While Freshpet Inc has overperformed by 2.86%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, FRPT rose by 86.25%, with highs and lows ranging from $114.31 to $54.60, whereas the simple moving average jumped by 49.80% in the last 200 days.
On March 11, 2024, Truist Upgraded Freshpet Inc (NASDAQ: FRPT) to Buy. A report published by Citigroup on February 01, 2024, Initiated its previous ‘Neutral’ rating for FRPT. Jefferies also rated FRPT shares as ‘Hold’, setting a target price of $80 on the company’s shares in an initiating report dated December 19, 2023. Wells Fargo Initiated an Overweight rating on December 12, 2023, and assigned a price target of $90. DA Davidson initiated its ‘Buy’ rating for FRPT, as published in its report on December 08, 2023. TD Cowen’s report from September 13, 2023 suggests a price prediction of $90 for FRPT shares, giving the stock a ‘Outperform’ rating. JP Morgan also rated the stock as ‘Neutral’.
Analysis of Freshpet Inc (FRPT)
Further, the quarter-over-quarter increase in sales is 29.90%, showing a positive trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Freshpet Inc’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of -3.39% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 4.08, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
As an indicator of volatility for any stock, average volume can also be very valuable, and FRPT is recording an average volume of 639.39K. On a monthly basis, the volatility of the stock is set at 3.49%, whereas on a weekly basis, it is put at 2.60%, with a gain of 4.58% over the past seven days. Furthermore, long-term investors anticipate a median target price of $121.53, showing growth from the present price of $114.32, which can serve as yet another indication of whether FRPT is worth investing in or should be passed over.
How Do You Analyze Freshpet Inc Shares?
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 2.87%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 117.07% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
FRPT shares are owned by institutional investors to the tune of 117.07% at present.
