In recent trading session, Noodles & Company (NASDAQ:NDLS) saw 0.47 million shares changing hands at last check today with its beta currently measuring 1.71. Company’s recent per share price level of $1.03 trading at -$0.17 or -13.75% at last check today assigns it a market valuation of $47.23M. That most recent trading price of NDLS’s stock is at a discount of -239.81% from its 52-week high price of $3.50 and is indicating a discount of -2.91% from its 52-week low price of $1.06. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.13 million shares which gives us an average trading volume of 140.97K if we extend that period to 3-months.
For Noodles & Company (NDLS), analysts’ consensus is at an average recommendation of Hold while assigning it a mean rating of 1.00. Splitting up the data highlights that, out of 3 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 2 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.09 in the current quarter.
Noodles & Company (NASDAQ:NDLS) trade information
Upright in the red during last session for losing -13.75%, in the last five days NDLS remained trading in the red while hitting it’s week-highest on Wednesday, 11/06/24 when the stock touched $1.03 price level, adding 17.6% to its value on the day. Noodles & Company’s shares saw a change of -67.14% in year-to-date performance and have moved -10.78% in past 5-day. Noodles & Company (NASDAQ:NDLS) showed a performance of -5.91% in past 30-days. Number of shares sold short was 0.5 million shares which calculate 3.19 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 6 to the stock, which implies a rise of 82.83% to its recent value today. Analysts have been projecting 5 as a low price target for the stock while placing it at a high target of 7. It follows that stock’s current price would drop -385.44% in reaching the projected high whereas dropping to the targeted low would mean a loss of -385.44% 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 -51.86% of value to its shares in past 6 months, showing an annual growth rate of -200.00% while that of industry is 2.70. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -0.90% from the last financial year’s standing.
3 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 124.38M for the same.
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 -1.51% during past 5 years. In 2024, company’s earnings growth rate is likely to be around -242.42% while estimates for its earnings growth in next 5 years are of 10.00%.
Noodles & Company (NASDAQ:NDLS)’s Major holders
Insiders are in possession of 10.71% of company’s total shares while institution are holding 68.74 percent of that, with stock having share float percentage of 76.98%. Investors also watch the number of corporate investors in a company very closely, which is 68.74% institutions for Noodles & Company that are currently holding shares of the company. MILL ROAD CAPITAL MANAGEMENT LLC is the top institutional holder at NDLS for having 6.97 million shares of worth $11.01 million. And as of 2024-06-30, it was holding 15.4512 of the company’s outstanding shares.
The second largest institutional holder is NANTAHALA CAPITAL MANAGEMENT, LLC, which was holding about 4.31 million shares on 2024-06-30. The number of shares represents firm’s hold over 9.5572 of outstanding shares, having a total worth of $6.81 million.
