Latham Group Inc (NASDAQ: SWIM) on Friday, soared 5.23% from the previous trading day, before settling in for the closing price of $5.93. Within the past 52 weeks, SWIM’s price has moved between $2.04 and $6.15.
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Annual sales at Industrials sector company grew by 18.73% over the past five years. The company achieved an average annual earnings per share of -60.61%. With a float of $36.75 million, this company’s outstanding shares have now reached $114.87 million.
Let’s look at the performance matrix of the company that is accounted for 1760 employees. In terms of profitability, gross margin is 25.55%, operating margin of 5.69%, and the pretax margin is 0.58%.
Latham Group Inc (SWIM) Insider and Institutional Ownership
Observing investor behavior towards Building Products & Equipment industry stocks is more important than anything else. The insider ownership of Latham Group Inc is 68.20%, while institutional ownership is 27.13%. The most recent insider transaction that took place on Aug 09 ’24, was worth 51,337. In this transaction VICE PRESIDENT & CONTROLLER of this company sold 10,139 shares at a rate of $5.06, taking the stock ownership to the 38,748 shares. Before that another transaction happened on Aug 09 ’24, when Company’s GENERAL COUNSEL & SECRETARY sold 3,942 for $5.08, making the entire transaction worth $20,025. This insider now owns 270,954 shares in total.
Latham Group Inc (SWIM) Latest Financial update
As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported 0.11 earnings per share (EPS) for the period falling under the consensus outlook (set at 0.12) by -0.01. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.07 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -60.61% per share during the next fiscal year.
Latham Group Inc (NASDAQ: SWIM) Trading Performance Indicators
Latham Group Inc (SWIM) is currently performing well based on its current performance indicators. A quick ratio of 2.15 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.38. Likewise, its price to free cash flow for the trailing twelve months is 9.21.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.10, a number that is poised to hit 0.06 in the next quarter and is forecasted to reach 0.13 in one year’s time.
Technical Analysis of Latham Group Inc (SWIM)
Latham Group Inc (NASDAQ: SWIM) saw its 5-day average volume 0.95 million, a positive change from its year-to-date volume of 0.39 million. As of the previous 9 days, the stock’s Stochastic%D was 95.24%. Additionally, its Average True Range was 0.42.
During the past 100 days, Latham Group Inc’s (SWIM) raw stochastic average was set at 99.74%, which indicates a significant increase from 99.68% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 158.80% in the past 14 days, which was higher than the 94.56% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.63, while its 200-day Moving Average is $3.12. Nevertheless, the first resistance level for the watch stands at $6.42 in the near term. At $6.59, the stock is likely to face the second major resistance level. The third major resistance level sits at $6.94. If the price goes on to break the first support level at $5.90, it is likely to go to the next support level at $5.55. The third support level lies at $5.38 if the price breaches the second support level.
Latham Group Inc (NASDAQ: SWIM) Key Stats
Market capitalization of the company is 721.22 million based on 115,573K outstanding shares. Right now, sales total 566,490 K and income totals -2,390 K. The company made 160,120 K in profit during its latest quarter, and 13,280 K in sales during its previous quarter.
