While Six Flags Entertainment Corp has underperformed by -5.72%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, FUN rose by 9.19%, with highs and lows ranging from $58.70 to $35.93, whereas the simple moving average fell by -3.82% in the last 200 days.
On December 09, 2024, Jefferies started tracking Six Flags Entertainment Corp (NYSE: FUN) recommending Buy. A report published by Guggenheim on October 29, 2024, Initiated its previous ‘Buy’ rating for FUN. Oppenheimer also reiterated FUN shares as ‘Outperform’, quoting a target price of $60 on the company’s shares in a report dated October 15, 2024. JP Morgan Initiated an Underweight rating on August 06, 2024, and assigned a price target of $50. Macquarie initiated its ‘Outperform’ rating for FUN, as published in its report on July 18, 2024. Stifel’s report from July 12, 2024 suggests a price prediction of $68 for FUN shares, giving the stock a ‘Buy’ rating. Truist also rated the stock as ‘Buy’.
Analysis of Six Flags Entertainment Corp (FUN)
FUN currently pays a dividend of $0.60 per share, which means investors will get a return regardless of the company’s performance over the next few months. Further, the quarter-over-quarter increase in sales is 60.14%, showing a positive trend in the upcoming months.
In order to gain a clear picture of Six Flags Entertainment Corp’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of 2.61% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.32, 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.
An average volume of 1.14M can be a very valuable indicator of volatility for FUN stock. On a monthly basis, the volatility of the stock is set at 3.89%, whereas on a weekly basis, it is put at 5.92%, with a loss of -6.61% over the past seven days. Furthermore, long-term investors anticipate a median target price of $56.36, showing growth from the present price of $43.36, which can serve as yet another indication of whether FUN is worth investing in or should be passed over.
How Do You Analyze Six Flags Entertainment Corp Shares?
In addition to the fundamentals, you should also consider how many employees own shares in the company. 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 2.71%. 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 91.08% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
FUN shares are owned by institutional investors to the tune of 91.08% at present.
