As of Wednesday close, Hayward Holdings Inc.’s (NYSE:HAYW) stock was up $0.23, moving up 1.61 percent to $14.54. The average number of shares traded per day over the past five days has been 1,048,940 shares. 3 times new highs have been achieved over the past 5 days, with a $0.43 gain in that time frame. In the last twenty days, the average volume was 2,789,760, while in the previous 50 days, it was 2,188,300.
Since last month, HAYW stock rose 8.18%. Shares of the company fell to $13.22 on 07/31/23, the lowest level in the past month. A 52-week high of $15.22 was reached on 08/07/23 after having rallying from a 52-week low of $7.97. Since the beginning of this year, HAYW’s stock price has risen by 54.68% or $5.14, and marked a new high 14 times. However, the stock has declined by -4.44% since its 52-week high.
HAYW stock investors should be aware that Hayward Holdings Inc. (HAYW) stock had its last reported insider trading activity 16 days ago on Aug 15. BLASCO FERNANDO, the VP&GM, Europe & Rest of World of the company, disposed of 10,000 shares for $14.20 on Aug 15. It resulted in a $142,027 divestment by the insider. Jones Eifion sold 35,000 shares at an average price of $14.66 on Aug 03. The insider now owns 211,862 shares following the transaction. On Jul 12, Senior Vice President and CFO Jones Eifion sold 34,620 shares at $13.59 apiece. The transaction was valued at $470,631.
Valuation Metrics
Right now, Hayward Holdings Inc. (HAYW) has a P/E ratio of about 41.90. The stock’s beta is 1.03. Besides these, the trailing price-to-sales (P/S) ratio of 3.11, the price-to-book (PB) ratio of 2.44, and the price-to-cash flow ratio of 16.37 may also be considered.
Financial Health
In the three months ended June 29, Hayward Holdings Inc.’s quick ratio stood at 2.00, while its current ratio was 3.10, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.85, and the total debt-to-equity ratio was 0.86. On the profitability front, the trailing twelve-month gross margin is 45.30% percent. In the year ended June 29, EBITDA margin amounted to 26.74%, whereas operating margins totaled 16.80%. Based on annual data, HAYW earned $597.03 million in gross profit and brought in $1.31 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 9.90%. Return on equity (ROE) for the past 12 months was 6.30%.
In Hayward Holdings Inc.’s quarter-end financial report for June 29, it reported total debt of $1.08 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. HAYW’s revenue fell -40.87% to $209.89 million during the quarter, while net income inched up to $283.51 million. While analysts expected Hayward Holdings Inc. to report $0.16 quarterly earnings, the actual figure was $0.19 per share, beating the consensus estimate by 18.80%. During the quarter, the company generated $86.9 million in EBITDA. The liabilities of Hayward Holdings Inc. were 1.61 billion at the end of its most recent quarter ended June 29, and its total debt was $1.17 billion. The value of shareholders’ equity is $213.12 million.
Technical Picture
This quick technical analysis looks at Hayward Holdings Inc.’s (HAYW) price momentum. With a historical volatility rate of 18.83%, the RSI 9-day stood at 66.23% on 30 August.
With respect to its five-day moving average, the current Hayward Holdings Inc. price is up by +3.05% percent or $0.43. At present, HAYW shares trade +4.68% above its 20-day simple moving average and +31.23% percent above its 100-day simple moving average. However, the stock is currently trading approximately +27.99% above its SMA50 and +39.54% above its SMA200.
Stochastic coefficient K was 59.14% and Stochastic coefficient D was 37.53%, while ATR was 0.39. Given the Stochastic reading of 92.82% for the 14-day period, the RSI (14) reading has been calculated as 63.00%. As of today, the MACD Oscillator reading stands at 0.26, while the 14-day reading stands at 0.21.
Analyst Ratings
Stifel upgraded its rating on Hayward Holdings Inc. (NYSE: HAYW) to a Buy in a note to investors on August 03, 2023. The analysts firm previously had a Hold rating on the stock.Hayward Holdings Inc. (HAYW) has been rated Overweight by analysts. According to 0 brokerage firms, HAYW is a sell, and 5 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 0 analysts rate Hayward Holdings Inc. stock as buy, with 6 recommending it as overweight.
With a median target price of $16.25, the current consensus forecast for the stock is $11.00 – $19.00. Based on these forecasts, analysts predict Hayward Holdings Inc. (HAYW) will achieve an average price target of $15.50.
