While Six Flags Entertainment Corp has overperformed by 5.83%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, SIX fell by -4.84%, with highs and lows ranging from $28.99 to $18.29, whereas the simple moving average jumped by 10.84% in the last 200 days.
On April 18, 2024, B. Riley Securities Upgraded Six Flags Entertainment Corp (NYSE: SIX) to Buy. A report published by B. Riley Securities on February 05, 2024, Downgraded its rating to ‘Neutral’ for SIX. Morgan Stanley also Upgraded SIX shares as ‘Overweight’, setting a target price of $32 on the company’s shares in a report dated December 14, 2023. Rosenblatt November 21, 2023d the rating to Neutral on November 21, 2023, and set its price target from $32 to $25. Jefferies November 20, 2023d its ‘Hold’ rating to ‘Buy’ for SIX, as published in its report on November 20, 2023. Citigroup’s report from November 03, 2023 suggests a price prediction of $26 for SIX shares, giving the stock a ‘Buy’ rating. B. Riley Securities also rated the stock as ‘Buy’.
Analysis of Six Flags Entertainment Corp (SIX)
Further, the quarter-over-quarter decrease in sales is -6.26%, showing a negative trend in the upcoming months.
To gain a thorough understanding of Six Flags Entertainment Corp’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. Taking into account the quick ratio of the company, currently set at 0.31, 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.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and SIX is recording an average volume of 872.91K. On a monthly basis, the volatility of the stock is set at 3.28%, whereas on a weekly basis, it is put at 4.95%, with a gain of 10.55% over the past seven days. Furthermore, long-term investors anticipate a median target price of $29.60, showing growth from the present price of $26.52, which can serve as yet another indication of whether SIX is worth investing in or should be passed over.
How Do You Analyze Six Flags Entertainment Corp Shares?
A leading company in the Leisure sector, Six Flags Entertainment Corp (SIX) is based in the USA. When comparing Six Flags Entertainment Corp shares with other companies under Consumer Cyclical, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 84.00, there is a growth in quarterly earnings of -17.07%.
The number of employees owning shares of the company should also be considered in addition to the fundamentals. 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 1.68%. 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 98.06% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
SIX shares are owned by institutional investors to the tune of 98.06% at present.
