Latham Group Inc (NASDAQ:SWIM)’s traded shares stood at 0.32 million during the last session, with the company’s beta value hitting 1.84. At the close of trading, the stock’s price was $6.48, to imply an increase of 0.93% or $0.06 in intraday trading. The SWIM share’s 52-week high remains $7.33, putting it -13.12% down since that peak but still an impressive 67.44% since price per share fell to its 52-week low of $2.11. The company has a valuation of $749.25M, with an average of 0.6 million shares in intraday trading volume over the past 10 days and average of 578.57K shares over the past 3 months.
Analysts have given a consensus recommendation of Hold for Latham Group Inc (SWIM), translating to a mean rating of 2.43. Of 2 analyst(s) looking at the stock, 0 analyst(s) give SWIM a Sell rating. 0 of those analysts rate the stock as Overweight while 2 advise Hold as 0 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.1.
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Latham Group Inc (NASDAQ:SWIM) trade information
After registering a 0.93% upside in the last session, Latham Group Inc (SWIM) has traded red over the past five days. The 5-day price performance for the stock is -2.26%, and 11.53% over 30 days. With these gigs, the year-to-date price performance is 146.39%. Short interest in Latham Group Inc (NASDAQ:SWIM) saw shorts transact 2.08 million shares and set a 3.01 days time to cover.
The extremes give us $6 and $7 for target low and target high price respectively. As such, SWIM has been trading -8.02% off suggested target high and 7.41% from its likely low.
Latham Group Inc (SWIM) estimates and forecasts
Looking at statistics comparing Latham Group Inc share performance against respective industry, we note that the company has outperformed competitors. Latham Group Inc (SWIM) shares are 74.19% up over the last 6 months, with its year-to-date growth rate higher than industry average at 500.00% against 5.70%. The rating firms project that company’s revenue will shrink -10.62% compared to the previous financial year.
Revenue forecast for the current quarter as set by 6 analysts is 85.17M. Meanwhile, for the current quarter, a total of 6 analyst(s) estimate revenue growth to 113.76M.Earnings reports from the last fiscal year show that sales brought in 90.87M and 110.63M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -6.27% before jumping 2.83% in the following quarter.
SWIM Dividends
Latham Group Inc has its next earnings report out in January. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Latham Group Inc (NASDAQ:SWIM)’s Major holders
Latham Group Inc insiders hold 9.21% of total outstanding shares, with institutional holders owning 91.72% of the shares at 101.02% float percentage. In total, 91.72% institutions holds shares in the company, led by VOSS CAPITAL, LLC. As of 2024-06-30, the company held over 4.03 million shares (or 3.4988% of shares), all amounting to roughly $12.2 million.
The next major institution holding the largest number of shares is BLACKROCK INC. with 2.67 million shares, or about 2.323% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $8.1 million.
