Leslie’s Inc. (LESL): A Technical View

As of Wednesday close, Leslie’s Inc.’s (NASDAQ:LESL) stock was down -$0.09, moving down -0.61 percent to $14.73. The average number of shares traded per day over the past five days has been 3,253,660 shares. 1 time new highs have been achieved over the past 5 days, with a -$1.32 fall in that time frame. In the last twenty days, the average volume was 2,449,520, while in the previous 50 days, it was 2,108,322.

Since last month, LESL stock retreated -18.57%. Shares of the company fell to $13.74 on 06/16/22, the lowest level in the past month. A 52-week high of $28.37 was reached on 01/04/22 after having rallying from a 52-week low of $13.74. Since the beginning of this year, LESL’s stock price has dropped by -37.74% or -$8.93, and marked a new high 2 times. However, the stock has declined by -48.08% since its 52-week high.

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Leslie’s Inc. (LESL) last reported insider trading activity 42 days ago on May 12. LaBode Moyo, the Chief Merchandising Officer of the company, disposed of 4,696 shares for $17.48 on May 12. It resulted in a $82,086 divestment by the insider. Weddell Steven M added 25,000 shares at an average price of $19.80 on Feb 08. The insider now owns 1,411,377 shares following the transaction. On Feb 08, Chief Executive Officer Egeck Michael R. bought 101,700 shares at $19.66 apiece. The transaction was valued at $1,999,422.

Financial Health

In the three months ended March 30, Leslie’s Inc.’s quick ratio stood at 0.40, while its current ratio was 1.40, showing that the company is not able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 44.00% percent. In the year ended March 30, operating margins totaled 15.30%. Based on annual data, LESL earned $595.16 million in gross profit and brought in $1.34 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -330.10%. Return on equity (ROE) for the past 12 months was -45.30%.

In Leslie’s Inc.’s quarter-end financial report for March 30, it reported total debt of $782.92 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. LESL’s revenue rose 15.62% to $184.82 million during the quarter, while net income inched up to $228.07 million. While analysts expected Leslie’s Inc. to report -$0.02 quarterly earnings, the actual figure was -$0.01 per share. During the quarter, the company generated $3.08 million in EBITDA. The liabilities of Leslie’s Inc. were 1.32 billion at the end of its most recent quarter ended March 30, and its total debt was $1000.0 million. The value of shareholders’ equity is $182.84 million.

Technical Picture

This quick technical analysis looks at Leslie’s Inc.’s (LESL) price momentum. With a historical volatility rate of 60.87%, the RSI 9-day stood at 26.39% on 22 June.

With respect to its five-day moving average, the current Leslie’s Inc. price is down by -8.22% percent or -$1.32. At present, LESL shares trade -20.89% below its 20-day simple moving average and -23.88% percent below its 100-day simple moving average. However, the stock is currently trading approximately -28.87% below its SMA50 and -39.90% below its SMA200.

Stochastic coefficient K was 18.21% and Stochastic coefficient D was 18.62%, while ATR was 0.96. Given the Stochastic reading of 15.76% for the 14-day period, the RSI (14) reading has been calculated as 31.18%. As of today, the MACD Oscillator reading stands at -1.01, while the 14-day reading stands at -2.27.

Analyst Ratings

Goldman upgraded its rating on Leslie’s Inc. (NASDAQ: LESL) to a Buy in a note to investors on April 04, 2022. The analysts firm previously had a Neutral rating on the stock.Leslie’s Inc. (LESL) has been rated Buy by analysts. According to 0 brokerage firms, LESL is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Leslie’s Inc. stock as buy, with 11 recommending it as overweight.

With a median target price of $25.50, the current consensus forecast for the stock is $24.00 – $32.00. Based on these forecasts, analysts predict Leslie’s Inc. (LESL) will achieve an average price target of $26.50.


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