Shake Shack (SHAK) investors need to read this
What’s up with Shake Shack?
Shake Shack (SHAK) opened at $49.89, which means the stock is up 3.40% from yesterday’s closing price of 51.70. Today, the company has a high of $53.50 and a low of $48.33. The company has a market cap of $2.16 billion with a 52-week high of $105.84 and a 52-week low of $30.01.
What about the future for Shake Shack?
The high forecast for Shake Shack is 60.00 while the low is 30.00. Stock forecasts are based on human experience: Human traders based on their experience in terms of stock price patterns, volume changes, and market news/rumors regarding a particular stock. Shake Shack has a strong forecast. A strong forecast is a result of strong earning reports as investors are willing to pay a higher share price today because of growth expectations in the future.. Based on this information SHAK seems to be a safe buy.
About Shake Shack
Shake Shack, Inc. is a holding company, which engages in operating fast food hamburger restaurants. It offers beef burgers, flat-top dogs, chicken sandwiches, frozen custard and crinkle cut fries and includes all the mobile ordering essentials. The company was founded by Daniel Harris Meyer on September 23, 2014 and is headquartered in New York, NY.