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.
Institutional Ownership:
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.
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 $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.
