In the latest trading session,, 0.45 million Latham Group Inc (NASDAQ:SWIM) shares changed hands as the company’s beta touched 1.72. With the company’s most recent per share price at $4.78 changed hands at -$0.22 or -4.50% at last look, the market valuation stands at $552.83M. SWIM’s current price is a discount, trading about -75.94% off its 52-week high of $8.41. The share price had its 52-week low at $2.38, which suggests the last value was 50.21% up since then. When we look at Latham Group Inc’s average trading volume, we note the 10-day average is 0.73 million shares, with the 3-month average coming to 646.24K.
Analysts gave the Latham Group Inc (SWIM) stock a consensus recommendation rating of Hold, calculated at a mean rating of 2.25. If we narrow down to specifics, the data shows that 0 out of 2 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 2 recommended SWIM as a Hold, 0 felt it is a Buy and 0 rated the stock as Underweight. Latham Group Inc’s EPS for the current quarter is expected to be -0.04.
Latham Group Inc (NASDAQ:SWIM) trade information
Instantly SWIM was in red as seen in intraday trades today. With action -28.94%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -31.39%, with the 5-day performance at -28.94% in the red. However, in the 30-day time frame, Latham Group Inc (NASDAQ:SWIM) is -34.23% down. Looking at the short shares, we see there were 3.94 million shares sold at short interest cover period of 4.62 days.
The consensus price target for the stock as assigned by Wall Street analysts is 8.5, meaning bulls need an upside of 43.76% from its recent market value. According to analyst projections, SWIM’s forecast low is 8.5 with 8.5 as the target high. To hit the forecast high, the stock’s price needs a -77.82% plunge from its current level, while the stock would need to soar -77.82% for it to hit the projected low.
Latham Group Inc (SWIM) estimates and forecasts
Year-over-year growth is forecast to reach 6.77% up from the last financial year.
Consensus estimates given by 7 financial analysts project the company’s revenue in the current quarter to hit an average of 110.93M. 7 analysts are of the opinion that Latham Group Inc’s revenue for the current quarter will be 172.42M. The company’s revenue for the corresponding quarters a year ago was 110.63M and 160.12M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 0.27%. The estimates for the next quarter sales put growth at 7.68%. The 2025 estimates are for Latham Group Inc earnings to increase by 316.31%.
Latham Group Inc (NASDAQ:SWIM)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 7.26% of Latham Group Inc shares while 98.08% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 105.76%. There are 98.08% institutions holding the Latham Group Inc stock share, with VOSS CAPITAL, LLC the top institutional holder. As of 2024-06-30, the company held 3.4858% of the shares, roughly 4.03 million SWIM shares worth $12.2 million.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 2.3144% or 2.67 million shares worth $8.1 million as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were WASATCH FUNDS TRUST-Wasatch Micro Cap Fund and VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund . With 1.21 shares estimated at $5.82 million under it, the former controlled 1.05% of total outstanding shares. On the other hand, VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund held about 0.92% of the shares, roughly 1.06 shares worth around $5.09 million.
