As of Friday close, Bowlero Corp.’s (NYSE:BOWL) stock was down -$0.71, moving down -6.75 percent to $9.81. The average number of shares traded per day over the past five days has been 2,225,040 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.90 fall in that time frame. In the last twenty days, the average volume was 2,319,915, while in the previous 50 days, it was 1,738,010.
Since last month, BOWL stock retreated -7.10%. Shares of the company fell to $9.71 on 09/12/23, 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 $9.71. Since the beginning of this year, BOWL’s stock price has dropped by -27.23% or -$3.67, and marked a new high 15 times. However, the stock has declined by -43.78% since its 52-week high.
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BOWL stock investors should be aware that Bowlero Corp. (BOWL) stock had its last reported insider trading activity 9 days ago on Sep 14. Young John Alan, the Director of the company, purchased of 4,900 shares for $10.26 on Sep 14. It resulted in a $50,274 investment by the insider. Lavan Robert M. added 10,000 shares at an average price of $9.95 on Sep 12. The insider now owns 27,162 shares following the transaction. On Jun 01, Director Young John Alan bought 1,100 shares at $11.25 apiece. The transaction was valued at $12,375.
Valuation Metrics
Right now, Bowlero Corp. (BOWL) has a P/E ratio of about 65.84. The stock’s beta is 0.25. Besides these, the trailing price-to-sales (P/S) ratio of 1.46, the price-to-book (PB) ratio of 10.78, and the price-to-cash flow ratio of 22.69 may also be considered.
Financial Health
In the three months ended June 29, 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 June 29 was 11.54, and the total debt-to-equity ratio was 11.60. On the profitability front, the trailing twelve-month gross margin is 32.30% percent. In the year ended June 29, operating margins totaled 19.00%. Based on annual data, BOWL earned $342.41 million in gross profit and brought in $1.06 billion 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 14.60%. Return on equity (ROE) for the past 12 months was 157.30%.
In Bowlero Corp.’s quarter-end financial report for June 29, it reported total debt of $1.14 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. BOWL’s revenue fell -115.32% to $315.73 million during the quarter, while net income inched up to $211.86 million. While analysts expected Bowlero Corp. to report $0.01 quarterly earnings, the actual figure was $0.75 per share. During the quarter, the company generated $45.77 million in EBITDA. The liabilities of Bowlero Corp. were 2.54 billion at the end of its most recent quarter ended June 29, and its total debt was $2.27 billion. The value of shareholders’ equity is $161.77 million.
Technical Picture
This quick technical analysis looks at Bowlero Corp.’s (BOWL) price momentum. With a historical volatility rate of 46.89%, the RSI 9-day stood at 33.17% on 22 September.
With respect to its five-day moving average, the current Bowlero Corp. price is down by -8.40% percent or -$0.90. At present, BOWL shares trade -6.12% below its 20-day simple moving average and -33.45% percent below its 100-day simple moving average. However, the stock is currently trading approximately -16.72% below its SMA50 and -28.39% below its SMA200.
Stochastic coefficient K was 33.19% and Stochastic coefficient D was 39.33%, while ATR was 0.54. Given the Stochastic reading of 5.37% for the 14-day period, the RSI (14) reading has been calculated as 36.26%. As of today, the MACD Oscillator reading stands at -0.10, while the 14-day reading stands at -0.14.
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 $17.75, the current consensus forecast for the stock is $16.00 – $25.00. Based on these forecasts, analysts predict Bowlero Corp. (BOWL) will achieve an average price target of $18.75.
