In today’s recent session, 5.92 million shares of the Latham Group Inc (NASDAQ:SWIM) have been traded, and its beta is 1.77. Most recently the company’s share price was $4.20, and it changed around $1.09 or 35.05% from the last close, which brings the market valuation of the company to $485.39M. SWIM at last check was trading at a discount to its 52-week high of $4.77, offering almost -13.57% off that amount. The share price’s 52-week low was $2.04, which indicates that the recent value has risen by an impressive 51.43% since then. We note from Latham Group Inc’s average daily trading volume that its 10-day average is 0.59 million shares, with the 3-month average coming to 281.18K.
Latham Group Inc (NASDAQ:SWIM) trade information
Instantly SWIM has been showing a green trend so far today with a performance of 35.05% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 4.87 on recent trading dayincreased the stock’s daily price by 13.76%. The company’s shares are currently up 59.70% year-to-date, but still up 15.38% over the last five days. On the other hand, Latham Group Inc (NASDAQ:SWIM) is 57.30% up in the 30-day period. We can see from the shorts that 1.23 million shares have been sold at a short interest cover period of 4.94 day(s).
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The consensus price target as assigned by Wall Street analysts is $5.5, which translates to bulls needing to increase their stock price by 23.64% from its current value. Analyst projections state that SWIM is forecast to be at a low of $4 and a high of $30.
Latham Group Inc (SWIM) estimates and forecasts
Latham Group 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 72.84 percent over the past six months and at a 100.00% annual growth rate that is well above the industry average of 7.60%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -45.50% in revenue this quarter, and will report a decrease of -240.00% in the next quarter. The year-over-year growth rate is expected to be -10.00%, down from the previous year.
Consensus estimates provided by 7 financial analysts predict the company will bring in an average of 152.15M in revenue for the current quarter. 7 analysts expect Latham Group Inc to make 89.73M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 160.78M and 90.87M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -5.40%. Forecasts for the next quarter put sales growth at -1.30%.
Latham Group Inc earnings are expected to increase by -100.97% in 2024, but the outlook is negative -5.70% per year for the next five years.
SWIM Dividends
Latham Group Inc’s next quarterly earnings report is expected to be released on 2024-Nov-05.
Latham Group Inc (NASDAQ:SWIM)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 9.27% of Latham Group Inc shares, and 84.75% of them are in the hands of institutional investors. The stock currently has a share float of 93.40%. Latham Group Inc stock is held by 153.0 institutions, with VOSS CAPITAL, LLC being the largest institutional investor. By 2024-03-31, it held 3.0995% of the shares, which is about 3.5 million shares worth $13.86 million.
VICTORY CAPITAL MANAGEMENT INC, with 2.5435% or 2.87 million shares worth $11.37 million as of 2024-03-31, holds the second largest percentage of outstanding shares.
