Bowlero Corp. [NYSE: BOWL] closed the trading session at $13.53 on 11/17/22. The day’s price range saw the stock hit a low of $11.60, while the highest price level was $13.67. The company report on November 16, 2022 that Bowlero Corp. Announces Strong Results for the First Quarter of Fiscal Year 2023.
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Continued momentum in revenue and normalizing margins and seasonality driving performance:.
Revenue in the first quarter was $230.3 million, growing $49.3 million, or 27.2%, year-over-year, and $81.7 million, or 55.0%, relative to pre-pandemic performance. 1.
The stocks have a year to date performance of 50.00 percent and weekly performance of -9.80 percent. The stock has been moved at 39.63 percent over the last six months. The stock has performed -6.04 percent around the most recent 30 days and changed 12.84 percent over the most recent 3-months.
If compared to the average trading volume of 745.00K shares, BOWL reached to a volume of 2498990 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Bowlero Corp. [BOWL]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BOWL shares is $17.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BOWL stock is a recommendation set at 1.80. 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.
Oppenheimer have made an estimate for Bowlero Corp. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on October 04, 2022. While these analysts kept the previous recommendation, JP Morgan raised their target price to Overweight. The new note on the price target was released on August 30, 2022, representing the official price target for Bowlero Corp. stock.
The Average True Range (ATR) for Bowlero Corp. is set at 0.82, with the Price to Sales ratio for BOWL stock in the period of the last 12 months amounting to 2.51. Price to Free Cash Flow for BOWL in the course of the last twelve months was 149.59 with Quick ratio for the last quarter at 1.30.
BOWL stock trade performance evaluation
Bowlero Corp. [BOWL] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -9.80. With this latest performance, BOWL shares dropped by -6.04% in over the last four-week period, additionally plugging by 39.63% over the last 6 months – not to mention a rise of 33.30% 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 BOWL stock in for the last two-week period is set at 44.41, with the RSI for the last a single of trading hit 39.05, and the three-weeks RSI is set at 47.87 for Bowlero Corp. [BOWL]. The present Moving Average for the last 50 days of trading for this stock 13.61, while it was recorded at 14.09 for the last single week of trading, and 11.45 for the last 200 days.
Bowlero Corp. [BOWL]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Bowlero Corp. [BOWL] shares currently have an operating margin of +13.45 and a Gross Margin at +33.71. Bowlero Corp.’s Net Margin is presently recorded at -3.28.
Bowlero Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.30 and a Current Ratio set at 1.40.
Bowlero Corp. [BOWL]: Insider Ownership positions
There are presently around $1,451 million, in the hands of institutional investors. The top three institutional holders of BOWL stocks are: ATAIROS GROUP, INC. with ownership of 63,425,788, which is approximately 0% of the company’s market cap and around 2.10% of the total institutional ownership; SOROS FUND MANAGEMENT LLC, holding 8,800,000 shares of the stock with an approximate value of $119.06 million in BOWL stocks shares; and APOLLO MANAGEMENT HOLDINGS, L.P., currently with $72.37 million in BOWL stock with ownership of nearly -43.43% of the company’s market capitalization.
Positions in Bowlero Corp. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 66 institutional holders increased their position in Bowlero Corp. [NYSE:BOWL] by around 6,933,741 shares. Additionally, 40 investors decreased positions by around 10,116,220 shares, while 9 investors held positions by with 90,189,383 shares. The mentioned changes placed institutional holdings at 107,239,344 shares, according to the latest SEC report filing. BOWL stock had 32 new institutional investments in for a total of 3,039,403 shares, while 13 institutional investors sold positions of 2,309,394 shares during the same period.