As of Friday close, Noodles & Company’s (NASDAQ:NDLS) stock was down -$0.04, moving down -1.32 percent to $3.00. The average number of shares traded per day over the past five days has been 1,384,140 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.21 fall in that time frame. In the last twenty days, the average volume was 694,990, while in the previous 50 days, it was 469,154.
Since last month, NDLS stock retreated -15.01%. Shares of the company fell to $2.67 on 08/10/23, the lowest level in the past month. A 52-week high of $6.55 was reached on 02/03/23 after having rallying from a 52-week low of $2.67. Since the beginning of this year, NDLS’s stock price has dropped by -45.36% or -$2.49, and marked a new high 12 times. However, the stock has declined by -54.20% since its 52-week high.
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NDLS stock investors should be aware that Noodles & Company (NDLS) stock had its last reported insider trading activity 78 days ago on Jun 02. Kline Corey, the EVP – Technology of the company, purchased of 2,900 shares for $3.41 on Jun 02. It resulted in a $9,889 investment by the insider. WEST THOMAS B added 2,000 shares at an average price of $3.89 on May 15. The insider now owns 155,323 shares following the transaction. On Apr 26, 10% Owner Mill Road Capital III, L.P. bought 107,439 shares at $4.65 apiece. The transaction was valued at $500,000.
Valuation Metrics
The stock’s beta is 1.51. Besides these, the trailing price-to-sales (P/S) ratio of 0.27, the price-to-book (PB) ratio of 3.85.
Financial Health
In the three months ended June 29, Noodles & Company’s quick ratio stood at 0.20, while its current ratio was 0.30, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 1.51, and the total debt-to-equity ratio was 1.57. On the profitability front, the trailing twelve-month gross margin is 25.30% percent. In the year ended June 29, EBITDA margin amounted to 5.94%, whereas operating margins totaled -0.10%. Based on annual data, NDLS earned $371.62 million in gross profit and brought in $509.48 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 -1.00%. Return on equity (ROE) for the past 12 months was -9.10%.
In Noodles & Company’s quarter-end financial report for June 29, it reported total debt of $63.2 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. NDLS’s revenue fell -4.73% to $126.08 million during the quarter, while net income inched up to $125.15 million. While analysts expected Noodles & Company to report $0.05 quarterly earnings, the actual figure was -$0.02 per share. During the quarter, the company generated $6.25 million in EBITDA. The liabilities of Noodles & Company were 321.49 million at the end of its most recent quarter ended June 29, and its total debt was $283.89 million. The value of shareholders’ equity is $46.43 million.
Technical Picture
This quick technical analysis looks at Noodles & Company’s (NDLS) price momentum. With a historical volatility rate of 57.25%, the RSI 9-day stood at 35.80% on 18 August.
With respect to its five-day moving average, the current Noodles & Company price is down by -6.54% percent or -$0.21. At present, NDLS shares trade -13.04% below its 20-day simple moving average and -36.58% percent below its 100-day simple moving average. However, the stock is currently trading approximately -16.67% below its SMA50 and -48.45% below its SMA200.
Stochastic coefficient K was 27.30% and Stochastic coefficient D was 24.92%, while ATR was 0.22. Given the Stochastic reading of 33.75% for the 14-day period, the RSI (14) reading has been calculated as 38.05%. As of today, the MACD Oscillator reading stands at -0.15, while the 14-day reading stands at -0.25.
Analyst Ratings
The Benchmark Company reiterated its a Buy rating on Noodles & Company (NASDAQ: NDLS) in a note to investors. The analysts firm has however raised their price target to $5, representing a possible 50.0% increase in the stock price. Noodles & Company (NDLS) has been rated Overweight by analysts. According to 0 brokerage firms, NDLS is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Noodles & Company stock as buy, with 3 recommending it as overweight.
With a median target price of $5.00, the current consensus forecast for the stock is $5.00 – $5.50. Based on these forecasts, analysts predict Noodles & Company (NDLS) will achieve an average price target of $5.13.
