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Sunday, December 3, 2023

It’s Not Over Yet For Noodles & Company (NASDAQ: NDLS)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Noodles & Company (NDLS) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.09, or -3.57%, to $2.43. The Noodles & Company has recorded 2,149 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Noodles & Company Announces Third Quarter 2023 Financial Results.

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Stocks Info

Noodles & Company is listed on the NASDAQ as a member of the Consumer Cyclical sector and is a part of the Restaurants industry. At the end of the last regular session, the stock closed at $2.52 and fluctuated between $2.6800 as its day high and $2.4700 as its day low. The current market capitalization of Noodles & Company is $117.00M. A total of 0.51 million shares were traded on the day, compared to an average of 553.40K shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, NDLS has seen 14 BUY and 0 SELL insider trades, representing the acquisition of 784,469 and the disposition of 0 shares. Over the last 12 months, there were 53 BUYs and 23 SELLs from insiders. Insiders purchased 2,033,013 shares during that period but sold 108,562.

In the most recent transaction, Kline Corey bought 2,900 shares of NDLS for 3.41 per share on Jun 02. After the transaction, the EVP – Technology now owns 52,141 company shares. In a previous transaction on May 15, WEST THOMAS B bought 2,000 shares at 3.89 per share. NDLS shares that Chief Operating Officer owns now total 155,323.

Among the insiders who bought shares, Mill Road Capital III, L.P. acquired of 107,439 shares on Apr 26 at a per-share price of $4.65. This resulted in the 10% Owner holding 1,245,943 shares of NDLS after the transaction. In another insider transaction, Mill Road Capital III, L.P. bought 1,833 shares at $4.63 per share on Apr 06. Company shares held by the 10% Owner now total 1,128,804.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for NDLS in the last 3 months, the mean price target is $4.63 with high estimates of $5.00 and low estimates of $4.00. In terms of 52-week highs and lows, NDLS has a high of $6.55 and a low of $1.96.

As of this writing, NDLS has an earnings estimate of -$0.01 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of $0.01 per share and a lower estimate of -$0.02. The company reported an EPS of -$0.05 in the last quarter, which was 37.50% higher than expectations of -$0.08.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. NDLS’s latest balance sheet shows that the firm has $2.25M in Cash & Short Term Investments as of fiscal 2021. There were $249.78M in debt and $76.58M in liabilities at the time. Its Book Value Per Share was $0.78, while its Total Shareholder’s Equity was $37.63M.

Analysts Opinion

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. Currently, 0 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 NDLS is Buy with a score of 4.50.

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