Stock To Watch: Sonic Corp. (NASDAQ:SONC)


The leading market experts have placed a mean price target of $35.75 on Sonic Corp. (NASDAQ:SONC) stock. This price level, which is estimated to be attained in one-year indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.28 a share for the upcoming quarter and $1.33 for the current fiscal. Technical View The technical analysis of Sonic Corp. plainly substantiates that the 50-day moving average of Sonic Corp. is $27.90, and stock is hovering -1.04 or -3.74% distant from $27.90. It is noted that the 200-day MA is $30.43, and Sonic Corp. stock is $-3.57 or -11.73% off from this point. Sonic Corp. (NASDAQ:SONC) 52-week high is $36.34 and the 52-week low is $22.72. This explains if the stock moves $-9.48, it will post a 52-week high. In event of $+18.22% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of Sonic Corp., shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Sonic Corp. (NASDAQ:SONC) ratio came in at 20.90. The stock last ended the trading session at $26.86 and registered a market cap of $1.28B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Sonic Corp. (NASDAQ:SONC) PEG ratio is at 1.13.

1 Chart Pattern Every Investor Should Know

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