Hayward Holdings Inc (HAYW) Stock: Evaluating the Market Performance

The price-to-earnings ratio for Hayward Holdings Inc (NYSE: HAYW) is 37.25x, which is above its average ratio. Moreover, the 36-month beta value for HAYW is 1.21. Analysts have varying opinions on the stock, with 1 analysts rating it as a “buy,” 2 as “overweight,” 5 as “hold,” and 1 as “sell.”

The public float for HAYW is 213.29M and currently, short sellers hold a 6.40% of that float. On October 23, 2024, HAYW’s average trading volume was 1.67M shares.

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HAYW) stock’s latest price update

The stock price of Hayward Holdings Inc (NYSE: HAYW) has dropped by -0.72 compared to previous close of 15.32. Despite this, the company has seen a gain of 0.53% in its stock price over the last five trading days. businesswire.com reported 2024-10-10 that CHARLOTTE, N.C.–(BUSINESS WIRE)–Hayward Holdings, Inc. (NYSE: HAYW) (“Hayward” or the “Company”), a global designer, manufacturer, and marketer of a broad portfolio of pool and outdoor living technology, announced today it will report its third quarter 2024 earnings results on Tuesday, October 29, 2024. Following the earnings release, the company will hold a conference call to discuss the results at 9:00 a.m. Eastern Time that day. Interested investors and other parties can listen to a webcas.

HAYW’s Market Performance

Hayward Holdings Inc (HAYW) has seen a 0.53% rise in stock performance for the week, with a 3.19% gain in the past month and a 23.86% surge in the past quarter. The volatility ratio for the week is 2.42%, and the volatility levels for the past 30 days are at 2.38% for HAYW. The simple moving average for the last 20 days is 1.29% for HAYW’s stock, with a simple moving average of 9.95% for the last 200 days.

Analysts’ Opinion of HAYW

Many brokerage firms have already submitted their reports for HAYW stocks, with Jefferies repeating the rating for HAYW by listing it as a “Hold.” The predicted price for HAYW in the upcoming period, according to Jefferies is $14 based on the research report published on January 11, 2024 of the current year 2024.

Stifel, on the other hand, stated in their research note that they expect to see HAYW reach a price target of $13.50, previously predicting the price at $13. The rating they have provided for HAYW stocks is “Hold” according to the report published on December 20th, 2023.

Stifel gave a rating of “Buy” to HAYW, setting the target price at $16.50 in the report published on August 03rd of the previous year.

HAYW Trading at 4.07% from the 50-Day Moving Average

After a stumble in the market that brought HAYW to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -5.17% of loss for the given period.

Volatility was left at 2.38%, however, over the last 30 days, the volatility rate increased by 2.42%, as shares surge +2.63% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.35% upper at present.

During the last 5 trading sessions, HAYW rose by +0.53%, which changed the moving average for the period of 200-days by +19.48% in comparison to the 20-day moving average, which settled at $15.02. In addition, Hayward Holdings Inc saw 11.84% 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 HAYW starting from HOLLERAN KEVIN, who sale 42,857 shares at the price of $14.29 back on Sep 03 ’24. After this action, HOLLERAN KEVIN now owns 522,799 shares of Hayward Holdings Inc, valued at $612,521 using the latest closing price.

Emory Billy, the Officer of Hayward Holdings Inc, proposed sale 4,890 shares at $13.97 during a trade that took place back on Aug 14 ’24, which means that Emory Billy is holding shares at $68,289 based on the most recent closing price.

Stock Fundamentals for HAYW

Current profitability levels for the company are sitting at:

  • 0.19 for the present operating margin
  • 0.47 for the gross margin

The net margin for Hayward Holdings Inc stands at 0.09. The total capital return value is set at 0.07. Equity return is now at value 6.87, with 3.14 for asset returns.

Based on Hayward Holdings Inc (HAYW), the company’s capital structure generated 0.42 points at debt to capital in total, while cash flow to debt ratio is standing at 0.23. The debt to equity ratio resting at 0.73. The interest coverage ratio of the stock is 2.56.

Currently, EBITDA for the company is 241.5 million with net debt to EBITDA at 3.42. When we switch over and look at the enterprise to sales, we see a ratio of 4.12. The receivables turnover for the company is 6.72for trailing twelve months and the total asset turnover is 0.35. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.59.

Conclusion

To wrap up, the performance of Hayward Holdings Inc (HAYW) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

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