Onewater Marine Inc (NASDAQ: ONEW)’s stock price has dropped by -10.42 in relation to previous closing price of 23.70. Nevertheless, the company has seen a loss of -16.61% in its stock price over the last five trading days. zacks.com reported 2024-11-14 that While the top- and bottom-line numbers for OneWater Marine (ONEW) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Is It Worth Investing in Onewater Marine Inc (NASDAQ: ONEW) Right Now?
Company’s 36-month beta value is 2.58.Analysts have differing opinions on the stock, with 5 analysts rating it as a “buy,” 3 as “overweight,” 3 as “hold,” and 0 as “sell.”
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The public float for ONEW is 10.66M, and currently, short sellers hold a 10.47% ratio of that floaft. The average trading volume of ONEW on November 15, 2024 was 72.89K shares.
ONEW’s Market Performance
ONEW’s stock has seen a -16.61% decrease for the week, with a -8.88% drop in the past month and a -12.71% fall in the past quarter. The volatility ratio for the week is 6.34%, and the volatility levels for the past 30 days are at 4.87% for Onewater Marine Inc The simple moving average for the past 20 days is -7.38% for ONEW’s stock, with a -14.47% simple moving average for the past 200 days.
Analysts’ Opinion of ONEW
KeyBanc Capital Markets gave a rating of “Overweight” to ONEW, setting the target price at $33 in the report published on April 19th of the previous year.
ONEW Trading at -6.53% from the 50-Day Moving Average
After a stumble in the market that brought ONEW to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -40.80% of loss for the given period.
Volatility was left at 4.87%, however, over the last 30 days, the volatility rate increased by 6.34%, as shares sank -7.58% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.10% lower at present.
During the last 5 trading sessions, ONEW fell by -16.61%, which changed the moving average for the period of 200-days by -15.85% in comparison to the 20-day moving average, which settled at $22.92. In addition, Onewater Marine Inc saw -37.17% 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 ONEW starting from AISQUITH ANTHONY M, who purchase 5,000 shares at the price of $21.75 back on Sep 06 ’24. After this action, AISQUITH ANTHONY M now owns 724,316 shares of Onewater Marine Inc, valued at $108,750 using the latest closing price.
AISQUITH ANTHONY M, the Chief Operating Officer of Onewater Marine Inc, purchase 5,000 shares at $21.25 during a trade that took place back on Sep 10 ’24, which means that AISQUITH ANTHONY M is holding 729,316 shares at $106,250 based on the most recent closing price.
Stock Fundamentals for ONEW
Current profitability levels for the company are sitting at:
- -0.02 for the present operating margin
- 0.25 for the gross margin
The net margin for Onewater Marine Inc stands at -0.05. The total capital return value is set at -0.04. Equity return is now at value -23.26, with -5.60 for asset returns.
Based on Onewater Marine Inc (ONEW), the company’s capital structure generated 0.72 points at debt to capital in total, while cash flow to debt ratio is standing at 0.01. The debt to equity ratio resting at 2.52. The interest coverage ratio of the stock is -0.6.
Currently, EBITDA for the company is 43.9 million with net debt to EBITDA at -54.12. When we switch over and look at the enterprise to sales, we see a ratio of 0.72. The receivables turnover for the company is 18.53for trailing twelve months and the total asset turnover is 1.13. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.29.
Conclusion
In a nutshell, Onewater Marine Inc (ONEW) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
