In yesterday’s Wall Street session, Six Flags Entertainment Corp (NYSE:SIX) shares traded at $32.61, up 4.72% from the previous session.
SIX stock price is now 29.16% away from the 50-day moving average and 38.48% away from the 200-day moving average. The market capitalization of the company currently stands at $2.75B.
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With the price target reduced from $29 to $27, Deutsche Bank Downgraded its rating from Buy to Hold for Six Flags Entertainment Corp (NYSE: SIX). On April 18, 2024, B. Riley Securities Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock increasing its target price from $30 to quote $31, while ‘Morgan Stanley’ rates the stock as ‘Overweight’
In other news, Sample Derek, Chief Accounting Officer sold 2,300 shares of the company’s stock on May 21 ’24. The stock was sold for $60,812 at an average price of $26.44. Upon completion of the transaction, the Chief Accounting Officer now directly owns 12,805 shares in the company, valued at $0.42 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 08 ’23, Former Chief Legal Officer Williams-Ramey Aimee sold 11,630 shares of the business’s stock. A total of $284,354 was realized by selling the stock at an average price of $24.45. A total of 1.63% of the company’s stock is owned by insiders.
During the past 12 months, Six Flags Entertainment Corp has had a low of $17.41 and a high of $32.21. According to the stock market information, the enterprise value for the company is $5811754496, which is based on a 103.29 price-to-earnings ratio, a 17.02 price-to-earnings-growth ratio, and a beta of 2.33. The fifty day moving average price for SIX is $26.5266 and a two-hundred day moving average price translates $24.72685 for the stock.
The latest earnings results from Six Flags Entertainment Corp (NYSE: SIX) was released for 2024-03-31. The company reported revenue of $133.29 million for the quarter, compared to $142.19 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -6.26 percent.
