As of Wednesday close, Bowlero Corp.’s (NYSE:BOWL) stock was down -$0.25, moving down -2.22 percent to $11.03. The average number of shares traded per day over the past five days has been 1,018,720 shares. 1 time new highs have been achieved over the past 5 days, with a -$1.06 fall in that time frame. In the last twenty days, the average volume was 1,175,710, while in the previous 50 days, it was 1,570,846.
Since last month, BOWL stock rose 6.26%. Shares of the company fell to $10.35 on 07/18/23, the lowest level in the past month. A 52-week high of $17.45 was reached on 03/09/23 after having rallying from a 52-week low of $10.35. Since the beginning of this year, BOWL’s stock price has dropped by -18.18% or -$2.45, and marked a new high 15 times. However, the stock has declined by -36.79% since its 52-week high.
BOWL stock investors should be aware that Bowlero Corp. (BOWL) stock had its last reported insider trading activity 77 days ago on Jun 01. Young John Alan, the Director of the company, purchased of 1,100 shares for $11.25 on Jun 01. It resulted in a $12,375 investment by the insider. Young John Alan added 2,000 shares at an average price of $11.40 on May 31. The insider now owns 38,768 shares following the transaction. On May 19, Chief Financial Officer Lavan Robert M. bought 8,595 shares at $11.47 apiece. The transaction was valued at $98,585.
Valuation Metrics
The stock’s beta is 0.24. Besides these, the trailing price-to-sales (P/S) ratio of 1.72, the price-to-book (PB) ratio of 20.81, and the price-to-cash flow ratio of 17.82 may also be considered.
Financial Health
In the three months ended March 30, Bowlero Corp.’s quick ratio stood at 1.30, while its current ratio was 1.40, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 14.61, and the total debt-to-equity ratio was 14.67. On the profitability front, the trailing twelve-month gross margin is 33.80% percent. In the year ended March 30, EBITDA margin amounted to 25.18%, whereas operating margins totaled 20.90%. Based on annual data, BOWL earned $301.73 million in gross profit and brought in $911.71 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 9.40%. Return on equity (ROE) for the past 12 months was 844.50%.
In Bowlero Corp.’s quarter-end financial report for March 30, it reported total debt of $897.4 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. BOWL’s revenue rose 18.34% to $273.39 million during the quarter, while net income inched up to $315.73 million. While analysts expected Bowlero Corp. to report $0.26 quarterly earnings, the actual figure was -$0.22 per share, beating the consensus estimate by -184.60%. During the quarter, the company generated $119.26 million in EBITDA. The liabilities of Bowlero Corp. were 1.72 billion at the end of its most recent quarter ended March 30, and its total debt was $1.32 billion. The value of shareholders’ equity is $173.5 million.
Technical Picture
This quick technical analysis looks at Bowlero Corp.’s (BOWL) price momentum. With a historical volatility rate of 36.34%, the RSI 9-day stood at 34.52% on 16 August.
With respect to its five-day moving average, the current Bowlero Corp. price is down by -8.77% percent or -$1.06. At present, BOWL shares trade +1.94% above its 20-day simple moving average and -25.32% percent below its 100-day simple moving average. However, the stock is currently trading approximately -12.32% below its SMA50 and -22.81% below its SMA200.
Stochastic coefficient K was 25.54% and Stochastic coefficient D was 27.83%, while ATR was 0.40. Given the Stochastic reading of 0.00% for the 14-day period, the RSI (14) reading has been calculated as 39.89%. As of today, the MACD Oscillator reading stands at -0.40, while the 14-day reading stands at -0.46.
Analyst Ratings
B. Riley Securities launched its rating on Bowlero Corp. (NYSE: BOWL) to a Buy in a note to investors on June 02, 2023. Bowlero Corp. (BOWL) has been rated Buy by analysts. According to 0 brokerage firms, BOWL is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Bowlero Corp. stock as buy, with 10 recommending it as overweight.
With a median target price of $20.50, the current consensus forecast for the stock is $17.00 – $25.00. Based on these forecasts, analysts predict Bowlero Corp. (BOWL) will achieve an average price target of $20.65.
