Bowlero Corp (NYSE:BOWL) price on current trading day, fall -1.05% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $11.35.
A look at the stock’s price movement, the level at last check in today’s session was $11.47, moving within a range at $11.25 and $11.75. The beta value (5-Year monthly) was 0.617. Turning to its 52-week performance, $15.47 and $9.70 were the 52-week high and 52-week low respectively. Overall, BOWL moved -5.65% over the past month.
Bowlero Corp’s market cap currently stands at around $1.67 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-03. The company has a Forward Dividend ratio of 0.17, with its dividend yield at 1.45%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 317.94M for the company’s revenue for the quarter, with a low and high estimate of 309M and 331.5M respectively. The average forecast suggests up to a 4.01% 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 8.41% 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 BOWL is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
5 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 5 recommend BOWL as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
BOWL’s current price about -0.96% and -1.78% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 47.88, while 7-day volatility ratio is 4.55% and 4.94% in the 30-day chart. Further, Bowlero Corp (BOWL) has a beta value of 0.65, and an average true range (ATR) of 0.57. Analysts have given the company’s stock an average 52-week price target of $17, forecast between a low of $15 and high of $18. Looking at the price targets, the low is -32.16% off recent price level in today’s trading while to achieve the yearly target high, it has to move -58.59%. Nonetheless, investors will most likely welcome a -49.78% jump to $17 which is the analysts’ median price.
If we refocus on Bowlero Corp (NYSE:BOWL), historical trading data shows that trading volumes averaged 0.88 over the past 10 days and 595.75K over the past 3 months. The company’s latest data on shares outstanding shows there are 88.85 million shares.
The 43.84% of Bowlero Corp’s shares are in the hands of company insiders while institutional holders own 61.20% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 9.36 million on 2024-10-31, giving us a short ratio of 22.24. The data shows that as of 2024-10-31 short interest in Bowlero Corp (BOWL) stood at 4518.9998 of shares outstanding, with shares short falling to 11.18 million registered in 2024-09-30. Current price change has pushed the stock -19.84% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the BOWL stock continues to rise going into the next quarter.
