16.98% percent quarterly performance for SharkNinja Inc. (SN) is not indicative of the underlying story

SharkNinja Inc. (NYSE: SN) on Tuesday, plunged -1.31% from the previous trading day, before settling in for the closing price of $90.39. Within the past 52 weeks, SN’s price has moved between $30.59 and $92.11.

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During the last 5-year period, the sales growth of Consumer Cyclical Sector giant was 16.51%. The company achieved an average annual earnings per share of 31.09%. With a float of $61.77 million, this company’s outstanding shares have now reached $139.08 million.

Let’s determine the extent of company efficiency that accounts for 3019 employees. In terms of profitability, gross margin is 46.74%, operating margin of 9.56%, and the pretax margin is 8.38%.

SharkNinja Inc. (SN) Insider Activity

Observing investor behavior towards Furnishings, Fixtures & Appliances industry stocks is more important than anything else. The insider ownership of SharkNinja Inc. is 55.86%, while institutional ownership is 52.23%. The most recent insider transaction that took place on Aug 12 ’24, was worth 484,430. Before that another transaction happened on Aug 12 ’24, when Company’s Former Director proposed sale 2,000 for $88.04, making the entire transaction worth $176,086.

SharkNinja Inc. (SN) Earnings and Forecasts

As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported 0.95 earnings per share (EPS) for the period topping the consensus outlook (set at 0.81) by 0.14. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.38 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 31.09% per share during the next fiscal year.

SharkNinja Inc. (NYSE: SN) Trading Performance Indicators

SharkNinja Inc. (SN) is currently performing well based on its current performance indicators. A quick ratio of 1.04 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.62.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.75, a number that is poised to hit 1.11 in the next quarter and is forecasted to reach 4.82 in one year’s time.

Technical Analysis of SharkNinja Inc. (SN)

Looking closely at SharkNinja Inc. (NYSE: SN), its last 5-days average volume was 1.07 million, which is a drop from its year-to-date volume of 1.1 million. As of the previous 9 days, the stock’s Stochastic %D was 88.02%. Additionally, its Average True Range was 3.06.

During the past 100 days, SharkNinja Inc.’s (SN) raw stochastic average was set at 90.82%, which indicates a significant increase from 87.11% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 69.04% in the past 14 days, which was higher than the 37.28% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $77.57, while its 200-day Moving Average is $61.76. However, in the short run, SharkNinja Inc.’s stock first resistance to watch stands at $90.53. Second resistance stands at $91.85. The third major resistance level sits at $92.65. If the price goes on to break the first support level at $88.41, it is likely to go to the next support level at $87.61. Should the price break the second support level, the third support level stands at $86.29.

SharkNinja Inc. (NYSE: SN) Key Stats

Market capitalization of the company is 12.48 billion based on 139,936K outstanding shares. Right now, sales total 4,254 M and income totals 167,080 K. The company made 1,249 M in profit during its latest quarter, and 68,050 K in sales during its previous quarter.