The stock of Latham Group Inc (NASDAQ: SWIM) has increased by 2.23 when compared to last closing price of 7.12. Despite this, the company has experienced a 6.42% gain in its stock price over the last five trading sessions. globenewswire.com reported 2024-10-09 that LATHAM, N.Y., Oct. 09, 2024 (GLOBE NEWSWIRE) — Latham Group, Inc., (NASDAQ:SWIM), the largest designer, manufacturer, and marketer of in-ground residential pools in North America, Australia, and New Zealand, today announced the appointment of seasoned financial executive Frank J. Dellaquila as a new independent member of its Board of Directors and Chair of the Company’s Audit Committee, effective immediately. Mr. Dellaquila is replacing Robert D. Evans who resigned from the Board.
Is It Worth Investing in Latham Group Inc (NASDAQ: SWIM) Right Now?
Latham Group Inc (NASDAQ: SWIM) has a higher price-to-earnings ratio of 73.01x compared to its average ratio, The 36-month beta value for SWIM is at 1.88. Analysts have varying views on the stock, with 1 analysts rating it as a “buy,” 4 rating it as “overweight,” 1 as “hold,” and 2 as “sell.”
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The public float for SWIM is 36.82M, and currently, shorts hold a 3.17% of that float. The average trading volume for SWIM on October 17, 2024 was 749.33K shares.
SWIM’s Market Performance
SWIM’s stock has seen a 6.42% increase for the week, with a 13.03% rise in the past month and a 134.81% gain in the past quarter. The volatility ratio for the week is 3.92%, and the volatility levels for the past 30 days are at 4.52% for Latham Group Inc The simple moving average for the last 20 days is 7.93% for SWIM stock, with a simple moving average of 84.03% for the last 200 days.
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 15.84% 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 able to rebound, for now settling with 1.81% of gains for the given period.
Volatility was left at 4.52%, however, over the last 30 days, the volatility rate increased by 3.92%, as shares surge +14.15% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +65.00% upper at present.
During the last 5 trading sessions, SWIM rose by +6.14%, which changed the moving average for the period of 200-days by +190.40% in comparison to the 20-day moving average, which settled at $6.74. In addition, Latham Group Inc saw 176.77% 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 Rajeski Scott Michael, who sale 25,851 shares at the price of $6.54 back on Aug 26 ’24. After this action, Rajeski Scott Michael now owns 490,829 shares of Latham Group Inc, valued at $169,066 using the latest closing price.
Rajeski Scott Michael, the Officer of Latham Group Inc, proposed sale 35,851 shares at $6.58 during a trade that took place back on Aug 26 ’24, which means that Rajeski Scott Michael is holding shares at $236,032 based on the most recent closing price.
Stock Fundamentals for SWIM
Current profitability levels for the company are sitting at:
- 0.06 for the present operating margin
- 0.26 for the gross margin
The net margin for Latham Group Inc stands at 0.02. The total capital return value is set at 0.04. Equity return is now at value 2.94, with 1.37 for asset returns.
Based on Latham Group Inc (SWIM), the company’s capital structure generated 0.42 points at debt to capital in total, while cash flow to debt ratio is standing at 0.34. The debt to equity ratio resting at 0.71. The interest coverage ratio of the stock is 1.12.
Currently, EBITDA for the company is 61.52 million with net debt to EBITDA at 3.07. When we switch over and look at the enterprise to sales, we see a ratio of 2.03. The receivables turnover for the company is 7.74for trailing twelve months and the total asset turnover is 0.63. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.22.
Conclusion
In conclusion, Latham Group Inc (SWIM) has had a better performance lately. Opinion on the stock among analysts is bearish, with some giving it a “sell” rating and others 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.
