Digging Up the Facts on Six Flags Entertainment Corporation (SIX)

Six Flags Entertainment Corporation (SIX) is an interesting player in the Services space, with a focus on General Entertainment. The stock has been active on the tape, currently trading at $53.80, down from yesterday’s close by -0.02%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Does this stock stack up well when compared to its peers in the industry space? Let’s take a look. Six Flags Entertainment Corporation (SIX) currently trades with a market capitalization of $4.62 Billion. That value represents a market adjusting for revenues that have been growing by 3.76 % on a quarterly year/year basis as of the company’s last quarterly report.

The balance sheet health of any company plays a key role in its ability to meet its obligations and maintain the faith of its investment base. For SIX, the company currently has $71.06 Million of cash on the books, which is offset by $28.87 Million current liabilities. You can get a sense of how sustainable that is by a levered free cash flow of $312.09 Million over the past twelve months. Generally speaking, earnings are expected to fall in coming quarters. Analysts are forecasting earnings of $1.84 on a per share basis this quarter. Perhaps, that suggests something about why 86.58% of the outstanding share supply is held by institutional investors.

Technical Analysis

No analysis is ever complete without a thorough survey of a stock’s technical behavior. Looking at the stock’s movement on the chart, Six Flags Entertainment Corporation recorded a 52-week high of $65.19. It is now trading 11.39% off that level. The stock is trading $57.89 its 50-day moving average by 4.09%. The stock carved out a 52-week low down at $47.61.

In recent action, Six Flags Entertainment Corporation (SIX) has made a move of -5.63% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 8.57, and it’s gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 8.66% with $79.01 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of SIX.

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