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Six Flags Entertainment Corp (SIX) – Don’t Be So Quick to Call it Dead

Six Flags Entertainment Corp (NYSE: SIX) is -5.18% lower on its value in year-to-date trading and has touched a low of $18.29 and a high of $28.99 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 SIX stock was last observed hovering at around $24.33 in the last trading session, with the day’s loss setting it -0.55%.

Currently trading at $23.78, the stock is -5.79% and -6.06% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.91 million and changing -2.26% at the moment leaves the stock -0.85% off its SMA200. SIX registered -5.97% loss for a year compared to 6-month gain of 12.86%.

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The stock witnessed a -8.22% loss in the last 1 month and extending the period to 3 months gives it a -1.61%, and is -2.50% 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 3.35% over the week and 2.94% over the month.

Six Flags Entertainment Corp (SIX) has around 1350 employees, a market worth around $2.00B and $1.43B in sales. Current P/E ratio is 51.81 and Fwd P/E is 10.96. Profit margin for the company is 2.74%. Distance from 52-week low is 30.02% and -17.97% from its 52-week high. The company has generated returns on investments over the last 12 months (2.81%).

The EPS is expected to grow by 283.36% this year

The shares outstanding are 84.12M, and float is at 82.71M with Short Float at 7.67%.

Six Flags Entertainment Corp (SIX) Insider Activity

The most recent transaction is an insider sale by Williams-Ramey Aimee, the company’s Former Chief Legal Officer. SEC filings show that Williams-Ramey Aimee sold 11,630 shares of the company’s common stock on Sep 08 ’23 at a price of $24.45 per share for a total of $0.28 million. Following the sale, the insider now owns 0.0 shares.

Six Flags Entertainment Corp disclosed in a document filed with the SEC on Jun 09 ’23 that Mick Gary (CHIEF FINANCIAL OFFICER) bought a total of 5,812 shares of the company’s common stock. The trade occurred on Jun 09 ’23 and was made at $26.98 per share for $0.16 million. Following the transaction, the insider now directly holds 89737.0 shares of the SIX stock.

Still, SEC filings show that on May 26 ’23, Mick Gary (CHIEF FINANCIAL OFFICER) acquired 1,500 shares at an average price of $25.36 for $38047.0. The insider now directly holds 84,737 shares of Six Flags Entertainment Corp (SIX).

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