The stock of SharkNinja Inc. (NYSE:SN) increased by $1.51 on Wednesday to $44.51, up 3.50 percent. The last five days have seen an average of 1,133,603 shares of common stock traded. The average number of shares traded over the last 20 days was 1,523,951.
SN stock appreciated 39.34% since last month. On 08/21/23, the company’s shares reached a one-month low of $31.32. The stock touched a high of $52.90, after rallying from a low of $25.84 in 52 weeks. The price of SN stock has risen by 5.19%. Still, the stock price is down -15.87% from the 52-week high.
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Valuation Metrics
SharkNinja Inc. (SN) has a trailing price-to-earnings (P/E) ratio of 27.37. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.55, the price-to-book (PB) ratio of 3.31.
Financial Health
For the recent quarter, SharkNinja Inc.’s quick ratio was 1.20, while its current ratio was 1.70, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the recent quarter is 0.16, and the total debt to equity ratio is 0.21. As far as profitability goes, gross margin for the trailing twelve months is 39.80% percent.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. There was a 11.10% return on investment (ROI) in the past year.
Earnings Surprise
Net income for the quarter came in at $162.55 million, while revenues fell by -70.85% to $195.08 million. At the end of SharkNinja Inc.’s most recent quarter, its total debt was $464.32 million.
Technical Picture
Here’s a quick look at SharkNinja Inc.’s (SN) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 75.57%, suggesting the stock is Overbought, with a 69.13% historical volatility rate.
The stochastic %K and %D were 98.72% and 93.05% respectively, while the average true range (ATR) was 2.19. Based on the 14-day stochastic reading of 99.47%, the RSI (14) reading is 64.81%. On the 9-day MACD Oscillator, the stock is at 2.27, and the 14-day reading is at 4.35.
Analyst Ratings
In its analyst report released on September 11, 2023, Jefferies began covering SharkNinja Inc. (NYSE: SN). The stock was rated as a Buy by the brokerage firm. Analysts have assigned SharkNinja Inc. (SN) an Buy rating. SN is a stock that is recommended for selling by 0 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 1 other recommend it as a buy.
What is SN’s price target for the next 12 months?
The current consensus forecast for the stock is between $67.00 and $67.00, with a median target price of $67.00. In analyzing these forecasts, the average price target given by analysts for SharkNinja Inc. (SN) is $67.00.
