Bowlero Corp (NYSE:BOWL) finished Friday with an addition of $0.1 to close at $9.62, an upside of 1.05 percent. An average of 2,414,140 shares of common stock have been traded in the last five days. There was a fall of -$0.19 in the past week, and it reached a new high 15 times over the past 12 months. The last 20 days have seen an average of 2,630,010 shares traded, while the 50-day average volume stands at 1,751,488.
BOWL stock has decreased by -14.03% in the last month. The company shares reached their 1-month lowest point of $9.09 on 09/26/23. With the stock rallying to its 52-week high on 03/09/23, shares of the company touched a low of $9.09 and a high of $17.45 in 52 weeks. It has reached a new high 15 times so far this year and lost -28.64% or -$3.86 in price. In spite of this, the price is down -44.87% 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 198 days ago on Sep 14. 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) has a trailing price-to-earnings (P/E) ratio of 31.55. The stock’s beta is 0.31. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.58, the price-to-book (PB) ratio at 10.44, and the price-to-cash flow ratio at 24.38.
Financial Health
The quick ratio of Bowlero Corp for the three months ended June 29 was 1.30, and the current ratio was 1.37, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 7.45 and a total debt to equity ratio of 7.57 for the quarter ending June 29. Its gross profit as reported stood at $342.41 million compared to revenue of $1.06 billion.
Earnings Surprise
For the three-month period that ended June 29, Bowlero Corp had $1.14 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $111.98 million in the quarter, while revenues of -$36.47 million were grew 77.17%. The analyst consensus anticipated Bowlero Corp’s latest quarter earnings to come in at $0.01 per share, but it turned out to be $0.75, a 7,400.00% surprise. For the quarter, EBITDA amounted to $45.77 million. Shareholders own equity worth $161.77 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 29 September was 39.45%, suggesting the stock is Neutral, with historical volatility in this time frame at 56.51%.
As of today, BOWL’s price is $9.43 -1.94% or -$0.19 from its 5-day moving average. BOWL is currently trading -12.55% lower than its 20-day SMA and -32.16% lower than its 100-day SMA. However, the stock’s current price level is -15.02% below the SMA50 and -23.29% below the SMA200.
The stochastic %K and %D were 16.86% and 9.66%, respectively, and the average true range (ATR) was 0.45. With the 14-day stochastic at 27.39% and the average true range at 0.45, the RSI (14) stands at 39.24%. The stock has reached -0.36 on the 9-day MACD Oscillator while the 14-day reading was at -0.62.
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. The consensus rating for Bowlero Corp (BOWL) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell BOWL, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 10 others rate it as a “buy”.
What is BOWL’s price target for the next 12 months?
Analysts predict a range of price targets between $16.00 and $25.00, with a median target of $17.75. Taking a look at these predictions, the average price target given by analysts for Bowlero Corp (BOWL) stock is $18.75.
