At the last check on Thursday, Noodles & Company’s (NASDAQ:NDLS) stock was up $0.01, moving up 0.18 percent to $2.80. The average number of shares traded per day over the past five days has been 453,903 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.06 fall in that time frame. In the last twenty days, the average volume was 745,406, while in the previous 50 days, it was 492,468.
Since last month, NDLS stock retreated -16.57%. 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 -49.09% or -$2.69, and marked a new high 12 times. However, the stock has declined by -57.33% since its 52-week high.
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Sponsored
NDLS stock investors should be aware that Noodles & Company (NDLS) stock had its last reported insider trading activity 90 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 1.52. Besides these, the trailing price-to-sales (P/S) ratio of 0.25, the price-to-book (PB) ratio of 3.58.
Financial Health
In the three months ended June 29, Noodles & Company’s quick ratio stood at 0.20, while its current ratio was 0.40, 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 1.82, and the total debt-to-equity ratio was 1.88. 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 0.20%. 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 -7.20%.
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 35.17%, the RSI 9-day stood at 31.95% on 30 August.
With respect to its five-day moving average, the current Noodles & Company price is down by -2.10% percent or -$0.06. At present, NDLS shares trade -15.66% below its 20-day simple moving average and -43.20% percent below its 100-day simple moving average. However, the stock is currently trading approximately -17.16% below its SMA50 and -55.56% below its SMA200.
Stochastic coefficient K was 11.92% and Stochastic coefficient D was 15.19%, while ATR was 0.14. Given the Stochastic reading of 8.51% for the 14-day period, the RSI (14) reading has been calculated as 34.65%. As of today, the MACD Oscillator reading stands at -0.05, while the 14-day reading stands at -0.11.
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.
