Latham Group Inc (NASDAQ:SWIM) shares, rose in value, with the stock price up by 36.81% to the previous day’s close as strong demand from buyers drove the stock to $7.47.
Actively observing the price movement in the last trading, the stock closed the session at $5.46. The PE ratio was 77.89 over 12-month period. Referring to stock’s 52-week performance, its high was $8.41, and the low was $2.38. On the whole, SWIM has fluctuated by 6.11% over the past month.
With the market capitalization of Latham Group Inc currently standing at about $863.72 million, investors are eagerly awaiting this quarter’s results, scheduled for in April.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 539.25M, with a low estimate of 108.42M and a high estimate of 113M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 110.51M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that SWIM’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of SWIM currently trading nearly 15.55% and 11.04% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 63.34, while the 7-day volatility ratio is showing 12.19% which for the 30-day chart, stands at 6.42%. Furthermore, Latham Group Inc (SWIM)’s beta value is 1.84, and its average true range (ATR) is 0.47.
A comparison of Latham Group Inc (SWIM) with its peers suggests the former has fared considerably weaker in the market. SWIM showed an intraday change of 36.81% in last session, and over the past year, it grew by 130.56%%. In comparison, Pool Corp. (POOL) has moved higher at 0.77%% on the day and was down -15.40% over the past 12 months. On the other hand, the price of Hawkins Inc. (HWKN) has risen 2.48%% on the day. The stock, however, is off 48.06% from where it was a year ago.
Data on historical trading for Latham Group Inc (NASDAQ:SWIM) indicates that the trading volumes over the past 3 months, they’ve averaged 595.83K. According to company’s latest data on outstanding shares, there are 115.59 million shares outstanding.
Nearly 22.02% of Latham Group Inc’s shares belong to company insiders and institutional investors own 84.45% of the company’s shares. The stock has risen by 7.33% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SWIM stock heading into the next quarter.
