The trading price of Latham Group Inc (NASDAQ:SWIM) closed higher on Tuesday, December 10, and closing at $7.84, 10.42% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $6.71 and $7.92. The company’s P/E ratio in the trailing 12-month period was 81.75, while its 5Y monthly beta was 1.875. In examining the 52-week price action we see that the stock hit a 52-week high of $7.33 and a 52-week low of $2.11. Over the past month, the stock has gained 34.25% in value.
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Latham Group Inc, whose market valuation is $906.49 million at the time of this writing, is expected to release its quarterly earnings report in January. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -0.1 per share this quarter, however they have predicted annual earnings per share of 0.06 for current year and 0.1 for next year.
Analysts have forecast the company to bring in revenue of 84.95M for the current quarter, with the likely lows of 83.64M and highs of 86.55M. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 506.12M.
On the technical side, indicators suggest SWIM has a 50% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned SWIM a recommendation rating is 2. Out of them, 2 rate it a Hold, while 0 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged Latham Group Inc (SWIM) as Underweight, while 0 advise Sell. Analysts have rated the stock Hold, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 69.28, which symbolizes a positive outlook. A quick review shows that SWIM’s price is currently 22.79% off the SMA20 and 20.24% off the SMA50. The RSI metric on the 14-day chart is currently showing 71.07, and weekly volatility stands at 7.37%. When measured over the past 30 days, the indicator reaches 6.47%. Latham Group Inc (NASDAQ:SWIM)’s beta value is currently sitting at 1.84, while the Average True Range indicator is currently displaying 0.45. With analysts defining $6-$7 as the low and high price targets, we arrive at a consensus price target of $6.5 for the trailing 12-month period. The current price is about 23.47% off the estimated low and 10.71% off the forecast high, based on this estimate. Investors will be thrilled if SWIM’s share price rises to $6.5, which is the median consensus price. At that level, SWIM’s share price would be 17.09% above current price.
To see how Latham Group Inc stock has been performing in comparison to its peers in the industry, here are the numbers: SWIM stock’s performance was 10.42% in the latest trading, and 216.13% in the past year. Latham Group Inc has a P/E ratio of 81.75.
An evaluation of the daily trading volume of Latham Group Inc (NASDAQ:SWIM) indicates that the 3-month average is 587.38K. However, this figure has increased over the past 10 days to an average of 0.6.
Currently, records show that 115.59 million of the company’s shares remain outstanding. The insiders hold 66.90% of outstanding shares, whereas institutions hold 33.76%. The stats also highlight that short interest as of 2024-11-29, stood at 2.36 million shares, resulting in a short ratio of 3.3 at that time. From this, we can conclude that short interest is 589.00 of the company’s total outstanding shares. It is noteworthy that short shares in November were up slightly from the previous month’s figure, which was 1.7 million. However, since the stock’s price has seen 198.10% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
