Onewater Marine Inc [ONEW] stock prices are up 2.88% to $22.15 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The ONEW shares have gain 19.02% over the last week, with a monthly amount drifted -2.85%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Raymond James downgraded its rating to Mkt Perform on July 18, 2023. On April 19, 2023, KeyBanc Capital Markets initiated with a Overweight rating and assigned a price target of $33 on the stock. DA Davidson started tracking the stock assigning a Neutral rating and suggested a price target of $35 on September 30, 2022. Wolfe Research initiated its recommendation with a Outperform and recommended $45 as its price target on September 30, 2021. KeyBanc Capital Markets started tracking with a Overweight rating for this stock on March 03, 2021, and assigned it a price target of $43. In a note dated February 23, 2021, Stifel initiated an Buy rating and provided a target price of $42 on this stock.
The stock price of Onewater Marine Inc [ONEW] has been fluctuating between $18.55 and $35.86 over the past year. Currently, Wall Street analysts expect the stock to reach $33.67 within the next 12 months. Onewater Marine Inc [NASDAQ: ONEW] shares were valued at $22.15 at the most recent close of the market. An investor can expect a potential return of 52.01% based on the average ONEW price forecast.
Analyzing the ONEW fundamentals
The Onewater Marine Inc [NASDAQ:ONEW] reported sales of 1.77B for trailing twelve months, representing a drop of -16.21%. Gross Profit Margin for this corporation currently stands at 0.25% with Operating Profit Margin at -0.02%, Pretax Profit Margin comes in at -0.07%, and Net Profit Margin reading is -0.05%. To continue investigating profitability, this company’s Return on Assets is posted at -0.06, Equity is -0.27 and Total Capital is -0.04. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.52.
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 21.06 points at the first support level, and at 19.97 for the second support level. However, for the 1st resistance point, the stock is sitting at 22.99, and for the 2nd resistance point, it is at 23.83.
Ratios To Look Out For
It’s worth pointing out that Onewater Marine Inc [NASDAQ:ONEW]’s Current Ratio is 1.28. Also, the Quick Ratio is 0.31, while the Cash Ratio stands at 0.06. Considering the valuation of this stock, the price to sales ratio is 0.20, the price to book ratio is 0.88.
Transactions by insiders
Recent insider trading involved ROY J STEVEN, Director, that happened on Nov 20 ’24 when 2500.0 shares were purchased. CEO -, Singleton Philip Austin Jr. completed a deal on Nov 19 ’24 to buy 11939.0 shares. Meanwhile, CEO – Singleton Philip Austin Jr. bought 11579.0 shares on Nov 20 ’24.
