Wedbush raised the price target for the Six Flags Entertainment Corporation (NYSE:SIX) stock from “a Neutral” to “an Outperform”. The rating was released on July 26, 2021. We previously noted in another research note published on October 30, 2020 by Jefferies that upgraded the stock from a Hold to a Buy with a price target of $30 for SIX stock. The research report from Goldman has upgraded the stock from Sell to Neutral, with a price target set at $21. The stock was reiterated by B. Riley FBR, who disclosed in a research note on July 30, 2020, to Buy and set the price objective to $26. In their research brief published July 09, 2020, Janney analysts upgraded the Six Flags Entertainment Corporation stock from Neutral to Buy with a price target of $30.
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The latest trade, Performances and Moving Averages give us the following Picture
The share price of Six Flags Entertainment Corporation (NYSE:SIX) raised 0.19% to close Friday’s market session at $41.81, higher as compared to yesterday’s close. The stock price fluctuated between $41.40 and $42.69 throughout the trading session with the volume trading being 979213 shares, which represented a significant variation when compared to the three months average volume of 1.51 million shares. The firm’s stock price fluctuated 0.63% within the last five trades and 4.21% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 6.71% in the last 6 months and -6.11% was subtracted to its value over the previous 3 months. SIX stock is trading at a margin of 2.50%, -2.06% and 5.85% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, SIX deals in the Consumer Cyclical domain. The stock is trading -19.21 percent below its 52-week high and 146.23 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 74.92. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Six Flags Entertainment Corporation’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at -8.00 percent and the profit margin is -29.30 percent, and the company has reported a gross margin of 90.90 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $3.69 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 19.60. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 4.76 that mirrors the cost to be found for sales by the market.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 0.90 percent of Six Flags Entertainment Corporation shares are owned by insiders, and 88.80 percent are held by financial institutions. Brooks Wilson Taylor, the VP, Chief Accounting Officer at Six Flags Entertainment Corporation (SIX) has sold 2,614 shares of firm on May 07 at a price of $43.93 against the total amount of $0.11 million. In another inside trade, Cellar Kurt Matthew, Director of Six Flags Entertainment Corporation (NYSE:SIX) sold 4,500 shares of the firm on Mar 15 for a total worth of $0.23 million at a price of $50.30. An inside trade which took place on Mar 09, Director of Six Flags Entertainment Corporation Cellar Kurt Matthew sold 11,500 shares of firm against total price of $0.57 million at the cost of $49.46 per share.