The stock of Six Flags Entertainment Corporation (NYSE:SIX) decreased by -$0.72 on Tuesday to finish at $22.01, down -3.17 percent. The last five days have seen an average of 3,134,800 shares of common stock traded. 16 times new highs were reached in the current year, with a fall of -$1.24. The average number of shares traded over the last 20 days was 2,195,155, while the average volume over the last 50 days totaled 2,075,598.
SIX stock dropped -7.01% since last month. On 08/11/23, the company’s shares reached a one-month low of $20.83. The stock touched a high of $31.29 on 03/06/23, after rallying from a low of $16.83 in 52 weeks. The price of SIX stock has declined by -5.33% or -$1.24 this year, reaching a new high 16 times. Still, the stock price is down -29.66% from the 52-week high.
Insider Transactions
SIX stock investors should be aware that Six Flags Entertainment Corporation (SIX) stock had its last reported insider trading activity 68 days ago on Jun 09. On Jun 09, CHIEF FINANCIAL OFFICER Mick Gary acquired 5,812 shares at $26.98 each. This transaction resulted in the insider spending $156,808. On May 26, Mick Gary added 1,500 shares at a price of US$25.36. After the transaction, the insider now owns 84,737 shares. CHIEF FINANCIAL OFFICER Mick Gary had earlier bought 1,000 shares on May 25 for $25.00 a share. The transaction was completed for $24,995.
Valuation Metrics
Six Flags Entertainment Corporation (SIX) has a trailing price-to-earnings (P/E) ratio of 17.66. Beta for the stock is 2.16. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.31, and the price-to-cash flow ratio of 11.25.
Company paid $0.25 per share in dividends, a decrease of -69.88% from $0.83 last year.
Financial Health
For the three months ended June 29, Six Flags Entertainment Corporation’s quick ratio was 0.40, while its current ratio was 0.50, indicating its inability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 92.10% percent. Six Flags Entertainment Corporation’s EBITDA margin for the year ended June 29 was 36.55%, whereas its operating margin stood at 25.60% for the same period. Based on annual data, it had gross profit of $1.25 billion and revenue of $1.36 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. SIX’s return on assets (ROA) during the last 12 months has been 3.90%. There was a 21.20% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -10.40%.
Earnings Surprise
According to Six Flags Entertainment Corporation’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 $443.71 million, while revenues rose by 1.87% to $142.19 million. It was predicted that Six Flags Entertainment Corporation’s quarterly earnings would be $0.25, but it ended up being $0.78, beating the consensus by -67.90%. EBITDA was $143.58 million for the quarter. At the end of Six Flags Entertainment Corporation’s most recent quarter ended June 29, its liabilities totaled 3.71 billion, while its total debt was $2.54 billion. Equity owned by shareholders amounts to $83.52 million.
Technical Picture
Here’s a quick look at Six Flags Entertainment Corporation’s (SIX) price momentum from a technical perspective. As of 15 August, the RSI 9-day stood at 36.42%, suggesting the stock is Neutral, with a 40.17% historical volatility rate.
The stochastic %K and %D were 44.60% and 35.70% respectively, while the average true range (ATR) was 1.05. Based on the 14-day stochastic reading of 34.10%, the RSI (14) reading is 38.33%. On the 9-day MACD Oscillator, the stock is at -0.56, and the 14-day reading is at -0.80.
Analyst Ratings
In a note to investors, Stifel maintained its a Buy rating on Six Flags Entertainment Corporation (NYSE: SIX). However, the firm raised their price target to $31, indicating a possible increase of 37.11% in the stock price. Analysts have assigned Six Flags Entertainment Corporation (SIX) an Overweight rating. SIX is a stock that is recommended for selling by 1 brokerage firm, while 5 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 6 others recommend it as a buy.
What is SIX’s price target for the next 12 months?
The current consensus forecast for the stock is between $21.00 and $36.00, with a median target price of $28.50. In analyzing these forecasts, the average price target given by analysts for Six Flags Entertainment Corporation (SIX) is $28.33.
