Sportsman’s Warehouse Holdings Inc. (SPWH): Technicals Say You should Hold

Sportsman’s Warehouse Holdings Inc. (NASDAQ:SPWH) saw an upside of 0.57% to close Friday at $17.70 after adding $0.1 on the day. The 5-day average trading volume is 532,240 shares of the company’s common stock. It has gained $17.90 in the past week and touched a new high 2 times within the past 5 days. An average of 614,315 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 506,426.

SPWH’s 1-month performance is -1.01% or -$0.18 on its low of $17.57 reached on 09/15/21. The company’s shares have touched a 52-week low of $11.29 and high of $18.08, with the stock’s rally to the 52-week high happening on 06/09/21. YTD, SPWH has achieved 0.85% or $0.15 and has reached a new high 7 times. However, the current price is down -2.10%% from the 52-week high price.

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Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 30.34 and a low of 5.761. SPWH stock has a beta of 1.04. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.51 while the price-to-book (PB) in the most recent quarter is 3.34.

Sportsman’s Warehouse Holdings Inc.’s quick ratio for the period ended July 30 was 0.10, with the current ratio over the same period at 1.40 meaning that SPWH stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending July 30 was 0.00, while the total debt to equity was 0.17. In terms of profitability, the gross margin trailing 12 months is 32.80%The trailing 12-month EBITDA margin is 12.62% while for the period ending July 30; Sportsman’s Warehouse Holdings Inc.’s operating margin was 7.80%. The firm’s gross profit as reported stood at $476.45 million against revenue of $1.45 billion.

The effectiveness of a company’s management is also important for investors when it comes to determining the potential profitability of the investment. Sportsman’s Warehouse Holdings Inc.’s return on assets over the past 12 months stands at 12.50%. Return on investment over the past year is 43.50%, while its return on equity (ROE) trailing 12 months is 42.80%. In comparison, the average ROE for the broader industry over the past year is -3.50.

Earnings Surprise

For the quarterly period ending July 30 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected SPWH to announce $0.48 per share in earnings in its latest quarter, but it posted $0.44, representing a -8.30% surprise. EBITDA for the quarter stood at more than $30.6 million. SPWH stock balance sheet for the quarter ending July 30 shows that total liabilities totaled 524.4 million, with total debt at $313.3 million. Shareholders hold equity totaling $43.87 million

Technical Picture

Let’s look briefly at Sportsman’s Warehouse Holdings Inc. (SPWH) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 01 October was 50.29% to suggest the stock is trending Neutral, with historical volatility in this time period at 10.93%.

The stock’s 5-day moving average is $17.70, reflecting a -0.56% or -$0.10 change from its current price. SPWH is currently trading -0.51% above its 20-day SMA, +0.17% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -0.51% and +45.44% respectively.

Stochastic %K and %D was 35.86% and 38.70% and the average true range (ATR) pointed at 0.14. The RSI (14) points at 49.97%, while the 14-day stochastic is at 40.91% with the period’s ATR at 0.13. The stock’s 9-day MACD Oscillator is pointing at -0.02 and 0.00 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Sportsman’s Warehouse Holdings Inc. (NASDAQ: SPWH), Piper Sandler downgraded it to a Neutral rating. They previously had an Overweight rating on the stock. Analysts offering their rating for SPWH stock have a consensus rating for the stock as Hold. Currently, 0 brokerage advisors rate SPWH as a “sell,”, while 3 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 0 have offered a “buy” rating.

What is SPWH’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $18.00 and a high of $18.00, with their median price target at $18.00. Looking at these predictions, the average price target given by analysts is for Sportsman’s Warehouse Holdings Inc. (SPWH) stock is $18.00.


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