Are Investors Inclined To Sell Their Six Flags Entertainment Corp (NYSE: FUN) Holdings?

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Six Flags Entertainment Corp (NYSE:FUN) traded at $46.96 at last check on current trade day and made an upward move of 10.36% on its previous day’s price.

Looking at the stock we see that its previous close was $42.55 and the beta (5Y monthly) reads 1.561 with the day’s price range being $45.52 – $48.74. The company has a trailing 12-month PE ratio of 19.05. In terms of its 52-week price range, FUN has a high of $58.70 and a low of $35.93. The company’s stock has gained about 26.65% over that past 30 days.

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Six Flags Entertainment Corp has a market cap of $4.71 billion and is expected to release its quarterly earnings report on 2024-Nov-06. Estimates by analysts give the company expected earnings per share (EPS) of 3.39, with the EPS growth for the year raised at 2.73 for current year and 2.73 for next year.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 1.34B, with a low of 1.29B and a high of 1.38B. The median projection represents growth squeezing down to 59.00% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 3.26B, or 81.00% up from figures reported last year.

On the other hand, looking at the outlook for the FUN stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 50% Sell.

Based on estimates by 10 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 1 have rated the Six Flags Entertainment Corp (FUN) stock as a Hold, while 9 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 Buy and investors could take advantage and scoop up stock of the company.

Looking further, we note that the PEG ratio for the FUN stock currently stands at 0.58, and the most recent price level today is 16.11% off its SMA20 and 15.64% from its 50-day simple moving average. The RSI (14) is pointing at 70.75 while the volatility over the past week is 4.00% and jumps to 3.46% over the past one month. The beta value is 1.57, while the average true range (ATR) is currently pointing at 1.75. The average price target for the stock over the next 12 months is $55.5, with the estimates having a low of $29 and a high of $70. These price ends are 38.25% and -49.06% off the today’s price level respectively, although investors could be excited at the prospect of a -18.19% if the FUN share price touches on the median price of $55.5.

Coming back to Six Flags Entertainment Corp (NYSE:FUN), we note that the average 3-month trading volume was 1.67 million, while that of the preceding 10-day period stands at 1.22 million. Current shares outstanding are 100.28 million.

The insiders hold 4.68% of the company’s shares while institutions hold 34.64%. The data shows that short shares as of 2024-10-15, stood at 10.16 million at a short ratio of 5.5. This represents a 1210.00 short interest in shares outstanding on 2024-10-15. Shares short rose in October from the previous month at 9.03 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 17.99% up in year-to-date price movement.

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