Latham Group Inc. (NASDAQ:SWIM) saw an upside of 17.85% to $4.49 after adding $0.68 on Tuesday. The 5-day average trading volume is 572,495 shares of the company’s common stock. It has gained $4.77 in the past week and touched a new high 3 times within the past 5 days. An average of 463,744 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 478,705.
SWIM’s 1-month performance is 24.03% or $0.93 on its low of $3.52 reached on 07/10/23. The company’s shares have touched a 52-week low of $2.12 and high of $7.92, with the stock’s rally to the 52-week high happening on 08/08/23. YTD, SWIM has achieved 39.44% or $1.26 and has reached a new high 13 times. However, the current price is down -43.31% from the 52-week high price.
Insider Transactions
SWIM stock investors last saw insider trading activity on Jul 25.BORSETH J MARK (INTERIM CFO) most recently sold 39,035 shares at $3.94 per share on Jul 25. This transaction cost the insider $153,739. CHIEF COMMERCIAL OFFICER, Cowley Joshua D., sold 7,215 shares at a price of $2.26 on Apr 24. Then, on Apr 24, VICE PRESIDENT & CONTROLLER Kunchala Suraj sold 1,732 shares at a price of $2.26 per share. This transaction amounted to $3,914.
Valuation Metrics
SWIM stock has a beta of 1.24. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.79 while the price-to-book (PB) in the most recent quarter is 1.34, with the price to cash flow ratio at 15.79.
Latham Group Inc.’s quick ratio for the period ended March 30 was 1.60, with the current ratio over the same period at 3.00. As well, the company’s long term debt to equity for the quarter ending March 30 was 0.95, while the total debt to equity was 0.96. In terms of profitability, the gross margin trailing 12 months is 27.90%. The firm’s gross profit as reported stood at $216.47 million against revenue of $695.74 million.
Earnings Surprise
For the quarterly period ending March 30 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 80.24% to -$14.37 million, while revenue of -$19.03 million was -32.43% off the previous quarter. Analysts expected SWIM to announce -$0.06 per share in earnings in its latest quarter, but it posted -$0.05, representing a 16.70% surprise. EBITDA for the quarter stood at more than $3.37 million. SWIM stock balance sheet for the quarter ending March 30 shows that total liabilities totaled 554.61 million, with total debt at $398.45 million. Shareholders hold equity totaling $114.79 million.
Let’s look briefly at Latham Group Inc. (SWIM) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 07 August was 72.32% to suggest the stock is trending Overbought, with historical volatility in this time period at 85.99%.
The stock’s 5-day moving average is $3.95, reflecting a +14.29% or $0.56 change from its current price. SWIM is currently trading +18.21% above its 20-day SMA, +37.85% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +12.00% and SMA200 by+23.76%.
Stochastic %K and %D was 30.73% and 15.72% and the average true range (ATR) pointed at 0.29. The RSI (14) points at 66.30%, while the 14-day stochastic is at 71.29% with the period’s ATR at 0.27. The stock’s 9-day MACD Oscillator is pointing at 0.09 and 0.04 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Latham Group Inc. (NASDAQ: SWIM), Barclays downgraded it to an Equal weight rating. They previously had an Overweight rating on the stock. Analysts offering their rating for SWIM stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate SWIM as a “sell,”, while 3 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 4 have offered a “buy” rating.
What is SWIM’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $2.50 and a high of $6.00, with their median price target at $4.00. Looking at these predictions, the average price target given by analysts is for Latham Group Inc. (SWIM) stock is $4.05.
