Traeger Inc (NYSE: COOK) is 7.11% higher on its value in year-to-date trading and has touched a low of $1.97 and a high of $3.97 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 COOK stock was last observed hovering at around $2.44 in the last trading session, with the day’s gains setting it 0.12%.
Currently trading at $2.56, the stock is 5.35% and -9.44% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.22 million and changing 4.92% at the moment leaves the stock -7.37% off its SMA200. COOK registered 15.84% gain for a year compared to 6-month gain of 7.56%. The firm has a 50-day simple moving average (SMA 50) of $2.827 and a 200-day simple moving average (SMA200) of $2.7638.
The stock witnessed a -15.79% loss in the last 1 month and extending the period to 3 months gives it a -24.26%, and is 12.78% 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 5.34% over the week and 5.08% over the month.
Traeger Inc (COOK) has around 641 employees, a market worth around $334.34M and $598.91M in sales. Fwd P/E is 14.95. Profit margin for the company is -8.53%. Distance from 52-week low is 29.87% and -35.52% from its 52-week high. The company has generated returns on investments over the last 12 months (-7.24%).
The EPS is expected to grow by 130.08% this year.
Traeger Inc (COOK) Top Institutional Holders
133.0 institutions hold shares in Traeger Inc (COOK), with institutional investors hold 89.98% of the company’s shares. The shares outstanding are 130.43M, and float is at 58.59M with Short Float at 1.56%. Institutions hold 75.86% of the Float.
The top institutional shareholder in the company is ONTARIO TEACHERS PENSION PLAN BOARD with over 24.69 million shares valued at $59.26 million. The investor’s holdings represent 19.7234% of the COOK Shares outstanding. As of 2024-06-30, the second largest holder is CAPITAL WORLD INVESTORS with 6.5 million shares valued at $15.6 million to account for 5.1915 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 2.77 million shares representing 2.2134% and valued at over $6.65 million, while BLACKROCK INC. holds 2.1326 of the shares totaling 2.67 million with a market value of $6.41 million.
Traeger Inc (COOK) Insider Activity
The most recent transaction is an insider purchase by ANDRUS JEREMY, the company’s Chief Executive Officer. SEC filings show that ANDRUS JEREMY bought 226,684 shares of the company’s common stock on May 23 ’24 at a price of $2.21 per share for a total of $0.5 million. Following the purchase, the insider now owns 7.66 million shares.
Traeger Inc disclosed in a document filed with the SEC on May 22 ’24 that ANDRUS JEREMY (Chief Executive Officer) bought a total of 165,000 shares of the company’s common stock. The trade occurred on May 22 ’24 and was made at $2.17 per share for $0.36 million. Following the transaction, the insider now directly holds 7.43 million shares of the COOK stock.
Still, SEC filings show that on May 21 ’24, ANDRUS JEREMY (Chief Executive Officer) acquired 63,323 shares at an average price of $2.21 for $0.14 million. The insider now directly holds 7,263,887 shares of Traeger Inc (COOK).
