The stock of Latham Group Inc (SWIM) has gone down by -21.27% for the week, with a -31.68% drop in the past month and a -1.98% drop in the past quarter. The volatility ratio for the week is 6.55%, and the volatility levels for the past 30 days are 5.92% for SWIM. The simple moving average for the last 20 days is -24.61% for SWIM stock, with a simple moving average of -16.77% for the last 200 days.
Is It Worth Investing in Latham Group Inc (NASDAQ: SWIM) Right Now?
Company’s 36-month beta value is 1.67.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for SWIM is 36.75M, and currently, short sellers hold a 3.77% ratio of that floaft. The average trading volume of SWIM on May 02, 2024 was 225.99K shares.
SWIM) stock’s latest price update
Latham Group Inc (NASDAQ: SWIM)’s stock price has plunge by -11.43relation to previous closing price of 2.80. Nevertheless, the company has seen a -21.27% plunge in its stock price over the last five trading sessions. GlobeNewsWire reported 2024-04-10 that LATHAM, N.Y., April 10, 2024 (GLOBE NEWSWIRE) — Latham Group, Inc. (“Latham” or “the Company”), the largest designer, manufacturer, and marketer of in-ground residential swimming pools in North America, Australia, and New Zealand, today announced that it will release financial results for the first quarter 2024 on Tuesday, May 7, 2024, after the close of the U.S. market. The Company will hold a conference call to discuss the results that same day at 4:30 PM Eastern Time.
Analysts’ Opinion of SWIM
Many brokerage firms have already submitted their reports for SWIM stocks, with Stifel repeating the rating for SWIM by listing it as a “Buy.” The predicted price for SWIM in the upcoming period, according to Stifel is $4 based on the research report published on March 18, 2024 of the current year 2024.
BofA Securities, on the other hand, stated in their research note that they expect to see SWIM reach a price target of $2.60, previously predicting the price at $4.50. The rating they have provided for SWIM stocks is “Underperform” according to the report published on March 13th, 2024.
Barclays gave a rating of “Equal Weight” to SWIM, setting the target price at $5 in the report published on December 14th of the previous year.
SWIM Trading at -23.86% 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 -48.01% of loss for the given period.
Volatility was left at 5.92%, however, over the last 30 days, the volatility rate increased by 6.55%, as shares sank -31.49% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.06% lower at present.
During the last 5 trading sessions, SWIM fell by -21.27%, which changed the moving average for the period of 200-days by -41.37% in comparison to the 20-day moving average, which settled at $3.23. In addition, Latham Group Inc saw -5.70% 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 Gloe Oliver C., who purchase 27,500 shares at the price of $2.92 back on Mar 15 ’24. After this action, Gloe Oliver C. now owns 292,922 shares of Latham Group Inc, valued at $80,300 using the latest closing price.
Rajeski Scott Michael, the CHIEF EXECUTIVE OFFICER of Latham Group Inc, sale 24,913 shares at $3.05 during a trade that took place back on Mar 04 ’24, which means that Rajeski Scott Michael is holding 266,143 shares at $75,985 based on the most recent closing price.
Stock Fundamentals for SWIM
Current profitability levels for the company are sitting at:
- 0.03 for the present operating margin
- 0.26 for the gross margin
The net margin for Latham Group Inc stands at -0.0. The total capital return value is set at 0.02. Equity return is now at value -0.61, with -0.28 for asset returns.
Based on Latham Group Inc (SWIM), the company’s capital structure generated 0.44 points at debt to capital in total, while cash flow to debt ratio is standing at 0.38. The debt to equity ratio resting at 0.77. The interest coverage ratio of the stock is 0.58.
Currently, EBITDA for the company is 61.52 million with net debt to EBITDA at 3.83. When we switch over and look at the enterprise to sales, we see a ratio of 0.92. The receivables turnover for the company is 18.05for trailing twelve months and the total asset turnover is 0.68. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.77.
Conclusion
In a nutshell, Latham Group Inc (SWIM) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
