Sportsman’s Warehouse Holdings Inc (NASDAQ:SPWH) price on Friday, February 07, fall -4.69% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $1.83.
A look at the stock’s price movement, the close in the last trading session was $1.92, moving within a range at $1.8 and $1.9098. The beta value (5-Year monthly) was 0.657. Turning to its 52-week performance, $4.44 and $1.81 were the 52-week high and 52-week low respectively. Overall, SPWH moved -23.43% over the past month.
Sportsman’s Warehouse Holdings Inc’s market cap currently stands at around $69.46 million, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 328.67M for the company’s revenue for the quarter, with a low and high estimate of 323.38M and 334.1M respectively. The average forecast suggests down to a -11.27% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 1.19B, representing a -7.85% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that SPWH is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
5 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 3 analyst(s) rate the stock as a Hold, 2 recommend SPWH as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
SPWH’s current price about -12.63% and -19.41% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 32.10, while 7-day volatility ratio is 4.88% and 5.80% in the 30-day chart. Further, Sportsman’s Warehouse Holdings Inc (SPWH) has a beta value of 0.47, and an average true range (ATR) of 0.13. Analysts have given the company’s stock an average 52-week price target of $3, forecast between a low of $2 and high of $5. Looking at the price targets, the low is -9.29% off current price level while to achieve the yearly target high, price needs to move -173.22%. Nonetheless, investors will most likely welcome a -63.93% jump to $3 which is the analysts’ median price.
If we refocus on Sportsman’s Warehouse Holdings Inc (NASDAQ:SPWH), historical trading data shows that trading volumes averaged 0.32 over the past 10 days and 522.81K over the past 3 months. The company’s latest data on shares outstanding shows there are 37.96 million shares.
The 6.00% of Sportsman’s Warehouse Holdings Inc’s shares are in the hands of company insiders while institutional holders own 78.70% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 0.85 million on 2024-11-29, giving us a short ratio of 2.26. The data shows that as of 2024-11-29 short interest in Sportsman’s Warehouse Holdings Inc (SPWH) stood at 260.99999 of shares outstanding, with shares short falling to 1.06 million registered in 2024-10-31. Current price change has pushed the stock -31.46% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the SPWH stock continues to rise going into the next quarter.
