Simply Good Foods Co (NASDAQ: SMPL) is -9.92% lower on its value in year-to-date trading and has touched a low of $30.00 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 $36.05 in the last trading session, with the day’s loss setting it -0.38%.
Currently trading at $35.67, the stock is 5.43% and 5.81% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.17 million and changing -1.05% at the moment leaves the stock 2.53% off its SMA200. SMPL registered -6.18% loss for a year compared to 6-month loss of -5.08%. The firm has a 50-day simple moving average (SMA 50) of $33.632 and a 200-day simple moving average (SMA200) of $34.80975.
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The stock witnessed a 7.05% gain in the last 1 month and extending the period to 3 months gives it a 9.52%, and is 5.97% up 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 1.82% over the week and 1.93% over the month.
Simply Good Foods Co (SMPL) has around 316 employees, a market worth around $3.57B and $1.33B in sales. Current P/E ratio is 25.92 and Fwd P/E is 16.80. Profit margin for the company is 10.46%. Distance from 52-week low is 18.90% and -17.05% from its 52-week high. The company has generated returns on investments over the last 12 months (6.45%).
Simply Good Foods Co quarterly earnings per share for the current quarter are estimated at 0.47 with sales reaching $346.58M over the same period.The EPS is expected to grow by 4.52% this year, but quarterly earnings will post 10.30% year-over-year. Quarterly sales are estimated to grow 12.10% in year-over-year returns.
371.0 institutions hold shares in Simply Good Foods Co (SMPL), with institutional investors hold 101.59% of the company’s shares. The shares outstanding are 100.15M, and float is at 90.63M with Short Float at 5.70%. Institutions hold 93.03% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 13.82 million shares valued at $499.34 million. The investor’s holdings represent 13.8172 of the SMPL Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 11.28 million shares valued at $407.41 million to account for 11.2734 of the shares outstanding. The other top investors are FMR LLC which holds 4.27 million shares representing 4.2727 and valued at over $154.41 million, while CAPITAL WORLD INVESTORS holds 4.2673 of the shares totaling 4.27 million with a market value of $154.22 million.
Simply Good Foods Co (SMPL) Insider Activity
Still, SEC filings show that on Nov 06 ’24, SCALZO JOSEPH (Officer) Proposed Sale 25,000 shares at an average price of $35.99 for $0.9 million. The insider now directly holds shares of Simply Good Foods Co (SMPL).
