Sportsman’s Warehouse Holdings Inc (NASDAQ:SPWH) saw a downside of -2.49% to close Friday at $3.53 after subtracting -$0.09 on the day. The 5-day average trading volume is 566,260 shares of the company’s common stock. It has gained $3.94 in the past week and touched a new high 2 times within the past 5 days. An average of 1,068,685 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 638,230.
SPWH’s 1-month performance is -34.87% or -$2.05 on its low of $2.98 reached on 09/07/23. The company’s shares have touched a 52-week low of $2.98 and high of $10.62, with the stock’s rally to the 52-week high happening on 01/09/23. YTD, SPWH has lost -62.49% or -$5.88 and has reached a new high 5 times. However, the current price is down -66.76% from the 52-week high price.
Insider Transactions
SPWH stock investors last saw insider trading activity on Sep 21.CANNELL CAPITAL LLC (10% Owner) most recently sold 27,733 shares at $3.67 per share on Sep 21. This transaction cost the insider $101,780. 10% Owner, CANNELL CAPITAL LLC, sold 6,425 shares at a price of $3.32 on Sep 11. Then, on Dec 16, PRESIDENT AND CEO Barker Jon sold 150,833 shares at a price of $9.23 per share. This transaction amounted to $1,392,038.
Valuation Metrics
SPWH stock has a beta of 1.03. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.10 while the price-to-book (PB) in the most recent quarter is 0.48.
Sportsman’s Warehouse Holdings Inc’s quick ratio for the period ended July 30 was 0.09, with the current ratio over the same period at 1.18. As well, the company’s long term debt to equity for the quarter ending July 30 was 1.10, while the total debt to equity was 2.07. In terms of profitability, the gross margin trailing 12 months is 27.73%. The trailing 12-month EBITDA margin is 8.71% while for the period ending July 30, Sportsman’s Warehouse Holdings Inc’s operating margin was 1.24%. The firm’s gross profit as reported stood at $460.24 million against revenue of $1.4 billion.
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. Net income grew 544.07% to -$3.29 million, while revenue of -$15.64 million was -375.38% off the previous quarter. Analysts expected SPWH to announce $0.08 per share in earnings in its latest quarter, but it posted -$0.04, representing a -150.00% surprise. EBITDA for the quarter stood at more than $7.49 million. SPWH stock balance sheet for the quarter ending July 30 shows that total liabilities totaled 723.59 million, with total debt at $565.04 million. Shareholders hold equity totaling $37.38 million.
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 22 September was 30.79% to suggest the stock is trending Neutral, with historical volatility in this time period at 162.17%.
The stock’s 5-day moving average is $3.65, reflecting a -2.22% or -$0.08 change from its current price. SPWH is currently trading -30.72% above its 20-day SMA, -43.06% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -41.26% and SMA200 by-63.91%.
Stochastic %K and %D was 32.83% and 34.73% and the average true range (ATR) pointed at 0.25. The RSI (14) points at 29.56%, while the 14-day stochastic is at 31.98% with the period’s ATR at 0.25. The stock’s 9-day MACD Oscillator is pointing at -0.03 and -0.09 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Sportsman’s Warehouse Holdings Inc (NASDAQ: SPWH), Craig Hallum downgraded it to a Hold rating. They previously had a Buy rating on the stock. Analysts offering their rating for SPWH stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate SPWH as a “sell,”, while 2 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 2 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 $5.00 and a high of $7.00, with their median price target at $5.00. Looking at these predictions, the average price target given by analysts is for Sportsman’s Warehouse Holdings Inc (SPWH) stock is $5.50.
