Should This Make Six Flags Entertainment Corp (NYSE: SIX) Investors Worry?

The trading price of Six Flags Entertainment Corp (NYSE:SIX) floating higher at last check on Wednesday, June 26, closing at $30.62, 1.90% higher than its previous close.

The company’s P/E ratio in the trailing 12-month period was 96.99. In examining the 52-week price action we see that the stock hit a 52-week high of $32.21 and a 52-week low of $17.41. Over the past month, the stock has gained 22.88% in value.

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Six Flags Entertainment Corp, whose market valuation is $2.58 billion at the time of this writing. The dividend yield on the company stock is 0.00%, while its Forward Dividend ratio is 0.00. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 0.64 per share this quarter, however they have predicted annual earnings per share of 1.54 for current year and 2.03 for next year.

Analysts have forecast the company to bring in revenue of 449.33M for the current quarter, with the likely lows of 429.6M and highs of 466.92M. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 1.48B.

On the technical side, indicators suggest SIX has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.

If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 15.98, which symbolizes a positive outlook. A quick review shows that SIX’s price is currently 13.32% off the SMA20 and 22.10% off the SMA50. The RSI metric on the 14-day chart is currently showing 70.14, and weekly volatility stands at 4.43%. When measured over the past 30 days, the indicator reaches 3.53%. Six Flags Entertainment Corp (NYSE:SIX)’s beta value is currently sitting at 2.32, while the Average True Range indicator is currently displaying 1.03.

To see how Six Flags Entertainment Corp stock has been performing today in comparison to its peers in the industry, here are the numbers: SIX stock’s performance was 1.90% at last check in today’s session, and 24.74% in the past year. Six Flags Entertainment Corp has a P/E ratio of 96.99.

An evaluation of the daily trading volume of Six Flags Entertainment Corp (NYSE:SIX) indicates that the 3-month average is 1.19 million.

Currently, records show that 84.12 million of the company’s shares remain outstanding. The insiders hold 1.63% of outstanding shares, whereas institutions hold 102.12%. However, since the stock’s price has seen 28.22% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.

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