Hopefully you got into Six Flags Entertainment Corporation (NYSE:SIX) early, as today the stock is trading 4.02% or 1.43 points up from last closing price of $35.58, reaching $37.01 at last check. The SIX share price has risen in 2 of the last 5 days and is down -29.67% over the past week. It will be exciting to see whether the stock manages to continue increasing or take a minor break for the next few days. The move came on weak volume too with far less shares changing hands than in a normal session. Trading activity as of this writing weakened by -1,136,917 shares, and in total 811783 shares valued at $30.044 million were seen changing hands compared with 1.949 million shares valued at $69.335 million recorded at the previous session. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes in SIX stock for the next couple of days.
Six Flags Entertainment Corporation (SIX) shares have notched a 3-month decline of about -29.67%, but has still tumbled -21.13% year to date. By comparison, the stock sank -42.59% over the past 12 months, while it slipped -21.56% over the 1 month. The company’s market cap is around $3.66B, with its short interest ratio standing at 2.62%.
In the current trading session for SIX, the stock witnessed two major price actions, it rose to a high of $37.05 and was down as much as $35.75 at one point. The high recorded is very low when compared to their 52-week high which is $35.06. The 52-week high is now at -42.66 distance from current price. Their recent low of $64.28 represents a 5.13% recovery. This data is quite important for investors who look to benefit from the recent rise of the company’s stock. The price target currently for SIX is $52.82, this is below the recent high that the stock attained. Taking a look at the overall sentimental views of financial analysts, the trading pattern of this stock recently is very clear.
The stock of Six Flags Entertainment Corporation earned $3.16 per share in the trailing 12 months and has a P/E ratio of 11.71. You can compare it with that of similar companies in its industry to get a sense of whether the stock you’re looking to purchase is overvalued or undervalued. Its current price to earnings ratio is lower than the ones recorded by the industry which is 34.4 and lower compared to the sector’s average of 38.06. When the P/E ratio is low let’s say below 1.0, then the stock price is considered a good value. SIX also has P/S multiple of 2.54. This is greater versus the 12 month P/S ratios of other companies in the same indutry. The peer average price to sales ratio is 0.78x.
SIX‘s last price was down -26.5% as compared to the average trading price of 50 days recorded at $50.35 while enlarging the period to 200 trading days, the average closing price was $44.25. At present, there are 102.86 million in the total number of common shares owned by the public and among those 79.38 million shares have been available to trade. The percentage of shares being held by the company management was 4.7% while institutions stake was 83.7%. The company has generated negative returns on equity over the last 12 months (-38.6%). It managed to keep its gross profit margin at 91.4% over the past 12 months.
When assessing the full upside of the SIX stock, there is another set of technicals that should be looked into and considered. Its -14.99% decline from moving average of $43.54 has brought about a negative sentiment when calculated over the last 20 days. The market has allocated a beta of 0.95 to the stock. With the beta been less than one, this implies that the company shares are theoretically less volatile than the market, something that the traders definitely are keeping an eye on.
Most of the analysts surveyed by Thomson/First Call think quite highly of Six Flags Entertainment Corporation — 3 analysts rate the stock as a buy with another 0 rating it strong buy. There are 6 analysts who maintain a hold rating for the stock, with 1 giving it a sell rating. Analysts arrived at a 12-month price target of $43 on shares of Six Flags Entertainment Corporation (NYSE:SIX), which corresponds to 16.25% upside potential than its current market price of $37.01 and implies potential despite the recent advance in the price. However, their current target price has fallen from $58.71 a month ago and is down handily from the consensus target of $62.78 a quarter ago.
In the last five years, the EPS of the company has been roughly 22.4%. Though the percentage looks encouraging, extra tailwinds are emerging as looking out over a next 5-year period, with analysts estimating that their earnings will increase annually by 6.3%. The revenue of the company has risen at an average annualized rate of about 5.7 over the last five years. The company recently recorded an increase of 0.2%, but this figure is rather unattractive.
Let’s briefly check the hedge fund interest towards SIX stock. Cerebellum GP LLC added position in the company after it grew 38.9% or 9,050 shares of its common stock. The hedge fund now owns 12,571 shares worth $465,253, SEC documents show. Hemenway Trust Co LLC shored up assets in the stock as 38443.71 shares have been purchased, increasing its stake by 5.7% to 40,635 shares which are currently valued at $1,503,901. In addition, First Hawaiian Bank recently reported that it now owns 8,280 shares making a total of $306,443 based on the recent price. This refelects a change of -11.4% in their ownership.