Wall Street Analyst Downgrade Six Flags Entertainment Corporation [SIX]. What else is Wall St. saying

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Six Flags Entertainment Corporation [NYSE: SIX] price surged by 3.99 percent to reach at $0.9. The company report on July 6, 2022 that Six Flags Sets Date to Announce Second Quarter 2022 Earnings.


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Six Flags Entertainment Corporation (NYSE: SIX) today announced it will release second quarter financial results before the market opens on Thursday, August 11, 2022. An investor conference call will follow beginning at 7:00 a.m. Central Time. The call can be accessed through the Six Flags Investor Relations website, investors.sixflags.com, or by dialing 1-833-629-0614 in the United States or +1-412-317-9257 outside the United States and requesting the Six Flags earnings call.

A sum of 2647225 shares traded at recent session while its average daily volume was at 2.48M shares. Six Flags Entertainment Corporation shares reached a high of $23.735 and dropped to a low of $22.59 until finishing in the latest session at $23.46.

The one-year SIX stock forecast points to a potential upside of 50.17. The average equity rating for SIX stock is currently 1.70, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on Six Flags Entertainment Corporation [SIX]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SIX shares is $47.08 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SIX stock is a recommendation set at 1.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

B. Riley Securities have made an estimate for Six Flags Entertainment Corporation shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on June 21, 2022. While these analysts kept the previous recommendation, Rosenblatt raised their target price to Buy. The new note on the price target was released on April 26, 2022, representing the official price target for Six Flags Entertainment Corporation stock. Previously, the target price had yet another raise from $45 to $57, while Deutsche Bank kept a Buy rating on SIX stock.

The Average True Range (ATR) for Six Flags Entertainment Corporation is set at 1.49, with the Price to Sales ratio for SIX stock in the period of the last 12 months amounting to 1.23. Price to Free Cash Flow for SIX in the course of the last twelve months was 8.37 with Quick ratio for the last quarter at 0.90.

SIX Stock Performance Analysis:

Six Flags Entertainment Corporation [SIX] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 6.78. With this latest performance, SIX shares dropped by -19.79% in over the last four-week period, additionally sinking by -46.43% over the last 6 months – not to mention a drop of -42.82% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SIX stock in for the last two-week period is set at 44.14, with the RSI for the last a single of trading hit 49.58, and the three-weeks RSI is set at 41.02 for Six Flags Entertainment Corporation [SIX]. The present Moving Average for the last 50 days of trading for this stock 28.30, while it was recorded at 22.83 for the last single week of trading, and 38.47 for the last 200 days.

Insight into Six Flags Entertainment Corporation Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Six Flags Entertainment Corporation [SIX] shares currently have an operating margin of +26.60 and a Gross Margin at +40.72. Six Flags Entertainment Corporation’s Net Margin is presently recorded at +8.68.

Six Flags Entertainment Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.90 and a Current Ratio set at 1.00.

SIX Stock EPS

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SIX. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Six Flags Entertainment Corporation go to 27.59%.

Six Flags Entertainment Corporation [SIX] Insider Position Details

There are presently around $1,819 million, or 93.50% of SIX stock, in the hands of institutional investors. The top three institutional holders of SIX stocks are: H PARTNERS MANAGEMENT, LLC with ownership of 8,925,000, which is approximately 0% of the company’s market cap and around 0.80% of the total institutional ownership; VANGUARD GROUP INC, holding 8,157,265 shares of the stock with an approximate value of $191.37 million in SIX stocks shares; and BLACKROCK INC., currently with $153.18 million in SIX stock with ownership of nearly -0.92% of the company’s market capitalization.

Positions in Six Flags Entertainment Corporation stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 177 institutional holders increased their position in Six Flags Entertainment Corporation [NYSE:SIX] by around 12,875,012 shares. Additionally, 146 investors decreased positions by around 11,748,147 shares, while 59 investors held positions by with 52,895,282 shares. The mentioned changes placed institutional holdings at 77,518,441 shares, according to the latest SEC report filing. SIX stock had 69 new institutional investments in for a total of 3,292,774 shares, while 56 institutional investors sold positions of 4,929,645 shares during the same period.

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