Bowlero Corp. (NYSE:BOWL) finished Thursday with an addition of $0.36 to close at $10.81, an upside of 3.49 percent. An average of 1,055,579 shares of common stock have been traded in the last five days. There was a gain of $0.02 in the past week, and it reached a new high 17 times over the past 12 months. The last 20 days have seen an average of 1,109,960 shares traded, while the 50-day average volume stands at 1,515,918.
BOWL stock has decreased by -5.79% in the last month. The company shares reached their 1-month lowest point of $10.22 on 08/23/23. With the stock rallying to its 52-week high on 03/09/23, shares of the company touched a low of $10.22 and a high of $17.45 in 52 weeks. It has reached a new high 15 times so far this year and lost -19.77% or -$2.71 in price. In spite of this, the price is down -38.02% from the 52-week high.
Insider Transactions
BOWL stock investors should be aware that Bowlero Corp. (BOWL) stock had its last reported insider trading activity 162 days ago on Jun 01. In this transaction, the insider spent $73,700,078. Chief Accounting Officer, KOSTELNI JEFFREY C, disposed of 818 shares at a price of $16.17 on Mar 14. The insider now owns more than $13,227 worth of shares. Prior to that, Chief Financial Officer Parker Brett I. went on to Sale 40,000 shares at $17.00 each on Mar 08. An amount of $680,000 was transacted.
Valuation Metrics
Bowlero Corp. (BOWL) stock’s beta is 0.29. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.72, the price-to-book (PB) ratio at 20.41, and the price-to-cash flow ratio at 17.82.
Financial Health
The quick ratio of Bowlero Corp. for the three months ended March 30 was 1.30, and the current ratio was 1.40, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 14.61 and a total debt to equity ratio of 14.67 for the quarter ending March 30. Its gross profit as reported stood at $301.73 million compared to revenue of $911.71 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Bowlero Corp.’s return on assets was -3.70%.
Earnings Surprise
For the three-month period that ended March 30, Bowlero Corp. had $897.4 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$36.47 million in the quarter, while revenues of -$1.37 million were grew 42.94%. The analyst consensus anticipated Bowlero Corp.’s latest quarter earnings to come in at $0.26 per share, but it turned out to be -$0.22, a -184.60% surprise. For the quarter, EBITDA amounted to $119.26 million. Shareholders own equity worth $173.5 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Bowlero Corp. (BOWL) price momentum. RSI 9-day as of the close on 24 August was 41.14%, suggesting the stock is Neutral, with historical volatility in this time frame at 30.70%.
As of today, BOWL’s price is $10.57 +0.14% or $0.02 from its 5-day moving average. BOWL is currently trading -6.72% lower than its 20-day SMA and -34.20% lower than its 100-day SMA. However, the stock’s current price level is -14.02% below the SMA50 and -24.72% below the SMA200.
The stochastic %K and %D were 18.07% and 15.68%, respectively, and the average true range (ATR) was 0.40. With the 14-day stochastic at 26.43% and the average true range at 0.40, the RSI (14) stands at 41.55%. The stock has reached -0.14 on the 9-day MACD Oscillator while the 14-day reading was at -0.53.
Analyst Ratings
B. Riley Securities launched coverage on Bowlero Corp. (NYSE: BOWL) in its analyst report released on June 02, 2023. The firm assigned the stock a Buy rating.
