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 27, 2024, NDLS stock price declined to $0.68 with 302,154 million shares trading.

NDLS has a beta of 1.96, 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 $31.03 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 $11.14 and as low as $.65.

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 -77.5% while the SPY ETF gained +33.1%. NDLS has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -55.8% and -20.0%, respectively, while the SPY returned +7.1% and +0.3%, respectively.

NDLS support price is $.66 and resistance is $.74 (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.