In last trading session, Noodles & Company (NASDAQ:NDLS) saw 0.31 million shares changing hands with its beta currently measuring 1.59. Company’s recent per share price level of $0.68 trading at -$0.02 or -2.44% at ring of the bell on the day assigns it a market valuation of $31.06M. That closing price of NDLS’s stock is at a discount of -414.71% from its 52-week high price of $3.50 and is indicating a premium of 4.41% from its 52-week low price of $0.65. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.17 million shares which gives us an average trading volume of 175.16K 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 -0.14 in the current quarter.
Noodles & Company (NASDAQ:NDLS) trade information
Upright in the red during last session for losing -2.44%, in the last five days NDLS remained trading in the red while hitting it’s week-highest on Thursday, 11/21/24 when the stock touched $0.68 price level, adding 12.37% to its value on the day. Noodles & Company’s shares saw a change of -78.41% in year-to-date performance and have moved -5.16% in past 5-day. Noodles & Company (NASDAQ:NDLS) showed a performance of -42.37% in past 30-days. Number of shares sold short was 0.73 million shares which calculate 3.11 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 88.67% to its current value. 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 -635.29% in reaching the projected high whereas dropping to the targeted low would mean a loss of -635.29% 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 -63.24% of value to its shares in past 6 months, showing an annual growth rate of -318.18% while that of industry is 0.60. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -2.09% 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 121.36M for the same. And 1 analysts are in estimates of company making revenue of 120.26M in the next quarter. Company posted 124.32M and 121.39M of sales in current and next quarters respectively a year earlier.
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 -312.12% 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 10.81% of company’s total shares while institution are holding 64.62 percent of that, with stock having share float percentage of 72.45%. Investors also watch the number of corporate investors in a company very closely, which is 64.62% 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.
