During the last session, Latham Group Inc (NASDAQ:SWIM)’s traded shares were 0.48 million, with the beta value of the company hitting 1.83. At the end of the trading day, the stock’s price was $7.53, reflecting an intraday loss of -2.46% or -$0.19. The 52-week high for the SWIM share is $8.41, that puts it down -11.69 from that peak though still a striking 71.98% gain since the share price plummeted to a 52-week low of $2.11. The company’s market capitalization is $870.65M, and the average intraday trading volume over the past 10 days was 0.79 million shares, and the average trade volume was 635.69K shares over the past three months.
Latham Group Inc (SWIM) received a consensus recommendation of Hold from analysts. That translates to a mean rating of 2.25. SWIM has a Sell rating from 0 analyst(s) out of 2 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 0 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.1.
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Latham Group Inc (NASDAQ:SWIM) trade information
Latham Group Inc (SWIM) registered a -2.46% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -2.46% in intraday trading to $7.53, hitting a weekly high. The stock’s 5-day price performance is 16.20%, and it has moved by 38.93% in 30 days. Based on these gigs, the overall price performance for the year is 188.51%. The short interest in Latham Group Inc (NASDAQ:SWIM) is 2.36 million shares and it means that shorts have 3.3 day(s) to cover.
The consensus price target of analysts on Wall Street is $6.5, which implies a decrease of -15.85% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $6 and $7 respectively. As a result, SWIM is trading at a premium of 7.04% off the target high and 20.32% off the low.
Latham Group Inc (SWIM) estimates and forecasts
Statistics show that Latham Group Inc has outperformed its competitors in share price, compared to the industry in which it operates. Latham Group Inc (SWIM) shares have gone up 99.21% during the last six months, with a year-to-date growth rate more than the industry average at 500.00% against 6.50. In the rating firms’ projections, revenue will decrease -10.66% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 84.95M as predicted by 7 analyst(s). Meanwhile, a consensus of 7 analyst(s) estimates revenue growth to 113.39M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 90.87M and 110.63M respectively. In this case, analysts expect current quarter sales to shrink by -6.51% and then jump by 2.49% in the coming quarter.
While earnings are projected to return -80.31% in 2024, the next five years will return 1.18% per annum.
SWIM Dividends
Latham Group Inc is due to release its next quarterly earnings in January. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Latham Group Inc (NASDAQ:SWIM)’s Major holders
Latham Group Inc insiders own 9.21% of total outstanding shares while institutional holders control 91.72%, with the float percentage being 101.02%. VOSS CAPITAL, LLC is the largest shareholder of the company, while 180.0 institutions own stock in it. As of 2024-06-30, the company held over 4.03 million shares (or 3.4988% of all shares), a total value of $12.2 million in shares.
The next largest institutional holding, with 2.67 million shares, is of BLACKROCK INC.’s that is approximately 2.323% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $8.1 million.
