Fox Factory Holding Corp. (NASDAQ:FOXF) previous close was $154.65 while the outstanding shares total 41.85M. The firm has a beta of 1.81, a 12-month trailing P/E ratio of 53.71, and a growth ratio of 3.58. FOXF’s shares traded lower over the last trading session, losing -0.37% on 05/27/21. The shares fell to a low of $154.00 before closing at $154.08. Intraday shares traded counted 0.52 million, which was -75.91% lower than its 30-day average trading volume of 294.66K. The stock’s Relative Strength Index (RSI) is 53.70, with weekly volatility at 3.06% and ATR at 5.75. The FOXF stock’s 52-week price range has touched low of $67.75 and a $166.88 high.
Investors have identified the Recreational Vehicles company Fox Factory Holding Corp. 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 $6.46 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.
Fox Factory Holding Corp. (FOXF) 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 FOXF, the company has in raw cash 291.47 million on their books with 12.5 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 650.85 million total, with 198.03 million as their total liabilities.
FOXF were able to record 49.14 million as free cash flow during the 08/04/2021 quarter of the year, this saw their quarterly net cash flow reduce by 45.71 million. In cash movements, the company had a total of 66.03 million as operating cash flow.
Potential earnings growth for Fox Factory Holding Corp. (FOXF)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 08/04/2021 quarter of the year, Fox Factory Holding Corp. recorded a total of 281.14 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 34.42% coming in sequential stages and their sales for the 08/04/2021 quarter increasing by 6.67%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 183.21 million trying to sell their products during the last quarter, with the result yielding a gross income of 97.92 million. This allows shareholders to hold on to 41.85M with the recently reported earning now reading 0.91 cents per share. This is a figure that compared to analyst’s prediction for their 08/04/2021 (1.05 cents a share).
Having a look at the company’s valuation, the company is expected to record 4.44 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 FOXF sounds very interesting.
Is the stock of FOXF attractive?
In related news, SEE REMARKS (A), WINTERS RICHARD T. sold 3,293 shares of the company’s stock in a transaction that recorded on May 21. The sale was performed at an average price of 154.97, for a total value of 510,322. As the sale deal closes, the SEE REMARKS (A), Tutton Christopher now sold 5,260 shares of the company’s stock, valued at 815,309. Also, Director, FETTER ELIZABETH A sold 1,000 shares of the company’s stock in a deal that was recorded on May 11. The shares were price at an average price of 154.82 per share, with a total market value of 154,816. Following this completion of acquisition, the CHIEF EXECUTIVE OFFICER, DENNISON MICHAEL C. now holds 4,264 shares of the company’s stock, valued at 579,331. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.40%.
4 out of 9 analysts covering the stock have rated it a Buy, while 5 have maintained a Hold recommendation on Fox Factory Holding Corp.. 0 analysts has assigned a Sell rating on the FOXF stock. The 12-month mean consensus price target for the company’s shares has been set at $162.29.