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Six Flags Entertainment Corporation (NYSE: SIX) Has Been Trading Down. What Are The Prospects For The Future?

Six Flags Entertainment Corporation (NYSE:SIX) traded at $22.00 at close of the session on Tuesday, 11/22/22, made an upward move of 1.01% on its previous day’s price.

Looking at the stock we see that its previous close was $21.78 and the beta (5Y monthly) reads 2.16 with the day’s price range being $21.33 – $22.19. The company has a trailing 12-month PE ratio of 19.28. In terms of its 52-week price range, SIX has a high of $47.24 and a low of $16.83. The company’s stock has gained about 4.66% over that past 30 days.

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Six Flags Entertainment Corporation has a market cap of $1.82 billion and is expected to release its quarterly earnings report on Feb 22, 2023 – Feb 27, 2023. Estimates by analysts give the company expected earnings per share (EPS) of $1.72, with the EPS growth for the year raised at $1.63 for 2022 and $2.25 for next year. These figures represent 8.70% and 38.00% growth in EPS for the two years respectively.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $577.39 million, with a low of $544.96 million and a high of $624.34 million. The median projection represents growth adding up to -1.60% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2022 is expected to hit $1.44 billion, or -3.50% down from figures reported last year.

There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the SIX stock, short term indicators assign the stock an average of 25% Buy, while medium term indicators assign it an average of 50% Sell. Long term indicators on average place the stock in the category of 50% Sell.

Based on estimates by 12 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 6 have rated the Six Flags Entertainment Corporation (SIX) stock as a Hold, while 6 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Overweight and investors could take advantage and scoop up stock of the company.

Looking further, we note that the PEG ratio for the SIX stock currently stands at 3.18, and the current price level is 0.35% off its SMA20 and 6.24% from its 50-day simple moving average. The RSI (14) is pointing at 52.09 while the volatility over the past week is 4.33% and jumps to 5.42% over the past one month. The beta value is 2.20, while the average true range (ATR) is currently pointing at 1.31.

Let’s briefly compare Six Flags Entertainment Corporation (SIX) stock to its peers. We find that current price change of 1.01% and -44.30% over the past 12 months for SIX. Another of its peers Cedar Fair L.P. (FUN) has gained 0.81% previous session, and was -15.43% down over the past year. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial were at 1.36% and 1.18%, respectively, at close of the trading.

Coming back to Six Flags Entertainment Corporation (NYSE:SIX), we note that the average 3-month trading volume was 2.82 million, while that of the preceding 10-day period stands at 3.47 million. Current shares outstanding are 83.09 million.

The insiders hold 0.20% of the company’s shares. The data shows that short shares as of Oct 13, 2022, stood at 9.62 million at a short ratio of 3.2. This represents a 11.57% short interest in shares outstanding on Oct 13, 2022. Shares short rose in October from the previous month at 8.23 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -48.33% down in year-to-date price movement.

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