Sportsman’s Warehouse Holdings Inc (NASDAQ:SPWH) traded with an addition of $0.27 to $4.01 on Thursday, an upside of 7.09 percent. An average of 854,213 shares of common stock have been traded in the last five days. There was a gain of $0.39 in the past week, and it reached a new high 11 times over the past 12 months. The last 20 days have seen an average of 1,092,443 shares traded, while the 50-day average volume stands at 663,333.
SPWH stock has decreased by -16.74% in the last month. The company shares reached their 1-month lowest point of $2.98 on 09/07/23. With the stock rallying to its 52-week high on 01/09/23, shares of the company touched a low of $2.98 and a high of $10.62 in 52 weeks. It has reached a new high 5 times so far this year and lost -57.44% or -$5.39 in price. In spite of this, the price is down -62.29% from the 52-week high.
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Insider Transactions
SPWH stock investors should be aware that Sportsman’s Warehouse Holdings Inc (SPWH) stock had its last reported insider trading activity 7 days ago on Sep 27. In this transaction, the insider spent $101,780. 10% Owner, CANNELL CAPITAL LLC, disposed of 6,425 shares at a price of $3.32 on Sep 11. The insider now owns more than $21,331 worth of shares. Prior to that, PRESIDENT AND CEO Barker Jon went on to Sale 150,833 shares at $9.23 each on Dec 16. An amount of $1,392,038 was transacted.
Valuation Metrics
Sportsman’s Warehouse Holdings Inc (SPWH) has a trailing price-to-earnings (P/E) ratio of 33.35, which compares with the N/A for the broader industry. The stock’s beta is 1.03. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.11, the price-to-book (PB) ratio at 0.55.
Financial Health
The quick ratio of Sportsman’s Warehouse Holdings Inc for the three months ended July 30 was 0.09, and the current ratio was 1.18, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.10 and a total debt to equity ratio of 2.07 for the quarter ending July 30. Its gross profit as reported stood at $460.24 million compared to revenue of $1.4 billion.
Earnings Surprise
In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$3.29 million in the quarter, while revenues of -$15.64 million were grew 544.07%. The analyst consensus anticipated Sportsman’s Warehouse Holdings Inc’s latest quarter earnings to come in at $0.08 per share, but it turned out to be -$0.04, a -150.00% surprise. For the quarter, EBITDA amounted to $7.49 million. Shareholders own equity worth $37.38 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Sportsman’s Warehouse Holdings Inc (SPWH) price momentum. RSI 9-day as of the close on 27 September was 55.32%, suggesting the stock is Neutral, with historical volatility in this time frame at 175.67%.
As of today, SPWH’s price is $3.71 +10.50% or $0.39 from its 5-day moving average. SPWH is currently trading -18.06% lower than its 20-day SMA and -35.45% lower than its 100-day SMA. However, the stock’s current price level is -31.48% below the SMA50 and -59.61% below the SMA200.
The stochastic %K and %D were 74.79% and 61.23%, respectively, and the average true range (ATR) was 0.27. With the 14-day stochastic at 75.44% and the average true range at 0.26, the RSI (14) stands at 45.83%. The stock has reached 0.13 on the 9-day MACD Oscillator while the 14-day reading was at 0.19.
Analyst Ratings
Craig Hallum downgraded Sportsman’s Warehouse Holdings Inc (NASDAQ: SPWH) to a a Hold rating in its most recent analyst report. Previously, the stock was rated as a Buy. The consensus rating for Sportsman’s Warehouse Holdings Inc (SPWH) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell SPWH, while 2 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 2 others rate it as a “buy”.
What is SPWH’s price target for the next 12 months?
Analysts predict a range of price targets between $5.00 and $7.00, with a median target of $5.00. Taking a look at these predictions, the average price target given by analysts for Sportsman’s Warehouse Holdings Inc (SPWH) stock is $5.50.
