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Latham Group Inc. (SWIM): Skating on Thin Ice? We Know the Answer

Latham Group Inc. (NASDAQ:SWIM) went up by 27.02% from its latest closing price compared to the recent 1-year high of $27.25. The company’s stock price has collected 14.56% of gains in the last five trading sessions.

Is It Worth Investing in Latham Group Inc. (NASDAQ :SWIM) Right Now?

Latham Group Inc. (NASDAQ:SWIM) scored a price-to-earnings ratio above its average ratio, recording 56.56 x from its present earnings ratio. Opinions of the stock are interesting as 5 analysts out of 9 who provided ratings for Latham Group Inc. declared the stock was a “buy,” while 2 rated the stock as “overweight,” 1 rated it as “hold,” and 1 as “sell.”

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The average price from analysts is $6.06, which is $2.82 above the current price. SWIM currently public float of 105.80M and currently shorts hold a 2.13% ratio of that float. Today, the average trading volume of SWIM was 710.20K shares.

SWIM’s Market Performance

SWIM stocks went up by 14.56% for the week, with a monthly drop of -15.62% and a quarterly performance of -42.45%, while its annual performance rate touched -84.27%. The volatility ratio for the week stands at 11.89% while the volatility levels for the past 30 days are set at 11.07% for Latham Group Inc. The simple moving average for the period of the last 20 days is -6.59% for SWIM stocks with a simple moving average of -58.44% for the last 200 days.

Analysts’ Opinion of SWIM

Many brokerage firms have already submitted their reports for SWIM stocks, with Goldman repeating the rating for SWIM by listing it as a “Sell.” The predicted price for SWIM in the upcoming period, according to Goldman is $5.50 based on the research report published on July 13th of the current year 2022.

BofA Securities, on the other hand, stated in their research note that they expect to see SWIM reach a price target of $27, previously predicting the price at $18. The rating they have provided for SWIM stocks is “Buy” according to the report published on November 11th, 2021.

BofA Securities gave a rating of “Neutral” to SWIM, setting the target price at $18 in the report published on November 08th of the previous year.

SWIM Trading at -9.19% from the 50-Day Moving Average

After a stumble in the market that brought SWIM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -86.72% of loss for the given period.

Volatility was left at 11.07%, however, over the last 30 days, the volatility rate increased by 11.89%, as shares sank -16.97% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -30.92% lower at present.

During the last 5 trading sessions, SWIM rose by +14.56%, which changed the moving average for the period of 200-days by -78.81% in comparison to the 20-day moving average, which settled at $3.84. In addition, Latham Group Inc. saw -85.54% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at SWIM starting from Laven Mark Phillip, who purchase 7,500 shares at the price of $2.98 back on Nov 21. After this action, Laven Mark Phillip now owns 402,206 shares of Latham Group Inc., valued at $22,385 using the latest closing price.

Laven Mark Phillip, the Director of Latham Group Inc., purchase 7,500 shares at $2.89 during a trade that took place back on Nov 18, which means that Laven Mark Phillip is holding 394,706 shares at $21,675 based on the most recent closing price.

Stock Fundamentals for SWIM

Current profitability levels for the company are sitting at:

  • -4.40 for the present operating margin
  • +28.80 for the gross margin

The net margin for Latham Group Inc. stands at -9.89. Equity return is now at value 1.90, with 0.80 for asset returns.

The liquidity ratio also appears to be rather interesting for investors as it stands at 1.99.