Let’s look at the key reasons that are pushing Simply Good Foods Co (SMPL) to new highs

Simply Good Foods Co (NASDAQ: SMPL) kicked off on Tuesday, down -1.12% from the previous trading day, before settling in for the closing price of $33.89. Over the past 52 weeks, SMPL has traded in a range of $30.00-$43.00.

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During the last 5-year period, the sales growth of Consumer Defensive Sector giant was 25.40%. While this was happening, its average annual earnings per share was recorded 12.03%. With a float of $90.53 million, this company’s outstanding shares have now reached $99.56 million.

Let’s determine the extent of company efficiency that accounts for 271 employees. In terms of profitability, gross margin is 37.44%, operating margin of 17.02%, and the pretax margin is 15.22%.

Simply Good Foods Co (SMPL) Breakdown of a Key Holders of the stock

Our next focus will be how large-scale investors are participating in this stock of the Packaged Foods Industry. The insider ownership of Simply Good Foods Co is 9.59%, while institutional ownership is 89.42%. The most recent insider transaction that took place on Jul 31 ’24, was worth 36,438. In this transaction SVP & General Manager, Quest of this company sold 1,058 shares at a rate of $34.44, taking the stock ownership to the 19,319 shares. Before that another transaction happened on Jul 31 ’24, when Company’s Officer proposed sale 1,058 for $34.44, making the entire transaction worth $36,438.

Simply Good Foods Co (SMPL) Recent Fiscal highlights

In the latest quarterly report, which was put into the public domain on 5/31/2024, the organization reported 0.45 earnings per share (EPS), higher than consensus estimate (set at 0.45) by 0. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.45 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 12.03% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 8.66% during the next five years compared to 6.73% growth over the previous five years of trading.

Simply Good Foods Co (NASDAQ: SMPL) Trading Performance Indicators

Take a look at Simply Good Foods Co’s (SMPL) current performance indicators. Last quarter, stock had a quick ratio of 4.05. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.63. Likewise, its price to free cash flow for the trailing twelve months is 15.01.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.45, a number that is poised to hit 0.50 in the next quarter and is forecasted to reach 1.94 in one year’s time.

Technical Analysis of Simply Good Foods Co (SMPL)

Looking closely at Simply Good Foods Co (NASDAQ: SMPL), its last 5-days average volume was 0.72 million, which is a drop from its year-to-date volume of 0.89 million. As of the previous 9 days, the stock’s Stochastic %D was 77.63%. Additionally, its Average True Range was 0.84.

During the past 100 days, Simply Good Foods Co’s (SMPL) raw stochastic average was set at 29.78%, which indicates a significant decrease from 71.29% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 26.38% in the past 14 days, which was higher than the 24.87% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $33.62, while its 200-day Moving Average is $35.97. However, in the short run, Simply Good Foods Co’s stock first resistance to watch stands at $33.94. Second resistance stands at $34.37. The third major resistance level sits at $34.61. If the price goes on to break the first support level at $33.28, it is likely to go to the next support level at $33.04. Now, if the price goes above the second support level, the third support stands at $32.61.

Simply Good Foods Co (NASDAQ: SMPL) Key Stats

The company with the Market Capitalisation of 3.36 billion has total of 100,136K Shares Outstanding. Its annual sales at the moment are 1,243 M in contrast with the sum of 133,580 K annual income. Company’s last quarter sales were recorded 334,760 K and last quarter income was 41,330 K.