During the last session, Latham Group Inc (NASDAQ:SWIM)’s traded shares were 0.5 million, with the beta value of the company hitting 1.78. At the end of the trading day, the stock’s price was $4.91, reflecting an intraday gain of 1.66% or $0.08. The 52-week high for the SWIM share is $8.41, that puts it down -71.28 from that peak though still a striking 51.53% gain since the share price plummeted to a 52-week low of $2.38. The company’s market capitalization is $568.46M, and the average intraday trading volume over the past 10 days was 0.92 million shares, and the average trade volume was 687.49K 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 -0.05.
Latham Group Inc (NASDAQ:SWIM) trade information
Latham Group Inc (SWIM) registered a 1.66% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 1.66% in intraday trading to $4.91, hitting a weekly high. The stock’s 5-day price performance is -2.19%, and it has moved by -25.04% in 30 days. Based on these gigs, the overall price performance for the year is 49.70%. The short interest in Latham Group Inc (NASDAQ:SWIM) is 3.75 million shares and it means that shorts have 4.78 day(s) to cover.
The consensus price target of analysts on Wall Street is $8.5, which implies an increase of 42.24% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $8.5 and $8.5 respectively. As a result, SWIM is trading at a discount of -73.12% off the target high and -73.12% off the low.
Latham Group Inc (SWIM) estimates and forecasts
In the rating firms’ projections, revenue will increase 6.16% 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 110.93M as predicted by 7 analyst(s). Meanwhile, a consensus of 7 analyst(s) estimates revenue growth to 171.58M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 110.63M and 160.12M respectively. In this case, analysts expect current quarter sales to grow by 0.27% and then jump by 7.15% in the coming quarter.
SWIM Dividends
Latham Group Inc is due to release its next quarterly earnings on 2025-Mar-03. 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 7.26% of total outstanding shares while institutional holders control 98.08%, with the float percentage being 105.75%. VOSS CAPITAL, LLC is the largest shareholder of the company, while 190.0 institutions own stock in it. As of 2024-06-30, the company held over 4.03 million shares (or 3.4858% 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 2.3144% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $8.1 million.
Also, the Mutual Funds coming in first place with the largest holdings of Latham Group Inc (SWIM) shares are WASATCH FUNDS TRUST-Wasatch Micro Cap Fund and iShares Trust-iShares Russell 2000 ETF . Data provided on Dec 31, 2024 indicates that WASATCH FUNDS TRUST-Wasatch Micro Cap Fund owns about 1.21 shares. This amounts to just over 1.05 percent of the company’s overall shares, with a $5.96 million market value. The same data shows that the other fund manager holds slightly less at 1.08, or about 0.94% of the stock, which is worth about $5.32 million.
