Hayward Holdings Inc (HAYW) stock poised to deliver a potential drop of -4.41%

A share price of Hayward Holdings Inc [HAYW] is currently trading at $13.60, up 0.07%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The HAYW shares have gain 3.26% over the last week, with a monthly amount drifted -8.97%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Hayward Holdings Inc [NYSE: HAYW] stock has seen the most recent analyst activity on January 11, 2024, when Jefferies downgraded its rating to a Hold and also revised its price target to $14 from $15. Previously, Stifel downgraded its rating to Hold on December 20, 2023, and elevated its price target to $13.50. On August 03, 2023, upgrade upgraded it’s rating to Buy and revised its price target to $16.50 on the stock. Stifel downgraded its rating to a Hold and increased its price target to $13 on February 06, 2023. Jefferies upgraded its rating to a Buy and raised its price target to $15 on January 04, 2023. Stifel started tracking with a Buy rating for this stock on December 13, 2022, and assigned it a price target of $11. In a note dated October 18, 2022, BofA Securities downgraded an Underperform rating on this stock and revised its target price from $14 to $8.

Hayward Holdings Inc experienced fluctuations in its stock price throughout the past year between $9.80 and $16.04. Currently, Wall Street analysts expect the stock to reach $13 within the next 12 months. Hayward Holdings Inc [NYSE: HAYW] shares were valued at $13.60 at the most recent close of the market. An investor can expect a potential drop of -4.41% based on the average HAYW price forecast.

Analyzing the HAYW fundamentals

Trailing Twelve Months sales for Hayward Holdings Inc [NYSE:HAYW] were 992.45M which represents 7.53% growth. Gross Profit Margin for this corporation currently stands at 0.47% with Operating Profit Margin at 0.18%, Pretax Profit Margin comes in at 0.1%, and Net Profit Margin reading is 0.08%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.06 and Total Capital is 0.07. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.84.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 13.24 points at the first support level, and at 12.88 for the second support level. However, for the 1st resistance point, the stock is sitting at 13.83, and for the 2nd resistance point, it is at 14.05.

Hayward Holdings Inc [HAYW] reported earnings per share of $0.2 for its fiscal quarter that ended on 12/31/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.18/share, meaning a difference of $0.02 and a surprise factor of 11.10%. By comparison, the stated earnings for the previous quarter ended on 9/30/2023 were $0.09 per share as compared to estimates of $0.08 per share, a difference of $0.01 representing a surprise of 12.50%.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Hayward Holdings Inc [NYSE:HAYW] is 3.02. In addition, the Quick Ratio stands at 2.13 and the Cash Ratio stands at 0.74. Considering the valuation of this stock, the price to sales ratio is 2.94, the price to book ratio is 2.22 and price to earnings (TTM) ratio is 37.20.

Transactions by insiders

Recent insider trading involved HOLLERAN KEVIN, President and CEO, that happened on Apr 17 ’24 when 42857.0 shares were sold. President and CEO, HOLLERAN KEVIN completed a deal on Apr 01 ’24 to sell 61429.0 shares. Meanwhile, President and CEO HOLLERAN KEVIN sold 42858.0 shares on Mar 13 ’24.

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