There is no doubt that SharkNinja Inc. (SN) ticks all the boxes.

SharkNinja Inc. (NYSE: SN) stock jumped 1.72% on Friday to $40.71 against a previous-day closing price of $40.02. With 1.61 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.92 million shares. During the session, the Furnishings Fixtures & Appliances company that operates in wider Consumer Cyclical sector, reached to the highest price of $41.33 whereas the lowest price it dropped to was $39.66. The 52-week range on SN shows that it touched its highest point at $52.90 and its lowest point at $25.84 during that stretch. It currently has a 1-year price target of $67.00.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SN was up-trending over the past week, with a rise of 16.25%, but this was up by 34.36% over a month. A look at the trailing 12-month EPS for SN yields 1.63 with Next year EPS estimates of 3.20. For the next quarter, that number is 0.82. This implies an EPS growth rate of -29.80% for this year and 6.70% for next year.

Float and Shares Shorts:

At present, 138.98 million SN shares are outstanding with a float of 49.29 million shares on hand for trading. On Aug 30, 2023, short shares totaled 1.07 million, which was 0.77% higher than short shares on Jul 30, 2023.

Institutional Ownership:

Other institutions hold 5.49% of SN, in contrast to -2.42% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in SN with 3.01% of the stake, Euromobiliare Asset Management SG holds 4,188,500 shares worth 4,188,500. A second-largest stockholder of SN, State Street Global Advisors Ltd., holds 49,680 shares, controlling over 0.04% of the firm’s shares. Ohio Public Employees Retirement is the third largest shareholder in SN, holding 24,380 shares or 0.02% stake. With a 2.06% stake in SN, the Sistema Euromobiliare – Fidelity is the largest stakeholder. A total of 2,867,500 shares are owned by the mutual fund manager. The Euromobiliare Fidelity China Evol, which owns about 0.95% of SN stock, is the second-largest Mutual Fund holder. It holds 1,321,000 shares valued at 46.13 million. JPMorgan Funds – Emerging Markets holds 0.63% of the stake in SN, owning 879,066 shares worth 30.7 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, SN reported revenue of $778.20M and operating income of $36.10M. The EBITDA in the recently reported quarter was $49.09M and diluted EPS was $0.12.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SN since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With SN analysts setting a high price target of $67.00 and a low target of $67.00, the average target price over the next 12 months is $67.00. Based on these targets, SN could surge 64.58% to reach the target high and rise by 64.58% to reach the target low. Reaching the average price target will result in a growth of 64.58% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

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