Hayward Holdings Inc (NYSE:HAYW) saw a downside of -1.69% to $13.40 after subtracting -$0.23 on Tuesday. The 5-day average trading volume is 1,389,202 shares of the company’s common stock. It has gained $14.36 in the past week and touched a new high 1 time within the past 5 days. An average of 1,738,690 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,209,534.
HAYW’s 1-month performance is -2.97% or -$0.42 on its low of $13.31 reached on 09/13/23. The company’s shares have touched a 52-week low of $7.97 and high of $15.22, with the stock’s rally to the 52-week high happening on 08/07/23. YTD, HAYW has achieved 42.55% or $3.99 and has reached a new high 14 times. However, the current price is down -11.93% from the 52-week high price.
Insider Transactions
HAYW stock investors last saw insider trading activity on Aug 30.BLASCO FERNANDO (VP&GM, Europe & Rest of World) most recently sold 10,000 shares at $14.50 per share on Aug 30. This transaction cost the insider $144,983. VP&GM, Europe & Rest of World, BLASCO FERNANDO, sold 10,000 shares at a price of $14.20 on Aug 15. Then, on Aug 03, Senior Vice President and CFO Jones Eifion sold 35,000 shares at a price of $14.66 per share. This transaction amounted to $513,072.
Valuation Metrics
HAYW stock has a beta of 1.04. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.86 while the price-to-book (PB) in the most recent quarter is 2.25, with the price to cash flow ratio at 15.80.
Hayward Holdings Inc’s quick ratio for the period ended June 29 was 1.98, with the current ratio over the same period at 3.14. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.90, while the total debt to equity was 0.92. In terms of profitability, the gross margin trailing 12 months is 42.05%. The trailing 12-month EBITDA margin is 26.74% while for the period ending June 29, Hayward Holdings Inc’s operating margin was 17.14%. The firm’s gross profit as reported stood at $597.03 million against revenue of $1.31 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -124.99% to $29.45 million, while revenue of $8.41 million was 71.44% off the previous quarter. Analysts expected HAYW to announce $0.16 per share in earnings in its latest quarter, but it posted $0.19, representing a 18.80% surprise. EBITDA for the quarter stood at more than $86.9 million. HAYW stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 1.61 billion, with total debt at $1.17 billion. Shareholders hold equity totaling $213.12 million.
Let’s look briefly at Hayward Holdings Inc (HAYW) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 25 September was 34.89% to suggest the stock is trending Neutral, with historical volatility in this time period at 28.94%.
The stock’s 5-day moving average is $13.63, reflecting a -4.90% or -$0.69 change from its current price. HAYW is currently trading -4.29% above its 20-day SMA, +8.25% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +7.46% and SMA200 by+47.47%.
Stochastic %K and %D was 19.26% and 20.40% and the average true range (ATR) pointed at 0.38. The RSI (14) points at 40.53%, while the 14-day stochastic is at 7.18% with the period’s ATR at 0.39. The stock’s 9-day MACD Oscillator is pointing at -0.27 and -0.25 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Hayward Holdings Inc (NYSE: HAYW), Stifel upgraded it to a Buy rating. They previously had a Hold rating on the stock. Analysts offering their rating for HAYW stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate HAYW as a “sell,”, while 4 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 0 rates the stock as overweight while 6 have offered a “buy” rating.
What is HAYW’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $11.00 and a high of $19.00, with their median price target at $16.50. Looking at these predictions, the average price target given by analysts is for Hayward Holdings Inc (HAYW) stock is $15.78.
