SMPL Stock Summary and Trading Ideas (Simply Good Foods Company | NASDAQ:SMPL)

The Simply Good Foods Co is a consumer packaged food and beverage company. It provides low-carbohydrate, high protein bars, shakes, and other products such as confections, chips, and cookies under the Atkins and Quest brands. The company distributes its products in retail channels, predominantly in North America, including grocery, club, and mass merchandise, as well as through e-commerce, convenience, and other channels. It derives maximum revenue from North America.

Simply Good Foods Company trades on the NASDAQ stock market under the symbol SMPL.

As of January 6, 2025, SMPL stock price declined to $37.04 with 1,645,533 million shares trading.

SMPL has a beta of 0.17, meaning it tends to be less sensitive to market movements. SMPL has a correlation of 0.01 to the broad based SPY ETF.

SMPL has a market cap of $3.71 billion. This is considered a Mid Cap stock.

Last quarter Simply Good Foods Company reported $376 million in Revenue and $.50 earnings per share. This beat revenue expectation by $2 million and met earnings estimates .

In the last 3 years, SMPL traded as high as $45.77 and as low as $29.21.

The top ETF exchange traded funds that SMPL belongs to (by Net Assets): IJR, VTI, IWM, VB, VXF.

SMPL has underperformed the market in the last year with a price return of -9.9% while the SPY ETF gained +28.7%. However, in the short term, SMPL had mixed performance relative to the market. It has outperformed in the last 3 months, returning +8.3% vs +4.2% return in SPY. But in the last 2 weeks, SMPL shares have been beat by the market, returning -2.9% compared to an SPY return of +0.1%.

SMPL support price is $38.93 and resistance is $40.07 (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 SMPL shares will trade within this expected range on the day.