NDLS Stock Summary and Trading Ideas (Noodles | NASDAQ:NDLS)

Noodles & Co is a restaurant concept offering lunch and dinner within the fast-casual segment of the restaurant industry. The company's menu includes a variety of cooked-to-order dishes, including noodles and pasta, soups, salads and appetizers. The company also provides dining, pick-up and delivery services.

Noodles trades on the NASDAQ stock market under the symbol NDLS.

As of November 14, 2024, NDLS stock price declined to $0.84 with 29,044 million shares trading.

NDLS has a beta of 2.05, meaning it tends to be more sensitive to market movements. NDLS has a correlation of 0.10 to the broad based SPY ETF.

NDLS has a market cap of $38.33 million. This is considered a Sub-Micro Cap stock.

Last quarter Noodles reported $123 million in Revenue and -$.12 earnings per share. This fell short of revenue expectation by $-3 million and missed earnings estimates by -$.06.

In the last 3 years, NDLS traded as high as $12.13 and as low as $.81.

The top ETF exchange traded funds that NDLS belongs to (by Net Assets): VTI, VXF, PRFZ, IWC, DFAC.

NDLS has underperformed the market in the last year with a price return of -70.6% while the SPY ETF gained +37.0%. NDLS has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -50.6% and -28.2%, respectively, while the SPY returned +10.3% and +2.8%, respectively.

NDLS support price is $.83 and resistance is $.92 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that NDLS shares will trade within this expected range on the day.