SharkNinja Inc. (NYSE: SN) stock fell -0.20% on Monday to $45.91 against a previous-day closing price of $46.00. With 0.66 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.08 million shares. During the session, the Furnishings, Fixtures & Appliances company that operates in wider Consumer Cyclical sector, reached to the highest price of $47.00 whereas the lowest price it dropped to was $44.97. 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 $59.50.
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 8.95%, but this was up by 7.39% over a month.
Float and Shares Shorts:
At present, 138.98 million SN shares are outstanding with a float of 57.83 million shares on hand for trading. On Oct 30, 2023, short shares totaled 1.74 million, which was 1.25% higher than short shares on Sep 28, 2023. In addition to Mr. Mark Adam Barrocas as the firm’s CEO & Director, Mr. Mark Rosenzweig serves as its Founder.
Other institutions hold 3.69% of SN, in contrast to 28.50% held by mutual funds. As the largest shareholder in SN with 6.14% of the stake, CDH Investment Advisory Pte. Ltd. holds 8,531,691 shares worth 8,531,691. A second-largest stockholder of SN, Madison Avenue Partners LP, holds 6,112,191 shares, controlling over 4.40% of the firm’s shares. HighTower Advisors LLC is the third largest shareholder in SN, holding 4,957,813 shares or 3.57% stake. With a 0.68% stake in SN, the Bridge Builder Large Cap Value Fu is the largest stakeholder. A total of 944,746 shares are owned by the mutual fund manager. The Hermes Invt. Funds – Asia, which owns about 0.62% of SN stock, is the second-largest Mutual Fund holder. It holds 861,680 shares valued at 35.98 million. Fidelity Funds SICAV – Asian Smal holds 0.33% of the stake in SN, owning 462,688 shares worth 19.32 million.
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 $52.00, the average target price over the next 12 months is $59.50. Based on these targets, SN could surge 45.94% to reach the target high and rise by 13.27% to reach the target low. Reaching the average price target will result in a growth of 29.6% from current levels.