In last trading session, Noodles & Company (NASDAQ:NDLS) saw 0.44 million shares changing hands with its beta currently measuring 1.62. Company’s recent per share price level of $3.05 trading at $0.08 or 2.52% at ring of the bell on the day assigns it a market valuation of $141.61M. That closing price of NDLS’s stock is at a discount of -114.75% from its 52-week high price of $6.55 and is indicating a premium of 35.74% from its 52-week low price of $1.96. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.61 million shares which gives us an average trading volume of 471.07K if we extend that period to 3-months.
For Noodles & Company (NDLS), analysts’ consensus is at an average recommendation of an Overweight while assigning it a mean rating of 1.50. Splitting up the data highlights that, out of 4 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 3 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.02 in the current quarter.
Noodles & Company (NASDAQ:NDLS) trade information
Upright in the green during last session for gaining 2.52%, in the last five days NDLS remained trading in the green while hitting it’s week-highest on Wednesday, 11/15/23 when the stock touched $3.05 price level, adding 5.86% to its value on the day. Noodles & Company’s shares saw a change of -44.44% in year-to-date performance and have moved 16.41% in past 5-day. Noodles & Company (NASDAQ:NDLS) showed a performance of 33.19% in past 30-days. Number of shares sold short was 2.23 million shares which calculate 7.93 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $4.63 to the stock, which implies a rise of 34.13% to its current value. Analysts have been projecting $4.00 as a low price target for the stock while placing it at a high target of $5.00. It follows that stock’s current price would drop -63.93% in reaching the projected high whereas dropping to the targeted low would mean a loss of -31.15% for stock’s current value.
Noodles & Company (NDLS) estimates and forecasts
Statistics highlight that Noodles & Company is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -6.44% of value to its shares in past 6 months, showing an annual growth rate of -500.00% while that of industry is 17.50. Apart from that, the company came lowering its revenue forecast for fiscal year 2023. The company is estimating its revenue growth to decrease by -166.70% in the current quarter and calculating -20.00% decrease in the next quarter. This year revenue growth is estimated to fall -0.90% from the last financial year’s standing.
4 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $125.7 million for the same. And 2 analysts are in estimates of company making revenue of $128.48 million in the next quarter that will end on Mar 2024. Company posted $136.47 million and $126.08 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to shrink by -7.90% while estimating it to be 1.90% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 43.00% during past 5 years. In 2023, company’s earnings growth rate is likely to be around -375.00% while estimates for its earnings growth in next 5 years are of 10.00%.
Noodles & Company is more likely to be releasing its next quarterly report on November 07 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.