Is Leslies Inc (NASDAQ:LESL), -208.65% Away From High, Poised For A Strong Comeback?

In last trading session, Leslies Inc (NASDAQ:LESL) saw 3.64 million shares changing hands with its beta currently measuring 1.17. Company’s recent per share price level of $2.66 trading at $0.03 or 1.14% at ring of the bell on the day assigns it a market valuation of $491.86M. That closing price of LESL’s stock is at a discount of -208.65% from its 52-week high price of $8.21 and is indicating a premium of 9.02% from its 52-week low price of $2.42. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 4.31 million shares which gives us an average trading volume of 5.32 million if we extend that period to 3-months.

For Leslies Inc (LESL), analysts’ consensus is at an average recommendation of Hold while assigning it a mean rating of 2.83. Splitting up the data highlights that, out of 4 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 4 suggested the stock as a Hold whereas 0 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.11 in the current quarter.

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Leslies Inc (NASDAQ:LESL) trade information

Upright in the green during last session for gaining 1.14%, in the last five days LESL remained trading in the green while hitting it’s week-highest on Tuesday, 10/15/24 when the stock touched $2.66 price level, adding 3.97% to its value on the day. Leslies Inc’s shares saw a change of -61.51% in year-to-date performance and have moved 0.38% in past 5-day. Leslies Inc (NASDAQ:LESL) showed a performance of -11.63% in past 30-days. Number of shares sold short was 22.2 million shares which calculate 4.19 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 4 to the stock, which implies a rise of 33.5% to its current value. Analysts have been projecting 3 as a low price target for the stock while placing it at a high target of 36. It follows that stock’s current price would drop -12.78% in reaching the projected high whereas dropping to the targeted low would mean a loss of -12.78% for stock’s current value.

Leslies Inc (LESL) estimates and forecasts

Statistics highlight that Leslies Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -40.22% of value to its shares in past 6 months, showing an annual growth rate of -71.43% while that of industry is 1.70. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -7.90% from the last financial year’s standing.

11 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 404.09M for the same. And 9 analysts are in estimates of company making revenue of 178.41M in the next quarter. Company posted 432.37M and 169.61M of sales in current and next quarters respectively a year earlier.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 9.95% during past 5 years. In 2024, company’s earnings growth rate is likely to be around -71.25% while estimates for its earnings growth in next 5 years are of 8.74%.

Leslies Inc (NASDAQ:LESL)’s Major holders

Insiders are in possession of 4.97% of company’s total shares while institution are holding 119.52 percent of that, with stock having share float percentage of 125.77%. Investors also watch the number of corporate investors in a company very closely, which is 119.52% institutions for Leslies Inc that are currently holding shares of the company. ARIEL INVESTMENTS, LLC is the top institutional holder at LESL for having 36.6 million shares of worth $153.36 million. And as of 2024-06-30, it was holding 19.8247 of the company’s outstanding shares.

The second largest institutional holder is BLACKROCK INC., which was holding about 28.53 million shares on 2024-06-30. The number of shares represents firm’s hold over 15.4529 of outstanding shares, having a total worth of $119.54 million.