Simply Good Foods Co (NASDAQ:SMPL) shares, rose in value, with the stock price down by -1.62% to the previous day’s close as strong demand from buyers drove the stock to $32.20.
Actively observing the price movement in the last trading, the stock closed the session at $32.73. The PE ratio was 23.12 over 12-month period. Referring to stock’s 52-week performance, its high was $43.00, and the low was $30.00. On the whole, SMPL has fluctuated by -3.01% over the past month.
As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.49, which is expected to increase to $0.54 for fiscal year $1.81 and then to about $1.99 by fiscal year 2025. Data indicates that the EPS growth is expected to be 11.00% in 2025, while the next year’s EPS growth is forecast to be 9.90%.
Analysts have estimated the company’s revenue for the quarter at $337.28 million, with a low estimate of $324.8 million and a high estimate of $349 million. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $1.31 billion, representing an increase of 5.50% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that SMPL’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 2.86, with the price of SMPL currently trading nearly -4.30% and -8.64% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 35.24, while the 7-day volatility ratio is showing 4.47% which for the 30-day chart, stands at 2.99%. Furthermore, Simply Good Foods Co (SMPL)’s beta value is 0.69, and its average true range (ATR) is 1.05.
A comparison of Simply Good Foods Co (SMPL) with its peers suggests the former has fared considerably weaker in the market. SMPL showed an intraday change of -1.62% in last session, and over the past year, it shrunk by -16.77%%.
Data on historical trading for Simply Good Foods Co (NASDAQ:SMPL) indicates that the trading volumes over the past 10 days have averaged 1.18 million and over the past 3 months, they’ve averaged 908.09K. According to company’s latest data on outstanding shares, there are 99.56 million shares outstanding.
Nearly 9.36% of Simply Good Foods Co’s shares belong to company insiders and institutional investors own 88.94% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 4.39 million shares as on Mar 15, 2024, resulting in a short ratio of 5.21. According to the data, the short interest in Simply Good Foods Co (SMPL) stood at 4.40% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 3.57 million. The stock has fallen by -18.69% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SMPL stock heading into the next quarter.
