When conducting stock research, investors may want to take a look at what the covering analysts are saying about the company. Zacks Research provides an average broker rating which is compiled using polled sell-side analysts. After a recent scan, we can see that the current ABR for The Simply Good Foods Company (NASDAQ:SMPL) is 1.2. Research firms may use various terminologies to describe their stock recommendations. This particular rating falls on a numerical scale from 1 to 5. A 1 rating would point to a Strong Buy, and a score of 5 would indicate a Strong Sell rating. The average broker rating helps investors by offering a general feel for sell-side sentiment on company shares. We have also noted that 5 analysts currently have the stock rated as a Buy or Strong Buy.
Successful stock market investing often begins with setting up measureable and viable goals. Investors who set attainable goals and craft a plan to achieve those goals may find themselves in a much better position than the investor who does not. It can be very tempting to jump into the stock market and start investing. When the market is riding high, investors may be quick to act so they do not miss out on the action. Entering the stock market without a plan can lead to future distress when the markets turn downward for an extended period of time. Having a plan for multiple scenarios can help the investor ride out the storm when it comes.
Viewing some popular support and resistance marks on shares of The Simply Good Foods Company (NASDAQ:SMPL), we can see that the 52-week high is presently $20.54, and the 52-week low is currently $12.28. When the stock is trading near the 52-week high or 52-week low, investors may be on the lookout for a potential break through the level. Looking at recent action, we can see that the stock has been trading near the $20.35 level. Investors may also want to track historical price activity. Over the past 12 weeks, the stock has changed 4.73%. Looking further back to the beginning of the calendar year, we note that shares have moved 7.67%. Over the previous 4 weeks, shares have seen a change of 10.3%. Over the last 5 trading sessions, the stock has moved 7.44%. Investors will be monitoring stock activity over the next few days to try and gauge which way the momentum is shifting.
Wall Street analysts tracking shares of The Simply Good Foods Company (NASDAQ:SMPL) have been closely monitor company activities and fundamentals. They often create research reports to assist with investment decisions. On a consensus basis, analysts have set a target price of $22.25 on the stock. This number may be different from the First Call consensus target estimate. Analysts that routinely cover the company may use different techniques in order to create a future target price. Because of the different methods, price targets may differ greatly from one analyst to another.
Shifting gears, we can see that the current quarter EPS consensus estimate for The Simply Good Foods Company (NASDAQ:SMPL) is 0.14. This EPS estimate is using 3 sell-side analysts polled by Zacks Research. For the prior reporting period, the company posted a quarterly EPS of 0.18. As we move through earnings season, all eyes will be on the company to see if they can beat analyst estimates and show improvement from the last quarter. When a company reports actual earnings numbers, the surprise factor can cause a stock price to realize increased activity. Investors and analysts will be closely watching to see how the earnings results impact the stock after the next release. Many investors will decide to be cautious around earnings releases and delay buy/sell moves until after the stock price has steadied.
At times, investors may be prone to making impulsive or irrational decisions when it comes to the stock market. Finding a way to leave emotions out of important investing decisions can greatly assist the investor in achieving their goals. Investors who stay committed to a plan may be able to fight off emotional urges when certain situations arise. Investors may find it useful to rebalance the portfolio as opposed to chasing market performance when adjustments need to be made. Making sure the stock portfolio is aligned to suit the goals of the individual investor may play an important role in being able to consistently sustain profits well into the future.
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