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Sunday, April 2, 2023

There’s No Getting Around Six Flags Entertainment Corporation (NYSE: SIX) Success

After Hours

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. After-hours trades for Six Flags Entertainment Corporation (SIX) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.09, or 0.35%, to $25.95. The Six Flags Entertainment Corporation has recorded 18,322 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Six Flags Reports Fourth Quarter and Full Year 2022 Performance.

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Stocks Info

SIX belongs to the Consumer Cyclical sector of the NYSE while operating in the Leisure industry. At the end of the last regular session, the stock closed at $25.86 and fluctuated between $27.00 as its day high and $25.80 as its day low. The current market capitalization of Six Flags Entertainment Corporation is $2.26B. A total of 1.77 million shares were traded on the day, compared to an average of 1.72M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, SIX has seen 7 BUY and 0 SELL insider trades, representing the acquisition of 9,540 and the disposition of 0 shares. Over the last 12 months, there were 84 BUYs and 2 SELLs from insiders. Insiders purchased 5,076,557 shares during that period but sold 1,676.

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

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. 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.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. 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

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. 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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