Traeger Inc. (NYSE:COOK) price closed lower on Tuesday, September 14, dropping -4.12% below its previous close.
A look at the daily price movement shows that the last close reads $23.08, with intraday deals fluctuated between $21.30 and $23.2592. Taking into account the 52-week price action we note that the stock hit a 52-week high of $32.59 and 52-week low of $21.95. The stock subtracted -17.30% on its value in the past month.
Traeger Inc., which has a market valuation of $2.77 billion, is expected to release its quarterly earnings report Sep 09, 2021. Analysts tracking COOK have forecast the quarterly EPS to shrink by -0.08 per share this quarter, while the same analysts predict the annual EPS to hit $0.4 for the year 2021 and up to $0.65 for 2022.
On average, analysts have forecast the company’s revenue for the quarter will hit $140.88 million, with the likely lows of $137.1 million and highs of $142.1 million. Staying with the analyst view, there is a consensus estimate of $764.28 million for the company’s annual revenue in 2021.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with 6 upward and no downward reviews.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 10 analysts have assigned COOK a recommendation rating as follows: 1 rate it as a Hold; 8 advise Buy while 1 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the Traeger Inc. (COOK) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Buy, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
The overview shows that COOK’s price is at present -13.14% off the SMA20 and -15.27% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 41.54, with weekly volatility standing at 8.32%. The indicator jumps to 7.37% when calculated based on the past 30 days. Traeger Inc. (NYSE:COOK)’s beta value is holding at 0, while the average true range (ATR) indicator is currently reading 2.03. Considering analysts have assigned the stock a price target range of $28.00-$36.00 as the low and high respectively, we find the trailing 12-month average consensus price target to be $31.33. Based on this estimate, we see that current price is roughly -26.53% off the estimated low and -62.68% off the forecast high. Investors will no doubt be excited to see the share price fall to $31.00, which is the median consensus price, and at that level COOK would be -40.08% from current price.
An analysis of the Traeger Inc. (NYSE:COOK) stock in terms of its daily trading volume indicates that the 3-month average is 1.49 million.
Current records show that the company has 125.08M in outstanding shares. The insiders’ percentage holdings are 7.90% of outstanding shares. But the 0.59% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.