Traeger Inc (NYSE: COOK) Has Dropped -20.76% So Far This Year. Does That Mean Trouble Ahead?

During the last session, Traeger Inc (NYSE:COOK)’s traded shares were 0.25 million, with the beta value of the company hitting 1.40. At the end of the trading day, the stock’s price was $1.87, reflecting an intraday loss of -0.53% or -$0.01. The 52-week high for the COOK share is $3.97, that puts it down -112.3 from that peak though still a striking 31.55% gain since the share price plummeted to a 52-week low of $1.28. The company’s market capitalization is $253.74M, and the average intraday trading volume over the past 10 days was 1.28 million shares, and the average trade volume was 404.76K shares over the past three months.

Traeger Inc (COOK) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.33. 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.

Traeger Inc (NYSE:COOK) trade information

Traeger Inc (COOK) registered a -0.53% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -0.53% in intraday trading to $1.87, hitting a weekly high. The stock’s 5-day price performance is 7.47%, and it has moved by 30.77% in 30 days. Based on these gigs, the overall price performance for the year is -20.76%. The short interest in Traeger Inc (NYSE:COOK) is 1.41 million shares and it means that shorts have 4.57 day(s) to cover.

The consensus price target of analysts on Wall Street is $2.5, which implies an increase of 25.2% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $2.5 and $2.5 respectively. As a result, COOK is trading at a discount of -33.69% off the target high and -33.69% off the low.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -1.17%. While earnings are projected to return -43.40% in 2025, the next five years will return 47.36% per annum.

COOK Dividends

Traeger Inc is due to release its next quarterly earnings on 2025-May-01. 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 18.64% of total outstanding shares while institutional holders control 72.27%, with the float percentage being 88.84%. ONTARIO TEACHERS PENSION PLAN BOARD is the largest shareholder of the company, while 135.0 institutions own stock in it. As of 2024-06-30, the company held over 24.69 million shares (or 19.4221% 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 5.1123% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $15.6 million.

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