Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.
The closing price of Latham Group Inc (NASDAQ: SWIM) was $2.48 for the day, down -11.43% from the previous closing price of $2.80. In other words, the price has decreased by -$11.43 from its previous closing price. On the day, 1.14 million shares were traded. SWIM stock price reached its highest trading level at $2.83 during the session, while it also had its lowest trading level at $2.45.
Ratios:
Our analysis of SWIM’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.78 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 3.44. For the most recent quarter (mrq), Quick Ratio is recorded 1.64 and its Current Ratio is at 2.77. In the meantime, Its Debt-to-Equity ratio is 0.84 whereas as Long-Term Debt/Eq ratio is at 0.77.
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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 286157280 and an Enterprise Value of 521001440. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.51 while its Price-to-Book (P/B) ratio in mrq is 0.71. Its current Enterprise Value per Revenue stands at 0.92 whereas that against EBITDA is 9.16.
Stock Price History:
The Beta on a monthly basis for SWIM is 1.67, which has changed by 0.097345114 over the last 52 weeks, in comparison to a change of 0.23568535 over the same period for the S&P500. 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 -23.86%, while the 200-Day Moving Average is calculated to be -16.77%.
Shares Statistics:
SWIM traded an average of 225.99K shares per day over the past three months and 288660 shares per day over the past ten days. A total of 114.87M shares are outstanding, with a floating share count of 36.75M. Insiders hold about 68.15% of the company’s shares, while institutions hold 25.41% stake in the company. Shares short for SWIM as of 1713139200 were 1383937 with a Short Ratio of 6.12, compared to 1710460800 on 1183270. Therefore, it implies a Short% of Shares Outstanding of 1383937 and a Short% of Float of 3.4799999999999995.
Earnings Estimates
The current market rating for Latham Group Inc (SWIM) reflects the collective analysis of 6.0 analysts closely monitoring its performance.On average, analysts expect EPS of -$0.08 for the current quarter, with a high estimate of -$0.06 and a low estimate of -$0.14, while EPS last year was -$0.05. The consensus estimate for the next quarter is $0.03, with high estimates of $0.05 and low estimates of $0.02.
Analysts are recommending an EPS of between -$0.01 and -$0.08 for the fiscal current year, implying an average EPS of -$0.05. EPS for the following year is $0.05, with 5.0 analysts recommending between $0.06 and $0.03.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 8 analysts. It ranges from a high estimate of $102.6M to a low estimate of $100M. As of the current estimate, Latham Group Inc’s year-ago sales were $137.72MFor the next quarter, 8 analysts are estimating revenue of $162.52M. There is a high estimate of $166.46M for the next quarter, whereas the lowest estimate is $155.9M.
A total of 8 analysts have provided revenue estimates for SWIM’s current fiscal year. The highest revenue estimate was $512M, while the lowest revenue estimate was $502.8M, resulting in an average revenue estimate of $505.93M. In the same quarter a year ago, actual revenue was $566.49MBased on 7 analysts’ estimates, the company’s revenue will be $540.1M in the next fiscal year. The high estimate is $567.9M and the low estimate is $520M.
