selling by 0 brokerage firms, while 7 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 3 others recommend it as a buy.
What is COOK’s price target for the next 12 months?
The current consensus forecast for the stock is between $4.00 and $7.00, with a median target price of $5.00. In analyzing these forecasts, the average price target given by analysts for Traeger Inc. (COOK) is $5.31.
