Latham Group Inc (NASDAQ: SWIM)’s stock price has dropped by -2.34 in relation to previous closing price of 5.55. Nevertheless, the company has seen a loss of -6.71% in its stock price over the last five trading days. globenewswire.com reported 2024-11-11 that Measure by Latham firmware update takes builders from poolside to production in minutes Measure by Latham firmware update takes builders from poolside to production in minutes
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 56.52x compared to its average ratio, The 36-month beta value for SWIM is at 1.78. 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 36.84M, and currently, shorts hold a 4.62% of that float. The average trading volume for SWIM on November 14, 2024 was 572.05K shares.
SWIM’s Market Performance
SWIM stock saw a decrease of -6.71% in the past week, with a monthly decline of -22.68% and a quarterly a decrease of -8.60%. The volatility ratio for the week is 6.21%, and the volatility levels for the last 30 days are 5.07% for Latham Group Inc (SWIM). The simple moving average for the last 20 days is -15.17% for SWIM’s stock, with a simple moving average of 25.38% 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 -16.09% 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 -26.06% of loss for the given period.
Volatility was left at 5.07%, however, over the last 30 days, the volatility rate increased by 6.21%, as shares sank -23.88% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.24% lower at present.
During the last 5 trading sessions, SWIM fell by -6.71%, which changed the moving average for the period of 200-days by +105.30% in comparison to the 20-day moving average, which settled at $6.39. In addition, Latham Group Inc saw 106.08% 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 9,000 shares at the price of $5.73 back on Nov 11 ’24. After this action, Gloe Oliver C. now owns 291,706 shares of Latham Group Inc, valued at $51,570 using the latest closing price.
Bahl Sanjeev, the Officer of Latham Group Inc, proposed sale 11,750 shares at $5.90 during a trade that took place back on Nov 11 ’24, which means that Bahl Sanjeev is holding shares at $69,378 based on the most recent closing price.
Stock Fundamentals for SWIM
Current profitability levels for the company are sitting at:
- 0.05 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 0.03. Equity return is now at value 2.82, with 1.33 for asset returns.
Based on Latham Group Inc (SWIM), the company’s capital structure generated 0.41 points at debt to capital in total, while cash flow to debt ratio is standing at 0.29. The debt to equity ratio resting at 0.7. The interest coverage ratio of the stock is 0.84.
Currently, EBITDA for the company is 56.88 million with net debt to EBITDA at 3.64. When we switch over and look at the enterprise to sales, we see a ratio of 1.72. The receivables turnover for the company is 7.74for trailing twelve months and the total asset turnover is 0.6. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.44.
Conclusion
In conclusion, Latham Group Inc (SWIM) has had a mixed performance lately. Opinion on the stock among analysts is bearish, with some giving it a “sell” rating and others a “hold”. 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.
