The Simply Good Foods Company (NASDAQ:SMPL) shares fell to a low of $27.84 before closing at $28.12. Intraday shares traded counted 0.45 million, which was 58.39% higher than its 30-day average trading volume of 1.09M. SMPL’s previous close was $28.55 while the outstanding shares total 95.54M. The firm has a beta of 0.97, a 12-month trailing P/E ratio of 45.14, and a growth ratio of 7.52. The stock’s Relative Strength Index (RSI) is 44.41, with weekly volatility at 3.34% and ATR at 0.94. The SMPL stock’s 52-week price range has touched low of $14.08 and a $32.03 high. The stock traded lower over the last trading session, losing -1.51% on 02/19/21.
Investors have identified the Packaged Foods company The Simply Good Foods Company as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $2.73 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
The Simply Good Foods Company (SMPL) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For SMPL, the company has in raw cash 91.48 million on their books with 0.28 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on an incline. In terms of their assets, the company currently has 278.95 million total, with 75.38 million as their total liabilities.
Having a look at the company’s valuation, the company is expected to record 1.17 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on SMPL sounds very interesting.
Is the stock of SMPL attractive?
In related news, VP, Controller and CAO, Matthews Timothy Allen sold 9,000 shares of the company’s stock in a transaction that recorded on Feb 02. The sale was performed at an average price of 29.76, for a total value of 267,840. As the sale deal closes, the Director, Montgomery Robert G. now bought 2,000 shares of the company’s stock, valued at 37,960. Also, Director, WHITE JAMES D bought 2,780 shares of the company’s stock in a deal that was recorded on May 06. The shares were price at an average price of 17.97 per share, with a total market value of 49,953. Following this completion of acquisition, the Director, KILTS JAMES M now holds 87,862 shares of the company’s stock, valued at 1,483,374. In the last 6 months, insiders have changed their ownership in shares of company stock by 2.00%.
8 out of 13 analysts covering the stock have rated it a Buy, while 3 have maintained a Hold recommendation on The Simply Good Foods Company. 0 analysts has assigned a Sell rating on the SMPL stock. The 12-month mean consensus price target for the company’s shares has been set at $32.91.