The trading price of Simply Good Foods Co (NASDAQ:SMPL) floating higher at last check on Tuesday, April 23, closing at $33.69, 2.37% higher than its previous close.
The company’s P/E ratio in the trailing 12-month period was 24.19. In examining the 52-week price action we see that the stock hit a 52-week high of $43.00 and a 52-week low of $30.00. Over the past month, the stock has gained 0.96% in value.
Simply Good Foods Co, whose market valuation is $3.37 billion at the time of this writing. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by $0.48 per share this quarter, however they have predicted annual earnings per share of $1.82 for 2024 and $1.99 for 2025. It means analysts are expecting annual earnings per share growth of 11.70% this year and 9.30% next year.
Analysts have forecast the company to bring in revenue of $335.59 million for the current quarter, with the likely lows of $329.7 million and highs of $341.2 million. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2024 is $1.3 billion. The company’s revenue is forecast to grow by 4.90% over what it did in 2024.
A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Simply Good Foods Co no upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest SMPL has a 50% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Sell, while an average of long term indicators suggests that the stock is currently 50% Sell.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 3.05, which symbolizes a positive outlook. A quick review shows that SMPL’s price is currently 2.54% off the SMA20 and -0.70% off the SMA50. The RSI metric on the 14-day chart is currently showing 53.86, and weekly volatility stands at 2.43%. When measured over the past 30 days, the indicator reaches 2.64%. Simply Good Foods Co (NASDAQ:SMPL)’s beta value is currently sitting at 0.68, while the Average True Range indicator is currently displaying 0.94.
To see how Simply Good Foods Co stock has been performing today in comparison to its peers in the industry, here are the numbers: SMPL stock’s performance was 2.37% at last check in today’s session, and -7.01% in the past year. Simply Good Foods Co has a P/E ratio of 24.19.
An evaluation of the daily trading volume of Simply Good Foods Co (NASDAQ:SMPL) indicates that the 3-month average is 947.60K.
Currently, records show that 99.56 million of the company’s shares remain outstanding. The insiders hold 9.41% of outstanding shares, whereas institutions hold 89.11%. However, since the stock’s price has seen -14.92% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
