Noodles & Company (NASDAQ: NDLS) is -52.10% lower on its value in year-to-date trading and has touched a low of $0.55 and a high of $1.83 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 NDLS stock was last observed hovering at around $0.71 in the last trading session, with the day’s gains setting it 0.09%.
Currently trading at $0.8, the stock is 3.92% and -4.34% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.16 million and changing 12.55% at the moment leaves the stock -20.69% off its SMA200. NDLS registered 38.22% gain for a year compared to 6-month gain of 33.67%. The firm has a 50-day simple moving average (SMA 50) of $0.8364 and a 200-day simple moving average (SMA200) of $1.0086.
The stock witnessed a 6.67% loss in the last 1 month and extending the period to 3 months gives it a -32.20%, and is 11.78% 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 18.18% over the week and 10.23% over the month.
Noodles & Company (NDLS) has around 7300 employees, a market worth around $36.76M and $495.67M in sales. Profit margin for the company is -7.89%. Distance from 52-week low is 45.45% and -56.28% from its 52-week high. The company has generated returns on investments over the last 12 months (-16.01%).
with sales reaching $131.2M over the same period.The EPS is expected to grow by 17.78% this year, but quarterly earnings will post 3.30% year-over-year. Quarterly sales are estimated to grow 3.02% in year-over-year returns.
62.0 institutions hold shares in Noodles & Company (NDLS), with institutional investors hold 63.26% of the company’s shares. The shares outstanding are 45.94M, and float is at 31.91M with Short Float at 2.27%. Institutions hold 59.37% 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 15.3249 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 9.4791 of the shares outstanding. The other top investors are ROYCE & ASSOCIATES LP which holds 2.5 million shares representing 5.5022 and valued at over $3.95 million, while VANGUARD GROUP INC holds 4.7651 of the shares totaling 2.17 million with a market value of $3.42 million.
