At the time of writing, Latham Group Inc [SWIM] stock is trading at $6.84, down -0.58%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The SWIM shares have gain 4.91% over the last week, with a monthly amount glided 12.32%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Latham Group Inc [NASDAQ: SWIM] stock has seen the most recent analyst activity on March 18, 2024, when Stifel upgraded its rating to a Buy and also boosted its price target to $4 from $3. Previously, BofA Securities downgraded its rating to Underperform on March 13, 2024, and dropped its price target to $2.60. On December 14, 2022, downgrade downgraded it’s rating to Equal Weight and revised its price target to $5 on the stock. Stifel started tracking the stock assigning a Hold rating and suggested a price target of $3 on December 13, 2022. Goldman downgraded its rating to a Sell and reduced its price target to $5.50 on July 13, 2022. BofA Securities upgraded its rating to Buy for this stock on November 11, 2021, and upped its price target to $27. In a note dated November 08, 2021, BofA Securities initiated an Neutral rating and provided a target price of $18 on this stock.
For the past year, the stock price of Latham Group Inc fluctuated between $2.04 and $6.93. Currently, Wall Street analysts expect the stock to reach $12.64 within the next 12 months. Latham Group Inc [NASDAQ: SWIM] shares were valued at $6.84 at the most recent close of the market. An investor can expect a potential return of 84.8% based on the average SWIM price forecast.
Analyzing the SWIM fundamentals
According to Latham Group Inc [NASDAQ:SWIM], the company’s sales were 522.40M for trailing twelve months, which represents an -9.60% plunge. Gross Profit Margin for this corporation currently stands at 0.26% with Operating Profit Margin at 0.06%, Pretax Profit Margin comes in at 0.01%, and Net Profit Margin reading is 0.02%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.03 and Total Capital is 0.04. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.71.
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 6.69 points at the first support level, and at 6.54 for the second support level. However, for the 1st resistance point, the stock is sitting at 7.06, and for the 2nd resistance point, it is at 7.28.
Ratios To Look Out For
It is important to note that Latham Group Inc [NASDAQ:SWIM] has a current ratio of 3.22. As well, the Quick Ratio is 2.15, while the Cash Ratio is 1.16. Considering the valuation of this stock, the price to sales ratio is 1.51, the price to book ratio is 1.94 and price to earnings (TTM) ratio is 68.61.
Transactions by insiders
Recent insider trading involved Rajeski Scott Michael, CHIEF EXECUTIVE OFFICER, that happened on Aug 26 ’24 when 25851.0 shares were sold. Officer, Rajeski Scott Michael completed a deal on Aug 26 ’24 to buy 35851.0 shares. Meanwhile, Chief Executive Officer, Direc Scott Michael Rajeski bought 33000.0 shares on Aug 16 ’24.
