During the last session, Traeger Inc (NYSE:COOK)’s traded shares were 0.67 million, with the beta value of the company hitting 1.23. At the end of the trading day, the stock’s price was $3.74, reflecting an intraday loss of -2.35% or -$0.09. The 52-week high for the COOK share is $3.96, that puts it down -5.88 from that peak though still a striking 47.33% gain since the share price plummeted to a 52-week low of $1.97. The company’s market capitalization is $484.22M, and the average intraday trading volume over the past 10 days was 0.23 million shares, and the average trade volume was 275.80K shares over the past three months.
Traeger Inc (COOK) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.40. COOK has a Sell rating from 0 analyst(s) out of 4 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 2 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.06.
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Traeger Inc (NYSE:COOK) trade information
Traeger Inc (COOK) registered a -2.35% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -2.35% in intraday trading to $3.74, hitting a weekly high. The stock’s 5-day price performance is 6.86%, and it has moved by 12.31% in 30 days. Based on these gigs, the overall price performance for the year is 9.36%. The short interest in Traeger Inc (NYSE:COOK) is 1.45 million shares and it means that shorts have 3.7 day(s) to cover.
The consensus price target of analysts on Wall Street is $3.75, which implies an increase of 0.27% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $2.5 and $6 respectively. As a result, COOK is trading at a discount of -60.43% off the target high and 33.16% off the low.
Traeger Inc (COOK) estimates and forecasts
Statistics show that Traeger Inc has outperformed its competitors in share price, compared to the industry in which it operates. Traeger Inc (COOK) shares have gone up 45.53% during the last six months, with a year-to-date growth rate more than the industry average at 127.27% against 1.30. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 50.00% this quarter and then jump 112.50% in the quarter after that. In the rating firms’ projections, revenue will decrease -1.30% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 118.77M as predicted by 9 analyst(s). Meanwhile, a consensus of 9 analyst(s) estimates revenue growth to 165.82M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 117.73M and 163.48M respectively. In this case, analysts expect current quarter sales to grow by 0.90% and then jump by 1.40% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -28.31%. While earnings are projected to return 135.83% in 2024, the next five years will return 12.86% per annum.
COOK Dividends
Traeger Inc is due to release its next quarterly earnings on 2024-Aug-06. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Traeger Inc (NYSE:COOK)’s Major holders
Traeger Inc insiders own 15.02% of total outstanding shares while institutional holders control 75.69%, with the float percentage being 89.07%. ONTARIO TEACHERS PENSION PLAN BOARD is the largest shareholder of the company, while 134.0 institutions own stock in it. As of 2024-06-30, the company held over 24.69 million shares (or 19.7234% of all shares), a total value of $59.26 million in shares.
The next largest institutional holding, with 6.5 million shares, is of CAPITAL WORLD INVESTORS’s that is approximately 5.1915% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $15.6 million.
