Six Flags Entertainment Corporation (NYSE:SIX) has a beta value of 2.52 and has seen 1,676,439 shares traded in the last trading session. The company, currently valued at $3.89 Billion, closed the last trade at $45.5 per share which meant it lost -$1.48 on the day or -3.15% during that session. The SIX stock price is -13.74% off its 52-week high price of $51.75 and 71.08% above the 52-week low of $13.16. If we look at the company’s 10-day average daily trading volume, we find that it stood at 889.33 Million shares traded. The 3-month trading volume is 1.65 Million shares.
The consensus among analysts is that Six Flags Entertainment Corporation (SIX) is an Overweight stock at the moment, with a recommendation rating of 2.2. None of the analysts rate the stock as a Sell, while none rate it as Overweight. 6 out of 14 have rated it as a Hold, with 8 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is -$0.2.
Six Flags Entertainment Corporation (NYSE:SIX) trade information
Despite being -3.15% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on Thursday, Apr 29 when the SIX stock price touched $50.07- or saw a rise of 9.13%. Year-to-date, Six Flags Entertainment Corporation shares have moved 33.43%, while the 5-day performance has seen it change -5.11%. Over the past 30 days, the shares of Six Flags Entertainment Corporation (NYSE:SIX) have changed -4.01%. Short interest in the company has seen 5.24 Million shares shorted with days to cover at 3.18.
Wall Street analysts have a consensus price target for the stock at $53.18, which means that the shares’ value could jump 16.88% from current levels. The projected low price target is $36 while the price target rests at a high of $73. In that case, then, we find that the current price level is +60.44% off the targeted high while a plunge would see the stock lose -20.88% from current levels.
Six Flags Entertainment Corporation (SIX) estimates and forecasts
Figures show that Six Flags Entertainment Corporation shares have outperformed across the wider relevant industry. The company’s shares have gained +117.6% over the past 6 months, with this year growth rate of 87.58%, compared to 38.6% for the industry. Other than that, the company has, however Increased its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are 87.7% and 173% for the next quarter. Revenue growth from the last financial year stood is estimated to be +213.9%.
12 analysts offering their estimates for the company have set an average revenue estimate of $322.6 Million for the current quarter. 12 have an estimated revenue figure of $481.14 Million for the next quarter concluding in September 01, 2021. Year-ago sales stood $50.56 Million for this quarter, and analysts expect sales will grow by 538.1% for the current quarter.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -38.8% over the past 5 years. Earnings growth for 2021 is a modest -336.9% while over the next 5 years, the company’s earnings are expected to increase by -14.96%.
Six Flags Entertainment Corporation (NYSE:SIX)’s Major holders
Insiders own 1.98% of the company shares, while shares held by institutions stand at 89.44% with a share float percentage of 91.25%. Investors are also buoyed by the number of investors in a company, with Six Flags Entertainment Corporation having a total of 386 institutions that hold shares in the company. The top two institutional holders are H Partners Management, LLC with over 7.8 Million shares worth more than $265.98 Million. As of December 30, 2020, H Partners Management, LLC held 9.13% of shares outstanding.
The other major institutional holder is Vanguard Group Inc. (The), with the holding of over 7.09 Million shares as of December 30, 2020. The firm’s total holdings are worth over $241.88 Million and represent 8.31% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Smallcap World Fund and Vanguard Total Stock Market Index Fund. As of December 30, 2020, the former fund manager holds about 4.91% shares in the company for having 4193532 shares of worth $143Million while later fund manager owns 2.28 Million shares of worth $77.87 Million as of December 30, 2020, which makes it owner of about 2.67% of company’s outstanding stock.