Should You Invest in Sportsman’s Warehouse Holdings Inc (SPWH) Now?

The 36-month beta value for SPWH is at 0.78. Analysts have varying views on the stock, with 2 analysts rating it as a “buy,” 3 rating it as “overweight,” 4 as “hold,” and 0 as “sell.”

The public float for SPWH is 35.86M, and currently, shorts hold a 10.00% of that float. The average trading volume for SPWH on April 03, 2024 was 375.64K shares.

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SPWH) stock’s latest price update

Sportsman’s Warehouse Holdings Inc (NASDAQ: SPWH)’s stock price has plunge by 6.10relation to previous closing price of 2.87. Nevertheless, the company has seen a 4.28% surge in its stock price over the last five trading sessions. GlobeNewsWire reported 2024-03-20 that WEST JORDAN, Utah, March 20, 2024 (GLOBE NEWSWIRE) — Sportsman’s Warehouse Holdings, Inc. (“Sportsman’s Warehouse” or the “Company”) (Nasdaq: SPWH) today announced that it will hold its quarterly conference call to discuss fourth quarter and full-year 2023 financial results on Wednesday, April 3, 2024 at 5:00 p.m. Eastern Time.

SPWH’s Market Performance

Sportsman’s Warehouse Holdings Inc (SPWH) has seen a 4.28% rise in stock performance for the week, with a -12.75% decline in the past month and a -31.73% plunge in the past quarter. The volatility ratio for the week is 7.10%, and the volatility levels for the past 30 days are at 6.50% for SPWH. The simple moving average for the past 20 days is -2.50% for SPWH’s stock, with a -33.42% simple moving average for the past 200 days.

Analysts’ Opinion of SPWH

Many brokerage firms have already submitted their reports for SPWH stocks, with B. Riley Securities repeating the rating for SPWH by listing it as a “Neutral.” The predicted price for SPWH in the upcoming period, according to B. Riley Securities is $4.50 based on the research report published on December 15, 2023 of the previous year 2023.

Craig Hallum, on the other hand, stated in their research note that they expect to see SPWH reach a price target of $10, previously predicting the price at $13. The rating they have provided for SPWH stocks is “Hold” according to the report published on April 13th, 2023.

B. Riley Securities gave a rating of “Buy” to SPWH, setting the target price at $14 in the report published on May 17th of the previous year.

SPWH Trading at -14.40% from the 50-Day Moving Average

After a stumble in the market that brought SPWH to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -65.59% of loss for the given period.

Volatility was left at 6.50%, however, over the last 30 days, the volatility rate increased by 7.10%, as shares sank -9.50% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -25.25% lower at present.

During the last 5 trading sessions, SPWH rose by +4.45%, which changed the moving average for the period of 200-days by -38.88% in comparison to the 20-day moving average, which settled at $3.11. In addition, Sportsman’s Warehouse Holdings Inc saw -28.52% 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 SPWH starting from WILLIAMSON PHILIP, who purchase 17,500 shares at the price of $4.30 back on Dec 08 ’23. After this action, WILLIAMSON PHILIP now owns 65,606 shares of Sportsman’s Warehouse Holdings Inc, valued at $75,250 using the latest closing price.

Sansom Steven W., the Director of Sportsman’s Warehouse Holdings Inc, purchase 30,000 shares at $4.59 during a trade that took place back on Oct 12 ’23, which means that Sansom Steven W. is holding 80,000 shares at $137,828 based on the most recent closing price.

Stock Fundamentals for SPWH

Current profitability levels for the company are sitting at:

  • -0.0 for the present operating margin
  • 0.31 for the gross margin

The net margin for Sportsman’s Warehouse Holdings Inc stands at -0.01. The total capital return value is set at -0.0. Equity return is now at value -3.32, with -0.97 for asset returns.

Based on Sportsman’s Warehouse Holdings Inc (SPWH), the company’s capital structure generated 0.66 points at debt to capital in total, while cash flow to debt ratio is standing at 0.03. The debt to equity ratio resting at 1.96. The interest coverage ratio of the stock is -0.12.

Currently, EBITDA for the company is 89.84 million with net debt to EBITDA at 14.8. When we switch over and look at the enterprise to sales, we see a ratio of 0.5. The receivables turnover for the company is 347.96for trailing twelve months and the total asset turnover is 1.32. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.19.

Conclusion

In conclusion, Sportsman’s Warehouse Holdings Inc (SPWH) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

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