A new trading day began on Monday, with Shake Shack Inc (NYSE: SHAK) stock price down -2.44% from the previous day of trading, before settling in for the closing price of $94.89. SHAK’s price has ranged from $52.79 to $111.29 over the past 52 weeks.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Consumer Cyclical sector was 20.27%. Meanwhile, its annual earnings per share averaged 99.98%. With a float of $37.60 million, this company’s outstanding shares have now reached $39.47 million.
Considering the fact that the conglomerate employs 12196 people, you should pay attention to its efficiency factor.
Shake Shack Inc (SHAK) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Restaurants Industry. The insider ownership of Shake Shack Inc is 5.13%, while institutional ownership is 92.17%. The most recent insider transaction that took place on May 01 ’24, was worth 31,783. In this transaction Director of this company sold 304 shares at a rate of $104.55, taking the stock ownership to the 3,450 shares. Before that another transaction happened on Apr 04 ’24, when Company’s Director sold 304 for $103.01, making the entire transaction worth $31,315. This insider now owns 3,754 shares in total.
Shake Shack Inc (SHAK) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around 99.98% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 44.95% during the next five years compared to -2.36% drop over the previous five years of trading.
Shake Shack Inc (NYSE: SHAK) Trading Performance Indicators
Here are Shake Shack Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.99. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.26.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.55, a number that is poised to hit 0.27 in the next quarter and is forecasted to reach 1.01 in one year’s time.
Technical Analysis of Shake Shack Inc (SHAK)
Compared to the last year’s volume of 0.91 million, its volume of 0.89 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 26.37%. Additionally, its Average True Range was 3.41.
During the past 100 days, Shake Shack Inc’s (SHAK) raw stochastic average was set at 60.28%, which indicates a significant increase from 18.73% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 18.32% in the past 14 days, which was lower than the 49.75% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $100.65, while its 200-day Moving Average is $78.58. Nevertheless, the first resistance level for the watch stands at $95.30 in the near term. At $98.04, the stock is likely to face the second major resistance level. The third major resistance level sits at $100.89. If the price goes on to break the first support level at $89.71, it is likely to go to the next support level at $86.86. Should the price break the second support level, the third support level stands at $84.12.
Shake Shack Inc (NYSE: SHAK) Key Stats
With a market capitalization of 3.67 billion, the company has a total of 42,309K Shares Outstanding. Currently, annual sales are 1,088 M while annual income is 20,260 K. The company’s previous quarter sales were 290,500 K while its latest quarter income was 2,040 K.
