Spectrum Brands Holdings Inc. (NYSE: SPB)’s stock price has surge by 10.07relation to previous closing price of 84.52. Nevertheless, the company has seen a 11.72% surge in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-06 that Get a deeper insight into the potential performance of Spectrum (SPB) for the quarter ended March 2024 by going beyond Wall Street’s top -and-bottom-line estimates and examining the estimates for some of its key metrics.
Is It Worth Investing in Spectrum Brands Holdings Inc. (NYSE: SPB) Right Now?
Spectrum Brands Holdings Inc. (NYSE: SPB) has a price-to-earnings ratio of 2.03x that is above its average ratio. Additionally, the 36-month beta value for SPB is 1.16. There are mixed opinions on the stock, with 6 analysts rating it as a “buy,” 4 rating it as “overweight,” 2 rating it as “hold,” and 0 rating it as “sell.”
The public float for SPB is 29.29M and currently, short sellers hold a 6.83% ratio of that float. The average trading volume of SPB on May 09, 2024 was 339.42K shares.
SPB’s Market Performance
SPB’s stock has seen a 11.72% increase for the week, with a 14.22% rise in the past month and a 8.05% gain in the past quarter. The volatility ratio for the week is 1.91%, and the volatility levels for the past 30 days are at 1.96% for Spectrum Brands Holdings Inc. The simple moving average for the past 20 days is 14.14% for SPB’s stock, with a 17.50% simple moving average for the past 200 days.
Analysts’ Opinion of SPB
Many brokerage firms have already submitted their reports for SPB stocks, with Monness Crespi & Hardt repeating the rating for SPB by listing it as a “Buy.” The predicted price for SPB in the upcoming period, according to Monness Crespi & Hardt is $98 based on the research report published on February 09, 2024 of the current year 2024.
Canaccord Genuity, on the other hand, stated in their research note that they expect to see SPB reach a price target of $86, previously predicting the price at $83. The rating they have provided for SPB stocks is “Hold” according to the report published on February 09th, 2024.
Wells Fargo gave a rating of “Equal Weight” to SPB, setting the target price at $73 in the report published on November 20th of the previous year.
SPB Trading at 11.91% from the 50-Day Moving Average
After a stumble in the market that brought SPB to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 3.78% of gains for the given period.
Volatility was left at 1.96%, however, over the last 30 days, the volatility rate increased by 1.91%, as shares surge +15.75% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +15.85% upper at present.
During the last 5 trading sessions, SPB rose by +12.23%, which changed the moving average for the period of 200-days by +20.40% in comparison to the 20-day moving average, which settled at $82.14. In addition, Spectrum Brands Holdings Inc. saw 16.62% 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 SPB starting from Maura David M, who purchase 20,000 shares at the price of $67.03 back on Nov 28 ’23. After this action, Maura David M now owns 764,391 shares of Spectrum Brands Holdings Inc., valued at $1,340,600 using the latest closing price.
Maura David M, the Executive Chairman and CEO of Spectrum Brands Holdings Inc., purchase 20,000 shares at $66.41 during a trade that took place back on Nov 27 ’23, which means that Maura David M is holding 744,391 shares at $1,328,100 based on the most recent closing price.
Stock Fundamentals for SPB
Current profitability levels for the company are sitting at:
- -0.03 for the present operating margin
- 0.33 for the gross margin
The net margin for Spectrum Brands Holdings Inc. stands at 0.63. The total capital return value is set at -0.02. Equity return is now at value -9.97, with -3.32 for asset returns.
Based on Spectrum Brands Holdings Inc. (SPB), the company’s capital structure generated 0.4 points at debt to capital in total, while cash flow to debt ratio is standing at -0.24. The debt to equity ratio resting at 0.65. The interest coverage ratio of the stock is -0.83.
Currently, EBITDA for the company is 59.2 million with net debt to EBITDA at 4.89. When we switch over and look at the enterprise to sales, we see a ratio of 1.24. The receivables turnover for the company is 4.05for trailing twelve months and the total asset turnover is 0.61. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.36.
Conclusion
In conclusion, Spectrum Brands Holdings Inc. (SPB) has seen better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
