While Latham Group Inc has underperformed by -0.58%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, SWIM rose by 165.12%, with highs and lows ranging from $6.93 to $2.04, whereas the simple moving average jumped by 77.88% in the last 200 days.
On March 18, 2024, Stifel Upgraded Latham Group Inc (NASDAQ: SWIM) to Buy. A report published by BofA Securities on March 13, 2024, Downgraded its rating to ‘Underperform’ for SWIM. Barclays also Downgraded SWIM shares as ‘Equal Weight’, setting a target price of $5 on the company’s shares in a report dated December 14, 2022. Stifel Initiated an Hold rating on December 13, 2022, and assigned a price target of $3. Goldman July 13, 2022d its ‘Neutral’ rating to ‘Sell’ for SWIM, as published in its report on July 13, 2022. BofA Securities’s report from November 11, 2021 suggests a price prediction of $27 for SWIM shares, giving the stock a ‘Buy’ rating. BofA Securities also rated the stock as ‘Neutral’.
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Analysis of Latham Group Inc (SWIM)
Further, the quarter-over-quarter decrease in sales is -9.60%, showing a negative trend in the upcoming months.
Latham Group Inc’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. The goal here is to ensure that your current return on equity of 2.94% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 2.15, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
The average volume for any stock is also a very valuable indicator of volatility, and SWIM has an average volume of 734.73K. On a monthly basis, the volatility of the stock is set at 4.86%, whereas on a weekly basis, it is put at 4.53%, with a gain of 4.91% over the past seven days. Furthermore, long-term investors anticipate a median target price of $5.41, showing decline from the present price of $6.84, which can serve as yet another indication of whether SWIM is worth investing in or should be passed over.
How Do You Analyze Latham Group Inc Shares?
Building Products & Equipment giant Latham Group Inc (SWIM) is based in the USA and is one of the largest companies in the market. When comparing Latham Group Inc shares with other companies under Industrials, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 68.61, there is a growth in quarterly earnings of 123.87%.
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 68.15%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 27.13% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
SWIM shares are owned by institutional investors to the tune of 27.13% at present.
