Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Traeger ( (COOK) ) has provided an announcement.
On March 5, 2026, Traeger received notice from the New York Stock Exchange that its shares had traded below the $1.00 minimum average closing price over a 30-day period ending March 4, putting the company out of compliance with NYSE listing standards but not triggering an immediate delisting. The notice leaves Traeger’s stock trading on the NYSE during a six‑month cure period, and the company said its operations, SEC reporting obligations and debt agreements remain unaffected.
To address the deficiency, Traeger’s shareholders approved on March 2, 2026 a reverse stock split at a ratio between 1‑for‑10 and 1‑for‑50, with the final terms and timing to be set by the board, aiming to lift the share price back above the required threshold. The board will decide whether and when to implement the split, and the company plans to monitor its stock performance and pursue steps needed to regain compliance, a process closely watched by investors given the potential impact on liquidity and market perception.
The most recent analyst rating on (COOK) stock is a Hold with a $0.75 price target. To see the full list of analyst forecasts on Traeger stock, see the COOK Stock Forecast page.
Spark’s Take on COOK Stock
According to Spark, TipRanks’ AI Analyst, COOK is a Neutral.
Traeger’s overall stock score is primarily impacted by its financial instability, with high leverage and negative profitability metrics. Technical indicators suggest a bearish trend, while valuation remains unattractive due to ongoing losses. The earnings call provided some positive insights into cost-saving initiatives, but challenges remain significant.
To see Spark’s full report on COOK stock, click here.
More about Traeger
Traeger, Inc., listed on the NYSE under the ticker COOK, operates in the consumer products sector, best known for its branded outdoor cooking equipment. The company focuses on wood pellet grills and related accessories, targeting consumers and enthusiasts in the premium backyard cooking and outdoor lifestyle market.
Average Trading Volume: 431,871
Technical Sentiment Signal: Sell
Current Market Cap: $105.5M
Learn more about COOK stock on TipRanks’ Stock Analysis page.