The stock price of Onewater Marine Inc (NASDAQ: ONEW) has dropped by -10.12 compared to previous close of 23.32. Despite this, the company has seen a fall of -10.62% in its stock price over the last five trading days. GlobeNewsWire reported 2024-04-18 that BUFORD, Ga., April 18, 2024 (GLOBE NEWSWIRE) — OneWater Marine Inc. (NASDAQ: ONEW) (the “Company” or “OneWater”) announced today that it will release its second quarter 2024 financial results on Thursday, May 2nd, 2024, before the market opens. Following the release, the Company’s management team will host a conference call to discuss the results at 8:30 a.m. Eastern Time that day.
Is It Worth Investing in Onewater Marine Inc (NASDAQ: ONEW) Right Now?
Additionally, the 36-month beta value for ONEW is 2.52. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for ONEW is 10.81M and currently, short sellers hold a 8.06% ratio of that float. The average trading volume of ONEW on April 26, 2024 was 93.22K shares.
ONEW’s Market Performance
The stock of Onewater Marine Inc (ONEW) has seen a -10.62% decrease in the past week, with a -18.79% drop in the past month, and a -23.08% fall in the past quarter. The volatility ratio for the week is 4.89%, and the volatility levels for the past 30 days are at 4.24% for ONEW. The simple moving average for the past 20 days is -18.60% for ONEW’s stock, with a -23.41% simple moving average for the past 200 days.
Analysts’ Opinion of ONEW
KeyBanc Capital Markets, on the other hand, stated in their research note that they expect to see ONEW reach a price target of $33. The rating they have provided for ONEW stocks is “Overweight” according to the report published on April 19th, 2023.
DA Davidson gave a rating of “Neutral” to ONEW, setting the target price at $35 in the report published on September 30th of the previous year.
ONEW Trading at -17.72% from the 50-Day Moving Average
After a stumble in the market that brought ONEW to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -46.46% of loss for the given period.
Volatility was left at 4.24%, however, over the last 30 days, the volatility rate increased by 4.89%, as shares sank -22.11% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -19.60% lower at present.
During the last 5 trading sessions, ONEW fell by -10.62%, which changed the moving average for the period of 200-days by -42.75% in comparison to the 20-day moving average, which settled at $25.45. In addition, Onewater Marine Inc saw -37.97% 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 ONEW starting from Singleton Philip Austin Jr., who purchase 2,378 shares at the price of $25.47 back on Aug 25 ’23. After this action, Singleton Philip Austin Jr. now owns 580,183 shares of Onewater Marine Inc, valued at $60,568 using the latest closing price.
Singleton Philip Austin Jr., the CEO – of Onewater Marine Inc, purchase 4,633 shares at $26.92 during a trade that took place back on Aug 17 ’23, which means that Singleton Philip Austin Jr. is holding 577,805 shares at $124,720 based on the most recent closing price.
Stock Fundamentals for ONEW
Current profitability levels for the company are sitting at:
- -0.0 for the present operating margin
- 0.27 for the gross margin
The net margin for Onewater Marine Inc stands at -0.03. The total capital return value is set at -0.0. Equity return is now at value -14.60, with -3.25 for asset returns.
Based on Onewater Marine Inc (ONEW), the company’s capital structure generated 0.76 points at debt to capital in total, while cash flow to debt ratio is standing at -0.09. The debt to equity ratio resting at 3.23. The interest coverage ratio of the stock is -0.03.
Currently, EBITDA for the company is 188.65 million with net debt to EBITDA at 6.49. When we switch over and look at the enterprise to sales, we see a ratio of 0.72. The receivables turnover for the company is 40.38for trailing twelve months and the total asset turnover is 1.14. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.27.
Conclusion
In conclusion, Onewater Marine Inc (ONEW) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as 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.
