Noodles & Company (NASDAQ: NDLS) is 10.40% higher on its value in year-to-date trading and has touched a low of $0.55 and a high of $3.10 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The NDLS stock was last observed hovering at around $0.73 in the last trading session, with the day’s loss setting it -0.09%.
Currently trading at $0.64, the stock is -4.94% and -19.56% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.43 million and changing -12.35% at the moment leaves the stock -54.13% off its SMA200. NDLS registered -79.32% loss for a year compared to 6-month loss of -59.04%. The firm has a 50-day simple moving average (SMA 50) of $0.8056 and a 200-day simple moving average (SMA200) of $1.3994.
The stock witnessed a 1.75% gain in the last 1 month and extending the period to 3 months gives it a -40.83%, and is 10.40% 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 16.20% over the week and 11.29% over the month.
Noodles & Company (NDLS) has around 7600 employees, a market worth around $29.19M and $495.82M in sales. Profit margin for the company is -6.59%. Distance from 52-week low is 16.18% and -79.39% from its 52-week high. The company has generated returns on investments over the last 12 months (-12.58%).
The EPS is expected to shrink by -312.12% this year
77.0 institutions hold shares in Noodles & Company (NDLS), with institutional investors hold 68.41% of the company’s shares. The shares outstanding are 45.68M, and float is at 32.47M with Short Float at 2.33%. Institutions hold 64.22% of the Float.
The top institutional shareholder in the company is MILL ROAD CAPITAL MANAGEMENT LLC with over 6.97 million shares valued at $11.01 million. The investor’s holdings represent 15.4512 of the NDLS Shares outstanding. As of 2024-06-30, the second largest holder is NANTAHALA CAPITAL MANAGEMENT, LLC with 4.31 million shares valued at $6.81 million to account for 9.5572 of the shares outstanding. The other top investors are ROYCE & ASSOCIATES LP which holds 2.5 million shares representing 5.5476 and valued at over $3.95 million, while VANGUARD GROUP INC holds 4.8044 of the shares totaling 2.17 million with a market value of $3.42 million.
