Six Flags Entertainment Stock (FUN) Falls on Summer time Woes

Six Flags Entertainment (FUN) inventory was down on Monday, because the theme park operator can’t take the summer season warmth. A collection of points have plagued Six Flags this summer season, hurting its monetary efficiency and weighing down the corporate’s shares. Among these issues are decrease attendance and displeasure with park high quality. These points have led to the corporate reporting heavy losses prior to now two quarters. Additionally, the corporate’s whole debt stands at a staggering $5.29 billion.

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Other points which have haunted Six Flags this summer season are poor climate and trip malfunctions. It’s been a sizzling summer season, and many individuals have chosen to remain inside relatively than topic themselves to the blazing solar whereas standing in line for rides. On high of that, Siren’s Curse has prompted issues. This is a brand new trip that opened at Cedar Point in late June. Since then, the curler coaster has damaged down a number of instances. It’s not search for Six Flags when one in all its new rides that it has marketed has hassle staying open for parkgoers.

While all of that is unhealthy information for Six Flags, it isn’t the one theme park that has suffered this summer season. Attendance is down throughout the business, with a number of different theme parks failing to attract in guests. This has additionally affected gross sales of season passes, that are bigger purchases that assist encourage return visits and extra spending.

Six Flags Stock Movement Today

Six Flags inventory was down 1.17% on Monday, extending a 46.34% drop year-to-date. FUN inventory is prone to see continued unfavourable motion if it could actually’t get its act collectively. Especially because the summer season season, its busiest season of the 12 months, ends in only one month.

Is Six Flags Stock a Buy, Sell, or Hold?

Turning to Wall Street, the analysts’ consensus ranking for Six Flags is Moderate Buy, primarily based on 5 Buy, two Hold, and a single Sell ranking over the previous three months. With that comes a median FUN inventory worth goal of $30.25, representing a possible 19.8% upside for the shares.

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