During the last session, Noodles & Company (NASDAQ:NDLS)’s traded shares were 0.44 million, with the beta value of the company hitting 1.63. At the end of the trading day, the stock’s price was $0.71, reflecting an intraday gain of 20.81% or $0.12. The 52-week high for the NDLS share is $3.10, that puts it down -336.62 from that peak though still a striking 22.54% gain since the share price plummeted to a 52-week low of $0.55. The company’s market capitalization is $32.44M, and the average intraday trading volume over the past 10 days was 0.33 million shares, and the average trade volume was 217.80K shares over the past three months.

Noodles & Company (NDLS) received a consensus recommendation of Hold from analysts. That translates to a mean rating of 1.00. NDLS has a Sell rating from 0 analyst(s) out of 3 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 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 -0.14.

Noodles & Company (NASDAQ:NDLS) trade information

Noodles & Company (NDLS) registered a 20.81% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 20.81% in intraday trading to $0.71, hitting a weekly high. The stock’s 5-day price performance is 5.97%, and it has moved by -5.00% in 30 days. Based on these gigs, the overall price performance for the year is -76.01%. The short interest in Noodles & Company (NASDAQ:NDLS) is 0.76 million shares and it means that shorts have 3.9 day(s) to cover.

The consensus price target of analysts on Wall Street is $6, which implies an increase of 88.17% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $5 and $7 respectively. As a result, NDLS is trading at a discount of -885.92% off the target high and -604.23% off the low.

Noodles & Company (NDLS) estimates and forecasts

Statistics show that Noodles & Company has underperformed its competitors in share price, compared to the industry in which it operates. Noodles & Company (NDLS) shares have gone down -54.49% during the last six months, with a year-to-date growth rate less than the industry average at -318.18% against 1.50. In the rating firms’ projections, revenue will decrease -2.09% 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 121.36M as predicted by 3 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to 120.26M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 124.32M and 121.39M respectively. In this case, analysts expect current quarter sales to shrink by -2.38% and then drop by -0.93% 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 -1.51%. While earnings are projected to return -312.12% in 2025, the next five years will return 10.00% per annum.

NDLS Dividends

Noodles & Company is due to release its next quarterly earnings in February. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

Noodles & Company (NASDAQ:NDLS)’s Major holders

Noodles & Company insiders own 6.12% of total outstanding shares while institutional holders control 64.22%, with the float percentage being 68.41%. MILL ROAD CAPITAL MANAGEMENT LLC is the largest shareholder of the company, while 77.0 institutions own stock in it. As of 2024-06-30, the company held over 6.97 million shares (or 15.4512% of all shares), a total value of $11.01 million in shares.

The next largest institutional holding, with 4.31 million shares, is of NANTAHALA CAPITAL MANAGEMENT, LLC’s that is approximately 9.5572% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $6.81 million.