Sportsman’s Warehouse Holdings Inc (NASDAQ: SPWH): Decline Of -464.78% Looks Weak With A Stock Forecast 2024

In today’s recent session, 0.42 million shares of the Sportsman’s Warehouse Holdings Inc (NASDAQ:SPWH) have been traded, and its beta is 0.64. Most recently the company’s share price was $3.01, and it changed around -$0.05 or -1.59% from the last close, which brings the market valuation of the company to $113.98M. SPWH at last check was trading at a discount to its 52-week high of $5.55, offering almost -84.39% off that amount. The share price’s 52-week low was $1.81, which indicates that the recent value has risen by an impressive 39.87% since then. We note from Sportsman’s Warehouse Holdings Inc’s average daily trading volume that its 10-day average is 0.34 million shares, with the 3-month average coming to 391.32K.

Sportsman’s Warehouse Holdings Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.67. If we narrow it down even further, the data shows that 0 out of 9 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 4 recommended SPWH as a Hold, whereas 2 deemed it a Buy, and 0 rated it as Underweight. Sportsman’s Warehouse Holdings Inc is expected to report earnings per share of -0.02 for the current quarter.

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Sportsman’s Warehouse Holdings Inc (NASDAQ:SPWH) trade information

Instantly SPWH has been showing red trend so far today with a performance of -1.59% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 3.07 on recent trading dayincreased the stock’s daily price by 1.95%. The company’s shares are currently down -29.31% year-to-date, but still up 22.91% over the last five days. On the other hand, Sportsman’s Warehouse Holdings Inc (NASDAQ:SPWH) is 26.53% up in the 30-day period. We can see from the shorts that 1.14 million shares have been sold at a short interest cover period of 2.38 day(s).

The consensus price target as assigned by Wall Street analysts is $4, which translates to bulls needing to increase their stock price by 24.75% from its current value. Analyst projections state that SPWH is forecast to be at a low of $2 and a high of $17.

Sportsman’s Warehouse Holdings Inc (SPWH) estimates and forecasts

Sportsman’s Warehouse Holdings Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -12.21 percent over the past six months and at a -15.63% annual growth rate that is well below the industry average of 12.10%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -100.00% in revenue this quarter, and will report an increase of 85.00% in the next quarter. The year-over-year growth rate is expected to be -11.00%, down from the previous year.

Consensus estimates provided by 5 financial analysts predict the company will bring in an average of 300.47M in revenue for the current quarter. 5 analysts expect Sportsman’s Warehouse Holdings Inc to make 313.22M in revenue for the current ending quarter. Forecasts for the next quarter put sales growth at -15.40%.

Sportsman’s Warehouse Holdings Inc earnings are expected to increase by -4.17% in 2024, but the outlook is positive 20.72% per year for the next five years.

SPWH Dividends

Sportsman’s Warehouse Holdings Inc’s next quarterly earnings report is expected to be released on 2024-Dec-04.

Sportsman’s Warehouse Holdings Inc (NASDAQ:SPWH)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 5.69% of Sportsman’s Warehouse Holdings Inc shares, and 85.84% of them are in the hands of institutional investors. The stock currently has a share float of 91.02%. Sportsman’s Warehouse Holdings Inc stock is held by 125.0 institutions, with FMR LLC being the largest institutional investor. By 2024-06-30, it held 14.0199% of the shares, which is about 5.27 million shares worth $12.69 million.

CANNELL CAPITAL LLC, with 9.0148% or 3.39 million shares worth $8.16 million as of 2024-06-30, holds the second largest percentage of outstanding shares.