A new trading day began on Friday, with Latham Group Inc (NASDAQ: SWIM) stock price up 7.65% from the previous day of trading, before settling in for the closing price of $3.27. SWIM’s price has ranged from $2.04 to $4.77 over the past 52 weeks.
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A company in the Industrials sector has jumped its sales by 18.73% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged -144.15%. With a float of $36.74 million, this company’s outstanding shares have now reached $114.87 million.
In an organization with 1760 employees, it is important to assess its efficiency.
Latham Group Inc (SWIM) Insider Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the Building Products & Equipment Industry. The insider ownership of Latham Group Inc is 68.21%, while institutional ownership is 26.61%. The most recent insider transaction that took place on Mar 15 ’24, was worth 80,300. In this transaction CHIEF FINANCIAL OFFICER of this company bought 27,500 shares at a rate of $2.92, taking the stock ownership to the 292,922 shares. Before that another transaction happened on Mar 04 ’24, when Company’s CHIEF EXECUTIVE OFFICER sold 24,913 for $3.05, making the entire transaction worth $75,985. This insider now owns 266,143 shares in total.
Latham Group Inc (SWIM) Performance Highlights and Predictions
In its latest quarterly report, released on 3/31/2024, the company reported earnings of 0.1 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.06 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -144.15% per share during the next fiscal year.
Latham Group Inc (NASDAQ: SWIM) Trading Performance Indicators
Here are Latham Group Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.78. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.75. Likewise, its price to free cash flow for the trailing twelve months is 6.01.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.04, a number that is poised to hit 0.02 in the next quarter and is forecasted to reach 0.02 in one year’s time.
Technical Analysis of Latham Group Inc (SWIM)
Let’s dig in a bit further. During the last 5-days, its volume was 0.29 million. That was better than the volume of 0.26 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 66.43%. Additionally, its Average True Range was 0.25.
During the past 100 days, Latham Group Inc’s (SWIM) raw stochastic average was set at 64.77%, which indicates a significant decrease from 97.03% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 80.19% in the past 14 days, which was higher than the 78.33% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.42, while its 200-day Moving Average is $2.96. However, in the short run, Latham Group Inc’s stock first resistance to watch stands at $3.61. Second resistance stands at $3.71. The third major resistance level sits at $3.86. If the price goes on to break the first support level at $3.36, it is likely to go to the next support level at $3.21. Assuming the price breaks the second support level, the third support level stands at $3.11.
Latham Group Inc (NASDAQ: SWIM) Key Stats
With a market capitalization of 406.81 million, the company has a total of 115,573K Shares Outstanding. Currently, annual sales are 566,490 K while annual income is -2,390 K. The company’s previous quarter sales were 110,630 K while its latest quarter income was -7,860 K.
