In the last trading session, 1,214,979 shares of the Smith & Wesson Brands, Inc. (NASDAQ:SWBI) were traded, and its beta was 0.91. Most recently the company’s share price was $17.97, and it changed around -$0.22 or -0.01% from the last close, which brings the market valuation of the company to $968.6 Million. SWBI currently trades at a discount to its 52-week high of $23.57, offering almost -31.16% off that amount. The share price’s 52-week low was $5.4, which indicates that the current value has risen by an impressive 69.95% since then. We note from Smith & Wesson Brands, Inc.’s average daily trading volume that its 10-day average is 1.53 Million shares, with the 3-month average coming to 2.39 Million.

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Smith & Wesson Brands, Inc. stock received a consensus recommendation rating of Overweight, based on a mean score of 2.5. If we narrow it down even further, the data shows that none out of 6 analysts rate the stock as a Sell; another but none rate it as Overweight. Among the rest, 3 recommended SWBI as a Hold, whereas 3 deemed it a Buy, and no one rated it as Underweight. Smith & Wesson Brands, Inc. is expected to report earnings per share of $1.01 for the current quarter.

Smith & Wesson Brands, Inc. (NASDAQ:SWBI): Trading Information

Although SWBI has showed a red trend with a performance of -1.21% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of $18.43 on Tuesday, Apr 06 increased the stock’s daily price by 2.51%. The company’s shares are currently up 0.01% year-to-date, but still up 0.0767 over the last five days. On the other hand, Smith & Wesson Brands, Inc. (NASDAQ:SWBI) is 0.12% up in the 30-day period. We can see from the shorts that 5.37 Million shares have been sold at a short interest cover period of 2.25 day (s).

The consensus price target as assigned by Wall Street analysts is $23.2, which translates to bears needing to increase their stock price by 29.1% from its current value. Analyst projections state that SWBI is forecast to be at a low of $17 and a high of $34. In order for the stock price to hit the forecast high, the stock would need to surge +89.2% from its current level, while the stock would need to crash -5.4% from its current level to reach the projected low.

Smith & Wesson Brands, Inc. (SWBI) projections and forecasts

Smith & Wesson Brands, Inc. share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen +8.68 percent over the past six months and at a 387.8% annual growth rate that is well above the industry average of 13.5%. Moreover, analysts have decided to roll up on their fiscal year 2021 revenue estimates. The rating firms predict that it will gain +77.2% in revenue this quarter, and will report a decline of -8.3% in the next quarter. The year-over-year growth rate is expected to be 46.5%, up from the previous year.

Consensus estimates provided by 6 financial analysts predict the company will bring in an average of $259.8 Million in revenue for the current quarter. 3 analysts expect Smith & Wesson Brands, Inc. to make $219.52 Million in revenue for the quarter ending July 01, 2021. The company’s sales for the same quarter a year ago was $233.64 Million. Analysts predict that the company’s current quarter sales will jump, forecast at 11.2%.

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -26.5%. Smith & Wesson Brands, Inc. earnings are expected to decrease by -435.3% in 2021, but the outlook is positive 15% per year for the next five years.

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SWBI Dividend Yield

Smith & Wesson Brands, Inc.’s next quarterly earnings report is expected to be released around June 16 – June 21, 2021. The annual dividend yield of the stock is 1.1 percent and its annual dividend per share was $0.2. It is important to note, however, that the 1.1% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.

Smith & Wesson Brands, Inc. (NASDAQ:SWBI)’s Biggest Investors

Upon looking at major shareholders, it appears that insiders hold 2.77% of Smith & Wesson Brands, Inc. shares, and 68.55% of them are in the hands of institutional investors. The stock currently has a share float of 70.5%. Smith & Wesson Brands, Inc. stock is held by 287 institutions, with Blackrock Inc. being the largest institutional investor. By Dec 30, 2020, it held 8.88% of the shares, which is about 4.73 Million shares worth $83.94 Million.

Renaissance Technologies, LLC, with 7.96% or 4.24 Million shares worth $75.23 Million as of Dec 30, 2020, holds the second largest percentage of outstanding shares.

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Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF were the top two Mutual Funds as of Dec 30, 2020. The former held 1478393 shares worth $26.24 Million, making up 2.78% of all outstanding shares. On the other hand, iShares Russell 2000 ETF held roughly 1.36 Million shares worth around $23.43 Million, which represents about 2.56% of the total shares outstanding.

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