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The closing price of Latham Group Inc (NASDAQ: SWIM) was $6.60 for the day, up 2.64% from the previous closing price of $6.43. In other words, the price has increased by $2.64 from its previous closing price. On the day, 0.71 million shares were traded. SWIM stock price reached its highest trading level at $6.928 during the session, while it also had its lowest trading level at $6.52.
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 8.40 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 9.74. For the most recent quarter (mrq), Quick Ratio is recorded 2.15 and its Current Ratio is at 3.22. In the meantime, Its Debt-to-Equity ratio is 0.77 whereas as Long-Term Debt/Eq ratio is at 0.74.
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 Aug 26 ’24 when Rajeski Scott Michael sold 25,851 shares for $6.54 per share. The transaction valued at 169,066 led to the insider holds 490,829 shares of the business.
Rajeski Scott Michael bought 35,851 shares of SWIM for $236,032 on Aug 26 ’24. On Aug 16 ’24, another insider, Scott Michael Rajeski, who serves as the Chief Executive Officer, Direc of the company, bought 33,000 shares for $6.09 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 762808192 and an Enterprise Value of 986320896. As of this moment, Latham’s Price-to-Earnings (P/E) ratio for their current fiscal year is 66.20, and their Forward P/E ratio for the next fiscal year is 44.53. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.46 while its Price-to-Book (P/B) ratio in mrq is 1.87. Its current Enterprise Value per Revenue stands at 1.888 whereas that against EBITDA is 14.207.
Stock Price History:
Over the past 52 weeks, SWIM has reached a high of $6.83, while it has fallen to a 52-week low of $2.04. The 50-Day Moving Average of the stock is 30.45%, while the 200-Day Moving Average is calculated to be 84.23%.
Shares Statistics:
SWIM traded an average of 702.79K shares per day over the past three months and 551500 shares per day over the past ten days. A total of 114.87M shares are outstanding, with a floating share count of 36.82M. Insiders hold about 68.15% of the company’s shares, while institutions hold 27.11% stake in the company. Shares short for SWIM as of 1724976000 were 1182082 with a Short Ratio of 1.68, compared to 1722384000 on 1293670. Therefore, it implies a Short% of Shares Outstanding of 1182082 and a Short% of Float of 2.96.
