Shake Shack Inc (NYSE:SHAK) price on Thursday, August 01, rose 17.78% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $103.20.
A look at the stock’s price movement, the level at last check in today’s session was $87.62. The PE ratio in trailing twelve months stood at 188.77. Turning to its 52-week performance, $111.29 and $52.79 were the 52-week high and 52-week low respectively. Overall, SHAK moved 20.87% over the past month.
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Shake Shack Inc’s market cap currently stands at around $4.09 billion.
Analysts have a consensus estimate of 314.2M for the company’s revenue for the quarter, with a low and high estimate of 310M and 318.65M respectively. The average forecast suggests up to a 15.60% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 1.25B, representing a 14.90% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that SHAK is a Hold. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
The technical evaluation for the stock shows the PEG ratio is 4.05, with SHAK’s current price about 22.30% and 15.70% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 72.46, while 7-day volatility ratio is 4.26% and 3.60% in the 30-day chart. Further, Shake Shack Inc (SHAK) has a beta value of 1.76, and an average true range (ATR) of 4.37.
If we refocus on Shake Shack Inc (NYSE:SHAK), historical trading data shows that trading volumes averaged 893.40K over the past 3 months. The company’s latest data on shares outstanding shows there are 39.47 million shares.
The 5.24% of Shake Shack Inc’s shares are in the hands of company insiders while institutional holders own 93.67% of the company’s shares. Current price change has pushed the stock 39.23% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the SHAK stock continues to rise going into the next quarter.
