SharkNinja Inc. (NYSE: SN) Shares Are Set To Rise By 2024

SharkNinja Inc. (NYSE:SN) shares, rose in value, with the stock price down by -0.68% to the previous day’s close as strong demand from buyers drove the stock to $75.42.

Actively observing the price movement in the recent trading, the stock is buoying the session at $75.93. The PE ratio was 55.81 over 12-month period. Referring to stock’s 52-week performance, its high was $80.42, and the low was $25.24. On the whole, SN has fluctuated by 12.51% over the past month.

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Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that SN’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.

The stock’s technical analysis shows that the PEG ratio is about 3.93, with the price of SN currently trading nearly 0.73% and 10.88% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 57.37, while the 7-day volatility ratio is showing 3.66% which for the 30-day chart, stands at 3.33%. Furthermore, SharkNinja Inc. (SN)’s average true range (ATR) is 2.40.

Data on historical trading for SharkNinja Inc. (NYSE:SN) indicates that the trading volumes over the past 3 months, they’ve averaged 1.09 million. According to company’s latest data on outstanding shares, there are 139.08 million shares outstanding.

Nearly 55.91% of SharkNinja Inc.’s shares belong to company insiders and institutional investors own 48.19% of the company’s shares. The stock has risen by 47.38% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SN stock heading into the next quarter.

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