Smith & Wesson Brands, Inc. (NASDAQ:SWBI) has a beta value of 0.86 and has seen 1,545,410 shares traded in the last trading session. The company, currently valued at $902.84 Million, closed the last trade at $16.15 per share which meant it lost -$0.06 on the day or -0.37% during that session. The SWBI stock price is -38.7% off its 52-week high price of $22.4 and 73.75% above the 52-week low of $4.24. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.05 Million shares traded. The 3-month trading volume is 2.83 Million shares.
The consensus among analysts is that Smith & Wesson Brands, Inc. (SWBI) is an Overweight stock at the moment, with a recommendation rating of 2.3. None of the analysts rate the stock as a Sell, while none rate it as Overweight. 2 out of 6 have rated it as a Hold, with 4 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is $0.66.
Smith & Wesson Brands, Inc. (NASDAQ:SWBI) trade information
Despite being -0.37% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Wednesday, Nov 18 when the SWBI stock price touched $16.59- or saw a rise of 2.65%. Year-to-date, Smith & Wesson Brands, Inc. shares have moved 126.24%, while the 5-day performance has seen it change 0.5%. Over the past 30 days, the shares of Smith & Wesson Brands, Inc. (NASDAQ:SWBI) have changed -5.89%. Short interest in the company has seen 6.55 Million shares shorted with days to cover at 2.31.
Wall Street analysts have a consensus price target for the stock at $22.6, which means that the shares’ value could jump 39.94% from current levels. The projected low price target is $17 while the price target rests at a high of $27. In that case, then, we find that the current price level is +67.18% off the targeted high while a plunge would see the stock lose 5.26% from current levels.
Smith & Wesson Brands, Inc. (SWBI) estimates and forecasts
Figures show that Smith & Wesson Brands, Inc. shares have outperformed across the wider relevant industry. The company’s shares have gained +99.12% over the past 6 months, with this year growth rate of 195.12%, compared to 6.4% for the industry. Other than that, the company has, however, increased its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are 633.3% and 253.8% for the next quarter. Revenue growth from the last financial year stood is estimated to be +24.6%.
5 analysts offering their estimates for the company have set an average revenue estimate of $222.79 Million for the current quarter. 5 have an estimated revenue figure of $188.15 Million for the next quarter concluding in January 01, 2021. Year-ago sales stood $154.39 Million for this quarter, and analysts expect sales will grow by 44.3% for the current quarter.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -26.5% over the past 5 years. Earnings growth for 2020 is a modest -435.3% while over the next 5 years, the company’s earnings are expected to increase by 15%.
Smith & Wesson Brands, Inc. is expected to release its next earnings report between December 03 and December 03 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.2 at a share yield of 1.23%.
Smith & Wesson Brands, Inc. (NASDAQ:SWBI)’s Major holders
Insiders own 2.66% of the company shares, while shares held by institutions stand at 67.51% with a share float percentage of 69.35%. Investors are also buoyed by the number of investors in a company, with Smith & Wesson Brands, Inc. having a total of 260 institutions that hold shares in the company. The top two institutional holders are Renaissance Technologies, LLC with over 5.13 Million shares worth more than $79.6 Million. As of September 29, 2020, Renaissance Technologies, LLC held 9.17% of shares outstanding.
The other major institutional holder is Dimensional Fund Advisors LP, with the holding of over 4.57 Million shares as of September 29, 2020. The firm’s total holdings are worth over $70.91 Million and represent 8.17% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and DFA U.S. Small Cap Value Series. As of June 29, 2020, the former fund manager holds about 2.67% shares in the company for having 1490049 shares of worth $32.07 Million while later fund manager owns 1.34 Million shares of worth $32.07 Million as of July 30, 2020, which makes it owner of about 2.4% of company’s outstanding stock.