Leslie’s Inc. (NASDAQ:LESL) finished Wednesday with an addition of $0.02 to close at $6.46, an upside of 0.31 percent. An average of 2,518,180 shares of common stock have been traded in the last five days. There was a fall of -$0.56 in the past week, and it reached a new high 8 times over the past 12 months. The last 20 days have seen an average of 3,970,690 shares traded, while the 50-day average volume stands at 5,813,298.
LESL stock has increased by 8.21% in the last month. The company shares reached their 1-month lowest point of $5.32 on 07/24/23. With the stock rallying to its 52-week high on 02/02/23, shares of the company touched a low of $5.28 and a high of $17.12 in 52 weeks. It has reached a new high 16 times so far this year and lost -47.09% or -$5.75 in price. In spite of this, the price is down -62.28% from the 52-week high.
Insider Transactions
LESL stock investors should be aware that Leslie’s Inc. (LESL) stock had its last reported insider trading activity 255 days ago on Aug 07. In this transaction, the insider spent $112,308,858., Gazaway Brad, disposed of 3,335 shares at a price of $14.82 on Sep 26. The insider now owns more than $49,425 worth of shares.
Valuation Metrics
Leslie’s Inc. (LESL) has a trailing price-to-earnings (P/E) ratio of 17.46. The stock’s beta is 0.68. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.81.
Financial Health
The quick ratio of Leslie’s Inc. for the three months ended June 29 was 0.30, and the current ratio was 1.70, indicating that the company is not able to meet its debt obligations. Its gross profit as reported stood at $673.74 million compared to revenue of $1.56 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Leslie’s Inc.’s return on assets was 6.10%.
Earnings Surprise
For the three-month period that ended June 29, Leslie’s Inc. had $774.88 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $72.55 million in the quarter, while revenues of -$31.53 million were shrunk -69.52%. The analyst consensus anticipated Leslie’s Inc.’s latest quarter earnings to come in at $0.44 per share, but it turned out to be $0.41, a -6.80% surprise. For the quarter, EBITDA amounted to $124.49 million. Shareholders own equity worth $184.0 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Leslie’s Inc. (LESL) price momentum. RSI 9-day as of the close on 23 August was 36.22%, suggesting the stock is Neutral, with historical volatility in this time frame at 36.43%.
As of today, LESL’s price is $6.57 -7.98% or -$0.56 from its 5-day moving average. LESL is currently trading +5.56% higher than its 20-day SMA and -39.51% lower than its 100-day SMA. However, the stock’s current price level is -37.34% below the SMA50 and -50.27% below the SMA200.
The stochastic %K and %D were 21.15% and 29.81%, respectively, and the average true range (ATR) was 0.33. With the 14-day stochastic at 13.86% and the average true range at 0.37, the RSI (14) stands at 38.13%. The stock has reached -0.30 on the 9-day MACD Oscillator while the 14-day reading was at -0.33.
Analyst Ratings
Loop Capital downgraded Leslie’s Inc. (NASDAQ: LESL) to a a Hold rating in its most recent analyst report. Previously, the stock was rated as a Buy. The consensus rating for Leslie’s Inc. (LESL) among analysts is Hold. According to current brokerage recommendations, 0 brokerage firms advise that investors sell LESL, while 9 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 3 others rate it as a “buy”.
What is LESL’s price target for the next 12 months?
Analysts predict a range of price targets between $6.00 and $12.00, with a median target of $7.25. Taking a look at these predictions, the average price target given by analysts for Leslie’s Inc. (LESL) stock is $7.85.
