Is There More Upside Ahead For Six Flags Entertainment Corp. (NYSE: FUN)

Six Flags Entertainment Corp. (FUN) concluded trading on Wednesday at a closing price of $53.46, with 3.11 million shares of worth about $166.13 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 38.43% during that period and on July 10, 2024 the price saw a loss of about -3.54%. Currently the company’s common shares owned by public are about 100.23M shares, out of which, 90.17M shares are available for trading.

Stock saw a price change of -2.61% in past 5 days and over the past one month there was a price change of 22.17%. Year-to-date (YTD), FUN shares are showing a performance of 34.32% which increased to 37.25% 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 $58.70 during that period. The average intraday trading volume for Six Flags Entertainment Corp. shares is 743.51K. The stock is currently trading 4.53% above its 20-day simple moving average (SMA20), while that difference is up 16.61% for SMA50 and it goes to 30.85% higher than SMA200.

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Six Flags Entertainment Corp. (NYSE: FUN) currently have 100.23M outstanding shares and institutions hold larger chunk of about 35.78% of that.

The stock has a current market capitalization of $5.36B and its 3Y-monthly beta is at 1.55. PE ratio of stock for trailing 12 months is 22.04, 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 4.69% while standing at 4.94% over the month.

Stock’s fiscal year EPS is expected to rise by 26.35% while it is estimated to increase by 22.25% 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 Truist on July 09, 2024 offering a Buy rating for the stock and assigned a target price of $62 to it. Coverage by Mizuho stated Six Flags Entertainment Corp. (FUN) stock as a Buy in their note to investors on March 26, 2024, suggesting a price target of $56 for the stock. On February 08, 2024, Oppenheimer Initiated their recommendations, while on November 03, 2023, Citigroup Upgrade their ratings for the stock with a price target of $46. Stock get a Neutral rating from Citigroup on July 07, 2023.

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