Cedar Fair L.P. (FUN) concluded trading on Thursday at a closing price of $53.69, with 2.61 million shares of worth about $140.2 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 38.20% during that period and on June 27, 2024 the price saw a gain of about 5.34%. Currently the company’s common shares owned by public are about 51.01M shares, out of which, 45.85M shares are available for trading.
Stock saw a price change of 5.46% in past 5 days and over the past one month there was a price change of 22.55%. Year-to-date (YTD), FUN shares are showing a performance of 34.90% which increased to 32.50% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $34.04 but also hit the highest price of $52.53 during that period. The average intraday trading volume for Cedar Fair L.P. shares is 224.77K. The stock is currently trading 16.00% above its 20-day simple moving average (SMA20), while that difference is up 24.37% for SMA50 and it goes to 33.46% higher than SMA200.
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Cedar Fair L.P. (NYSE: FUN) currently have 51.01M outstanding shares and institutions hold larger chunk of about 57.07% of that.
The stock has a current market capitalization of $2.75B and its 3Y-monthly beta is at 1.54. PE ratio of stock for trailing 12 months is 22.13, while it has posted earnings per share of $2.43 in the same period. It has Quick Ratio of 0.32. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for FUN, volatility over the week remained 5.33% while standing at 4.23% over the month.
Stock’s fiscal year EPS is expected to rise by 42.27% while it is estimated to increase by 20.24% in next year. EPS is likely to shrink at an annualized rate of -2.12% for next 5-years, compared to annual growth of 1.66% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Mizuho on March 26, 2024 offering a Buy rating for the stock and assigned a target price of $56 to it. Coverage by Oppenheimer stated Cedar Fair L.P. (FUN) stock as an Outperform in their note to investors on February 08, 2024, suggesting a price target of $49 for the stock. On November 03, 2023, Citigroup Upgrade their recommendations, while on July 07, 2023, Citigroup Downgrade their ratings for the stock with a price target of $41. Stock get a Buy rating from Goldman on May 31, 2023.
