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The price of Latham Group Inc (NASDAQ: SWIM) closed at $3.64 in the last session, down -4.46% from day before closing price of $3.81. In other words, the price has decreased by -$4.46 from its previous closing price. On the day, 1.68 million shares were traded. SWIM stock price reached its highest trading level at $3.875 during the session, while it also had its lowest trading level at $3.61.
Ratios:
We take a closer look at SWIM’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 9.60 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 6.21. For the most recent quarter (mrq), Quick Ratio is recorded 1.78 and its Current Ratio is at 3.12. In the meantime, Its Debt-to-Equity ratio is 0.81 whereas as Long-Term Debt/Eq ratio is at 0.78.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Stifel on March 18, 2024, Upgraded its rating to Buy and sets its target price to $4 from $3 previously.
On March 13, 2024, BofA Securities Downgraded its rating to Underperform which previously was Buy and also lowered its target price recommendation from $4.50 to $2.60.
Barclays Downgraded its Overweight to Equal Weight on December 14, 2022, whereas the target price for the stock was revised from $7 to $5.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Mar 15 ’24 when Gloe Oliver C. bought 27,500 shares for $2.92 per share. The transaction valued at 80,300 led to the insider holds 292,922 shares of the business.
Rajeski Scott Michael sold 24,913 shares of SWIM for $75,985 on Mar 04 ’24. The CHIEF EXECUTIVE OFFICER now owns 266,143 shares after completing the transaction at $3.05 per share. On Mar 04 ’24, another insider, Cowley Joshua D., who serves as the CHIEF COMMERCIAL OFFICER of the company, sold 14,650 shares for $3.05 each. As a result, the insider received 44,682 and left with 193,036 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SWIM now has a Market Capitalization of 420685728 and an Enterprise Value of 713117248. As of this moment, Latham’s Price-to-Earnings (P/E) ratio for their current fiscal year is 98.38, and their Forward P/E ratio for the next fiscal year is 198.04. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.78 while its Price-to-Book (P/B) ratio in mrq is 1.07. Its current Enterprise Value per Revenue stands at 1.322 whereas that against EBITDA is 11.457.
Stock Price History:
Over the past 52 weeks, SWIM has reached a high of $4.77, while it has fallen to a 52-week low of $2.04. The 50-Day Moving Average of the stock is 6.77%, while the 200-Day Moving Average is calculated to be 22.57%.
Shares Statistics:
According to the various share statistics, SWIM traded on average about 269.88K shares per day over the past 3-months and 519470 shares per day over the past 10 days. A total of 114.87M shares are outstanding, with a floating share count of 36.74M. Insiders hold about 68.21% of the company’s shares, while institutions hold 26.64% stake in the company. Shares short for SWIM as of 1721001600 were 1233838 with a Short Ratio of 4.57, compared to 1718323200 on 1148154. Therefore, it implies a Short% of Shares Outstanding of 1233838 and a Short% of Float of 3.09.
