Six Flags Entertainment Corp’s (NYSE:SIX) Stock Price Plummets -6.50% This Year: A Look At Likely Future Paths

Six Flags Entertainment Corp (NYSE:SIX) price on Friday, April 19, fall -0.55% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $23.45.

A look at the stock’s price movement, the close in the last trading session was $23.58. The PE ratio in trailing twelve months stood at 51.09. Turning to its 52-week performance, $28.99 and $18.29 were the 52-week high and 52-week low respectively. Overall, SIX moved -10.43% over the past month.

Six Flags Entertainment Corp’s market cap currently stands at around $1.97 billion.

Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that SIX is a 50% Sell. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.

The technical evaluation for the stock shows the PEG ratio is 8.42, with SIX’s current price about -6.34% and -7.10% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 34.65, while 7-day volatility ratio is 3.81% and 2.80% in the 30-day chart. Further, Six Flags Entertainment Corp (SIX) has a beta value of 2.20, and an average true range (ATR) of 0.76.

If we refocus on Six Flags Entertainment Corp (NYSE:SIX), historical trading data shows that trading volumes averaged 858.74K over the past 3 months. The company’s latest data on shares outstanding shows there are 84.12 million shares.

The 1.68% of Six Flags Entertainment Corp’s shares are in the hands of company insiders while institutional holders own 98.13% of the company’s shares. Current price change has pushed the stock -6.50% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the SIX stock continues to rise going into the next quarter.

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