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Leslie’s Inc. (NASDAQ: LESL): Moving Toward A Higher Share Price

Leslie’s Inc. (NASDAQ:LESL) shares, rose in value on Wednesday, 06/22/22, with the stock price down by -0.61% to the previous day’s close as strong demand from buyers drove the stock to $14.73.

Actively observing the price movement in the last trading, the stock closed the session at $14.82, falling within a range of $14.49 and $15.01. The PE ratio was 20.26 over 12-month period. Referring to stock’s 52-week performance, its high was $28.37, and the low was $13.74. On the whole, LESL has fluctuated by -18.57% over the past month.

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With the market capitalization of Leslie’s Inc. currently standing at about $2.56 billion, investors are eagerly awaiting this quarter’s results, scheduled for Feb 02, 2022 – Feb 07, 2022. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.8, which is expected to increase to $0.42 for fiscal year $1.07 and then to about $1.18 by fiscal year 2023. Data indicates that the EPS growth is expected to be 25.90% in 2023, while the next year’s EPS growth is forecast to be 10.30%.

Analysts have estimated the company’s revenue for the quarter at $708.77 million, with a low estimate of $698.3 million and a high estimate of $722 million. Wall Street analysts also predicted that in 2023, the company’s y-o-y revenues would reach $1.6 billion, representing an increase of 19.20% from the revenues reported in the last year’s results.

Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were 5 upward and no downward review(s) in last seven days. We see that LESL’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.

The stock’s technical analysis shows that the PEG ratio is about 0.62, with the price of LESL currently trading nearly -17.84% and -22.19% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 31.18, while the 7-day volatility ratio is showing 6.86% which for the 30-day chart, stands at 5.10%. Furthermore, Leslie’s Inc. (LESL)’s average true range (ATR) is 0.99.

Data on historical trading for Leslie’s Inc. (NASDAQ:LESL) indicates that the trading volumes over the past 10 days have averaged 2.87 million and over the past 3 months, they’ve averaged 2.03 million. According to company’s latest data on outstanding shares, there are 182.68 million shares outstanding.

The data on short interest also indicates that stock shorts accounted for 24.53 million shares as on Apr 28, 2022, resulting in a short ratio of 14.87. According to the data, the short interest in Leslie’s Inc. (LESL) stood at 13.42% of shares outstanding as of Apr 28, 2022; the number of short shares registered in Mar 30, 2022 reached 22.6 million. The stock has fallen by -37.74% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the LESL stock heading into the next quarter.

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