Cracker Barrel Old Country Store Inc (NASDAQ: CBRL) Recovers 2.45% From 52-Week Low, Is CBRL Still A High-Risk, High-Reward Play?

Cracker Barrel Old Country Store Inc (NASDAQ:CBRL) currently has a daily average trading volume of 692.59K but it saw 690977 shares traded in last market. With a market cap of 846.26M USD, the company’s current market price of $38.12 came falling about -1.47 while comparing to the previous closing price of $38.69. In past 52 weeks, the stock remained buoying in the range of price level as high as $83.51 and as low as $37.21. In the recent trading on the day, stock has struck highest price mark of $37.71 while lowest mark touched by it was $38.77.

Taking a look at 20-day trading activity of Cracker Barrel Old Country Store Inc (CBRL) gives us an average price of $39.87, while its current price level is -54.36% below from 52-week high level whereas it is 2.45% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $41.32 while that of 200 days or SMA-200 reads an average of $59.81. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.50% during that period while stretching the period over a month that increases to 4.08%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 37.80 which implies that the stock is in neutral territory.

CL King downgraded its recommendation for the stock as a “Neutral” from “Buy” on May 17, 2024 while assigning a price target of $90. Piper Sandler issued its recommendations for the stock as it initiated the price target for the stock is $96.

Over the week, CBRL’s stock price is moving -5.62% down while it is -5.64% when we observe its performance for the past one month. Year-to-date it is -50.54% down and over the past year, the stock is showing a downside performance of -50.31%.

Currently, Cracker Barrel Old Country Store Inc’s total number of outstanding shares is 22.15M. Company’s return on investment (ROI) stands at 3.81% and return on equity (ROE) at 13.38%. It has a price to earnings ratio (P/E ratio) of 14.10 while having a 12.20 of forward P/E ratio. Stock’s beta reads 1.41. Stock has a price to book (P/B) ratio of 1.98 while price to sale or P/S ratio amounts to 0.25. Its return on asset (ROA) is 2.76% on average.