Simply Good Foods Co (NASDAQ:SMPL) shares, rose in value, with the stock price down by -0.64% to the previous day’s close as strong demand from buyers drove the stock to $34.40.
Actively observing the price movement in the last trading, the stock closed the session at $34.62. The PE ratio was 24.70 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 1.50% over the past month.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.3B, with a low estimate of 329.7M and a high estimate of 341.2M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 335.59M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that SMPL’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% 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 3.12, with the price of SMPL currently trading nearly 4.37% and 1.62% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 57.95, while the 7-day volatility ratio is showing 2.86% which for the 30-day chart, stands at 2.91%. Furthermore, Simply Good Foods Co (SMPL)’s beta value is 0.67, and its average true range (ATR) is 0.94.
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 -0.64% in last session, and over the past year, it shrunk by -4.31%%.
Data on historical trading for Simply Good Foods Co (NASDAQ:SMPL) indicates that the trading volumes over the past 3 months, they’ve averaged 979.57K. According to company’s latest data on outstanding shares, there are 99.56 million shares outstanding.
Nearly 9.41% of Simply Good Foods Co’s shares belong to company insiders and institutional investors own 88.23% of the company’s shares. The stock has fallen by -13.13% 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.
