Sportsman’s Warehouse Holdings Inc (NASDAQ:SPWH) price on Thursday, June 12, rose 11.38% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $4.11.
A look at the stock’s price movement, the close in the last trading session was $3.69. Turning to its 52-week performance, $3.89 and $0.92 were the 52-week high and 52-week low respectively. Overall, SPWH moved 95.71% over the past month.
Sportsman’s Warehouse Holdings Inc’s market cap currently stands at around $157.48 million, with investors looking forward to this quarter’s earnings report slated for in July.
Analysts have a consensus estimate of 291.56M for the company’s revenue for the quarter, with a low and high estimate of 287M and 294.51M respectively. The average forecast suggests up to a 0.98% 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 1.21B, representing a 1.32% jump 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% Buy. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy 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 67.96% and 108.31% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 89.83, while 7-day volatility ratio is 2.74% and 5.92% in the 30-day chart. Further, Sportsman’s Warehouse Holdings Inc (SPWH) has a beta value of 0.49, and an average true range (ATR) of 0.29. Analysts have given the company’s stock an average 52-week price target of $4, forecast between a low of $2 and high of $17. Looking at the price targets, the low is 51.34% off current price level while to achieve the yearly target high, price needs to move -313.63%. Nonetheless, investors will most likely welcome a 2.68% jump to $4 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 2.54 million over the past 3 months. The company’s latest data on shares outstanding shows there are 38.32 million shares.
The 7.51% of Sportsman’s Warehouse Holdings Inc’s shares are in the hands of company insiders while institutional holders own 59.72% of the company’s shares. Current price change has pushed the stock 53.93% 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.
