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Why Hayward Holdings Inc. (NYSE: HAYW) Stock Might Be A Good Investment

Hayward Holdings Inc. (NYSE:HAYW) traded at $10.23 at close of the session on Wednesday, September 21, made an upward move of 3.75% on its previous day’s price.

Looking at the stock we see that its previous close was $9.86 with the day’s price range being $9.675 – $10.22. The company has a trailing 12-month PE ratio of 9.30. In terms of its 52-week price range, HAYW has a high of $28.65 and a low of $9.68. The company’s stock has lost about -16.09% over that past 30 days.

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Hayward Holdings Inc. has a market cap of $2.17 billion and is expected to release its quarterly earnings report on Oct 27, 2021. Estimates by analysts give the company expected earnings per share (EPS) of $0.29, with the EPS growth for the year raised at $1.3 for 2022 and $1.2 for next year. These figures represent -3.70% and -7.70% growth in EPS for the two years respectively.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $330.06 million, with a low of $221.78 million and a high of $384 million. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2022 is expected to hit $1.5 billion, or 7.30% up from figures reported last year.

There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the HAYW stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 100% Sell. Long term indicators on average place the stock in the category of 100% Sell.

Looking further, we note the current price level is -4.54% off its SMA20 and -13.75% from its 50-day simple moving average. The RSI (14) is pointing at 39.73 while the volatility over the past week is 4.28% and jumps to 3.82% over the past one month.

Coming back to Hayward Holdings Inc. (NYSE:HAYW), we note that the average 3-month trading volume was 1.60 million, while that of the preceding 10-day period stands at 2.02 million. Current shares outstanding are 218.40 million.

The insiders hold 0.30% of the company’s shares. The data shows that short shares as of Jul 14, 2022, stood at 13.14 million at a short ratio of 9. This represents a 6.01% short interest in shares outstanding on Jul 14, 2022. Shares short rose in July from the previous month at 8.73 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -62.41% down in year-to-date price movement.

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