The stock of Latham Group Inc (SWIM) has gone up by 46.77% for the week, with a -0.82% drop in the past month and a 47.97% rise in the past quarter. The volatility ratio for the week is 8.15%, and the volatility levels for the past 30 days are 6.06% for SWIM. The simple moving average for the past 20 days is 18.76% for SWIM’s stock, with a 23.64% simple moving average for the past 200 days.
Is It Worth Investing in Latham Group Inc (NASDAQ: SWIM) Right Now?
The price-to-earnings ratio for Latham Group Inc (NASDAQ: SWIM) is 98.38x, which is above its average ratio. Moreover, the 36-month beta value for SWIM is 1.68. Analysts have varying 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% of that float. On May 08, 2024, SWIM’s average trading volume was 252.60K shares.
SWIM) stock’s latest price update
The stock of Latham Group Inc (NASDAQ: SWIM) has increased by 21.74 when compared to last closing price of 2.99. Despite this, the company has experienced a 46.77% gain 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 11.39% 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 -23.69% of loss for the given period.
Volatility was left at 6.06%, however, over the last 30 days, the volatility rate increased by 8.15%, as shares surge +10.00% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +31.23% upper at present.
During the last 5 trading sessions, SWIM rose by +50.81%, which changed the moving average for the period of 200-days by -6.50% in comparison to the 20-day moving average, which settled at $3.08. In addition, Latham Group Inc saw 38.40% in overturn over a single year, with a tendency to cut further gains.
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:
- 0.04 for the present operating margin
- 0.27 for the gross margin
The net margin for Latham Group Inc stands at 0.01. The total capital return value is set at 0.03. Equity return is now at value 1.07, with 0.47 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 0.31. The debt to equity ratio resting at 0.8. The interest coverage ratio of the stock is 0.89.
Currently, EBITDA for the company is 61.52 million with net debt to EBITDA at 4.77. When we switch over and look at the enterprise to sales, we see a ratio of 1.28. The receivables turnover for the company is 7.29for trailing twelve months and the total asset turnover is 0.67. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.12.
Conclusion
To wrap up, the performance of Latham Group Inc (SWIM) has been better in recent times. The stock has received a mixed of “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.
