Simply Good Foods Co (NASDAQ: SMPL) is -15.43% lower on its value in year-to-date trading and has touched a low of $31.06 and a high of $43.00 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SMPL stock was last observed hovering at around $35.74 in the last trading session, with the day’s loss setting it -2.25%.
Currently trading at $33.49, the stock is -2.88% and -9.50% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.81 million and changing -6.30% at the moment leaves the stock -8.88% off its SMA200. SMPL registered -10.53% loss for a year compared to 6-month gain of -4.20%. The firm has a 50-day simple moving average (SMA 50) of $2.79 and a 200-day simple moving average (SMA200) of $14.92.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a -4.80% loss in the last 1 month and extending the period to 3 months gives it a -14.68%, and is -1.64% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.09% over the week and 2.58% over the month.
Simply Good Foods Co (SMPL) has around 271 employees, a market worth around $3.34B and $1.25B in sales. Current P/E ratio is 25.37 and Fwd P/E is 16.73. Profit margin for the company is 10.66%. Distance from 52-week low is 7.82% and -22.12% from its 52-week high. The company has generated returns on investments over the last 12 months (6.96%).
Simply Good Foods Co quarterly earnings per share for the current quarter are estimated at $0.38 with sales reaching $319.46M over the same period.The EPS is expected to grow by 11.20% this year, but quarterly earnings will post 6.00% year-over-year.
369 institutions hold shares in Simply Good Foods Co (SMPL), with institutional investors hold 99.58% of the company’s shares. The shares outstanding are 99.56M, and float is at 90.47M with Short Float at 4.70%. Institutions hold 91.15% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 13.92 million shares valued at $466.12 million. The investor’s holdings represent 13.94% of the SMPL Shares outstanding. As of Dec 30, 2023, the second largest holder is Vanguard Group Inc with 10.93 million shares valued at $365.88 million to account for 10.95% of the shares outstanding. The other top investors are Capital World Investors which holds 6.16 million shares representing 6.17% and valued at over $206.35 million, while T. Rowe Price Investment Management, Inc. holds 3.42% of the shares totaling 3.41 million with a market value of $114.26 million.
Simply Good Foods Co (SMPL) Insider Activity
The most recent transaction is an insider sale by Montgomery Robert G., the company’s Director. SEC filings show that Montgomery Robert G. sold 2,500 shares of the company’s common stock on Jan 25 ’24 at a price of $39.36 per share for a total of $98400.0. Following the sale, the insider now owns 52738.0 shares.
Simply Good Foods Co disclosed in a document filed with the SEC on Jan 11 ’24 that Hunsberger Susan (SVP and Chief HR Officer) sold a total of 35,010 shares of the company’s common stock. The trade occurred on Jan 11 ’24 and was made at $40.63 per share for $1.42 million. Following the transaction, the insider now directly holds 30768.0 shares of the SMPL stock.
Still, SEC filings show that on Jan 08 ’24, Heflin Stuart E. Jr. (SVP & General Manager, Quest) disposed off 1,048 shares at an average price of $40.45 for $42396.0. The insider now directly holds 21,084 shares of Simply Good Foods Co (SMPL).
