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Wednesday, March 22, 2023

Six Flags Entertainment Corporation (SIX): A Case For Going Higher

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Six Flags Entertainment Corporation (SIX) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $28.99. The Six Flags Entertainment Corporation has recorded 62,253 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Six Flags Reports Fourth Quarter and Full Year 2022 Performance.


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Stocks Info

Six Flags Entertainment Corporation is listed on the NYSE in the Consumer Cyclical sector while operating in the Leisure industry. At the end of the last regular session, the stock closed at $28.99 and fluctuated between $30.25 as its day high and $28.91 as its day low. The current market capitalization of Six Flags Entertainment Corporation is $2.24B. A total of 1.76 million shares were traded on the day, compared to an average of 1.72M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, SIX has seen 9 BUY and 0 SELL insider trades, representing the acquisition of 11,040 and the disposition of 0 shares. Over the last 12 months, there were 85 BUYs and 3 SELLs from insiders. Insiders purchased 5,078,617 shares during that period but sold 1,732.

In the most recent transaction, Mick Gary bought 5,250 shares of SIX for 21.40 per share on Dec 15. After the transaction, the CHIEF FINANCIAL OFFICER now owns 59,675 company shares. In a previous transaction on Dec 14, Mick Gary bought 2,250 shares at 21.94 per share. SIX shares that CHIEF FINANCIAL OFFICER owns now total 54,425.

Among the insiders who bought shares, Mick Gary acquired of 1,500 shares on Dec 08 at a per-share price of $20.94. This resulted in the CHIEF FINANCIAL OFFICER holding 52,175 shares of SIX after the transaction. In another insider transaction, Mick Gary bought 4,500 shares at $21.16 per share on Dec 07. Company shares held by the CHIEF FINANCIAL OFFICER now total 50,675.

Dividend

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. SIX’s most recent ex-dividend date was 3/3/2020 when it declared a $0.25 quarterly dividend that was paid in cash on 3/11/2020. Previously, the company paid the dividend on 12/9/2019 with an ex-dividend date of 11/27/2019. The SIX stock dividend was $0.83 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for SIX in the last 3 months, the mean price target is $31.80 with high estimates of $40.00 and low estimates of $24.00. In terms of 52-week highs and lows, SIX has a high of $44.82 and a low of $16.83.

As of this writing, SIX has an earnings estimate of $0.18 per share for the current quarter. EPS was calculated based on a consensus of 10 estimates, with a high estimate of $0.38 per share and a lower estimate of -$0.32. The company reported an EPS of $0.53 in the last quarter, which was -47.50% lower than expectations of $1.01.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 12 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for SIX is Hold with a score of 3.89. A total of 6 analysts rated the stock as Buy while 1 rated it as Overweight while 5 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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