Noodles & Company (NASDAQ:NDLS)’s traded shares stood at 0.74 million during the last session, with the company’s beta value hitting 1.59. At the close of trading, the stock’s price was $0.61, to imply a decrease of -8.81% or -$0.06 in intraday trading. The NDLS share’s 52-week high remains $3.50, putting it -473.77% down since that peak but still an impressive 1.64% since price per share fell to its 52-week low of $0.60. The company has a valuation of $27.91M, with an average of 0.16 million shares in intraday trading volume over the past 10 days and average of 186.60K shares over the past 3 months.
Analysts have given a consensus recommendation of Hold for Noodles & Company (NDLS), translating to a mean rating of 1.00. Of 3 analyst(s) looking at the stock, 0 analyst(s) give NDLS a Sell rating. 0 of those analysts rate the stock as Overweight while 2 advise Hold as 1 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.14.
Noodles & Company (NASDAQ:NDLS) trade information
After registering a -8.81% downside in the last session, Noodles & Company (NDLS) has traded red over the past five days. The 5-day price performance for the stock is -10.15%, and -12.34% over 30 days. With these gigs, the year-to-date price performance is -80.60%. Short interest in Noodles & Company (NASDAQ:NDLS) saw shorts transact 0.77 million shares and set a 3.59 days time to cover.
The extremes give us $5 and $7 for target low and target high price respectively. As such, NDLS has been trading -1047.54% off suggested target high and -719.67% from its likely low.
Noodles & Company (NDLS) estimates and forecasts
Looking at statistics comparing Noodles & Company share performance against respective industry, we note that the company has underperformed competitors. Noodles & Company (NDLS) shares are -61.33% down over the last 6 months, with its year-to-date growth rate lower than industry average at -318.18% against 1.60%. The rating firms project that company’s revenue will shrink -2.09% compared to the previous financial year.
Revenue forecast for the current quarter as set by 3 analysts is 121.36M. Meanwhile, for the current quarter, a total of 1 analyst(s) estimate revenue growth to 120.26M.Earnings reports from the last fiscal year show that sales brought in 124.32M and 121.39M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -2.38% before dropping -0.93% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings shrunk an estimated -1.51% for the past 5-year period. While 2024 is set for a -312.12% return in earnings, projections for the next 5 years are at 10.00% annually.
NDLS Dividends
Noodles & Company has its next earnings report out in January. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Noodles & Company (NASDAQ:NDLS)’s Major holders
Noodles & Company insiders hold 10.81% of total outstanding shares, with institutional holders owning 64.56% of the shares at 72.39% float percentage. In total, 64.56% institutions holds shares in the company, led by MILL ROAD CAPITAL MANAGEMENT LLC. As of 2024-06-30, the company held over 6.97 million shares (or 15.4512% of shares), all amounting to roughly $11.01 million.
The next major institution holding the largest number of shares is NANTAHALA CAPITAL MANAGEMENT, LLC with 4.31 million shares, or about 9.5572% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $6.81 million.
