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After finishing at $5.84 in the prior trading day, Latham Group Inc (NASDAQ: SWIM) closed at $5.75, down -1.54%. In other words, the price has decreased by -$1.54 from its previous closing price. On the day, 1.07 million shares were traded. SWIM stock price reached its highest trading level at $5.9629 during the session, while it also had its lowest trading level at $5.58.
Ratios:
Our goal is to gain a better understanding of SWIM by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 10.67 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 9.88. For the most recent quarter (mrq), Quick Ratio is recorded 1.60 and its Current Ratio is at 2.44. In the meantime, Its Debt-to-Equity ratio is 0.76 whereas as Long-Term Debt/Eq ratio is at 0.73.
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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Oct 31 ’24 when Gloe Oliver C. sold 10,216 shares for $6.44 per share. The transaction valued at 65,791 led to the insider holds 282,706 shares of the business.
Rajeski Scott Michael sold 25,851 shares of SWIM for $169,066 on Aug 26 ’24. The CHIEF EXECUTIVE OFFICER now owns 490,829 shares after completing the transaction at $6.54 per share. On Aug 26 ’24, another insider, Rajeski Scott Michael, who serves as the Officer of the company, bought 35,851 shares for $6.58 each.
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 664843776 and an Enterprise Value of 923285312. As of this moment, Latham’s Price-to-Earnings (P/E) ratio for their current fiscal year is 59.96, and their Forward P/E ratio for the next fiscal year is 56.02. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 50.81. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.25 while its Price-to-Book (P/B) ratio in mrq is 1.60. Its current Enterprise Value per Revenue stands at 1.803 whereas that against EBITDA is 14.087.
Stock Price History:
Over the past 52 weeks, SWIM has reached a high of $7.33, while it has fallen to a 52-week low of $2.09. The 50-Day Moving Average of the stock is -11.17%, while the 200-Day Moving Average is calculated to be 33.87%.
Shares Statistics:
The stock has traded on average 571.30K shares per day over the past 3-months and 665880 shares per day over the last 10 days, according to various share statistics. A total of 114.87M shares are outstanding, with a floating share count of 36.84M. Insiders hold about 68.14% of the company’s shares, while institutions hold 31.10% stake in the company. Shares short for SWIM as of 1728950400 were 1398864 with a Short Ratio of 2.45, compared to 1726185600 on 1220727. Therefore, it implies a Short% of Shares Outstanding of 1398864 and a Short% of Float of 3.5000000000000004.
