Marinemax, Inc. (NYSE: HZO) has a price-to-earnings ratio that is above its average at 13.46x. The stock has a 36-month beta value of 1.84. Opinions on the stock are mixed, with 5 analysts rating it as a “buy,” 4 as “overweight,” 2 as “hold,” and 0 as “sell.”
The public float for HZO is 19.65M, and at present, short sellers hold a 10.66% of that float. On July 26, 2024, the average trading volume of HZO was 345.42K shares.
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HZO) stock’s latest price update
The stock of Marinemax, Inc. (NYSE: HZO) has increased by 17.18 when compared to last closing price of 31.66.Despite this, the company has seen a gain of 5.37% in its stock price over the last five trading days. seekingalpha.com reported 2024-07-25 that MarineMax, Inc. (NYSE:HZO ) Q3 2024 Earnings Conference Call July 25, 2024 10:00 AM ET Company Participants Scott Solomon – Investor Relations, Sharon Merrill Advisors Brett McGill – President and CEO Mike McLamb – Chief Financial Officer Conference Call Participants Michael Swartz – Truist Securities Sean Wagner – Citigroup Drew Crum – Stifel Joe Altobello – Raymond James Eric Wold – B. Riley Securities Brandon Rollé – D.A.
HZO’s Market Performance
Marinemax, Inc. (HZO) has seen a 5.37% rise in stock performance for the week, with a 13.04% gain in the past month and a 36.50% surge in the past quarter. The volatility ratio for the week is 6.44%, and the volatility levels for the past 30 days are at 4.48% for HZO. The simple moving average for the last 20 days is 12.02% for HZO’s stock, with a simple moving average of 19.09% for the last 200 days.
Analysts’ Opinion of HZO
Many brokerage firms have already submitted their reports for HZO stocks, with B. Riley Securities repeating the rating for HZO by listing it as a “Buy.” The predicted price for HZO in the upcoming period, according to B. Riley Securities is $43 based on the research report published on October 23, 2023 of the previous year 2023.
B. Riley Securities, on the other hand, stated in their research note that they expect to see HZO reach a price target of $43, previously predicting the price at $48. The rating they have provided for HZO stocks is “Neutral” according to the report published on July 28th, 2023.
HZO Trading at 16.78% from the 50-Day Moving Average
After a stumble in the market that brought HZO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -13.48% of loss for the given period.
Volatility was left at 4.48%, however, over the last 30 days, the volatility rate increased by 6.44%, as shares surge +13.14% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +35.01% upper at present.
During the last 5 trading sessions, HZO rose by +5.37%, which changed the moving average for the period of 200-days by +17.70% in comparison to the 20-day moving average, which settled at $33.33. In addition, Marinemax, Inc. saw -4.63% 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 HZO starting from Moore Clint, who sale 4,000 shares at the price of $31.12 back on Mar 11 ’24. After this action, Moore Clint now owns 20,544 shares of Marinemax, Inc., valued at $124,480 using the latest closing price.
Cassella Anthony E. Jr., the EVP of Finance & CAO of Marinemax, Inc., sale 5,000 shares at $32.15 during a trade that took place back on Feb 15 ’24, which means that Cassella Anthony E. Jr. is holding 9,421 shares at $160,750 based on the most recent closing price.
Stock Fundamentals for HZO
Current profitability levels for the company are sitting at:
- 0.06 for the present operating margin
- 0.33 for the gross margin
The net margin for Marinemax, Inc. stands at 0.02. The total capital return value is set at 0.09. Equity return is now at value 6.97, with 2.51 for asset returns.
Based on Marinemax, Inc. (HZO), the company’s capital structure generated 0.55 points at debt to capital in total, while cash flow to debt ratio is standing at -0.11. The debt to equity ratio resting at 1.24. The interest coverage ratio of the stock is 1.9.
Currently, EBITDA for the company is 200.8 million with net debt to EBITDA at 6.04. When we switch over and look at the enterprise to sales, we see a ratio of 0.73. The receivables turnover for the company is 23.39for trailing twelve months and the total asset turnover is 0.95. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.24.
Conclusion
To sum up, Marinemax, Inc. (HZO) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others 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.
