In last trading session, Traeger Inc (NYSE:COOK) saw 0.39 million shares changing hands with its beta currently measuring 1.05. Company’s recent per share price level of $2.16 trading at -$0.1 or -4.42% at ring of the bell on the day assigns it a market valuation of $276.35M. That closing price of COOK’s stock is at a discount of -210.19% from its 52-week high price of $6.70 and is indicating a premium of 8.8% from its 52-week low price of $1.97. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.22 million shares which gives us an average trading volume of 340.67K if we extend that period to 3-months.
Traeger Inc (NYSE:COOK) trade information
Upright in the red during last session for losing -4.42%, in the last five days COOK remained trading in the red while hitting it’s week-highest on Tuesday, 04/09/24 when the stock touched $2.16 price level, adding 15.29% to its value on the day. Traeger Inc’s shares saw a change of -20.88% in year-to-date performance and have moved -6.90% in past 5-day. Traeger Inc (NYSE:COOK) showed a performance of -9.62% in past 30-days. Number of shares sold short was 1.96 million shares which calculate 3.95 days to cover the short interests.
Traeger Inc (COOK) estimates and forecasts
Statistics highlight that Traeger Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -20.00% of value to its shares in past 6 months, showing an annual growth rate of 113.64% while that of industry is 19.00. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -2.30% from the last financial year’s standing.
9 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $143.91 million for the same. And 9 analysts are in estimates of company making revenue of $167.41 million in the next quarter that will end on Jun 2024. Company posted $153.16 million and $154.89 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to shrink by -6.00% while estimating it to be 8.10% 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 -28.31% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 96.15% while estimates for its earnings growth in next 5 years are of 12.86%.
COOK Dividends
Traeger Inc is more likely to be releasing its next quarterly report between May 11 and May 17 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.
Traeger Inc (NYSE:COOK)’s Major holders
Insiders are in possession of 13.56% of company’s total shares while institution are holding 77.62 percent of that, with stock having share float percentage of 89.80%. Investors also watch the number of corporate investors in a company very closely, which is 77.62% institutions for Traeger Inc that are currently holding shares of the company. Ontario Teachers’ Pension Plan Board is the top institutional holder at COOK for having 24.69 million shares of worth $104.95 million. And as of Jun 29, 2023, it was holding 19.92% of the company’s outstanding shares.
The second largest institutional holder is Trilantic Capital Management L.p., which was holding about 17.99 million shares on Sep 29, 2022. The number of shares represents firm’s hold over 14.51% of outstanding shares, having a total worth of $50.72 million.
On the other hand, Fidelity Small Cap Value Fund and Smallcap World Fund are the top two Mutual Funds which own company’s shares. As of Jul 30, 2023, the former fund manager was holding 6.61 million shares of worth $29.46 million or 5.33% of the total outstanding shares. The later fund manager was in possession of 6.2 million shares on Jun 29, 2023, making its stake of worth around $26.33 million in the company or a holder of 5.00% of company’s stock.
