While Latham Group Inc has underperformed by -3.48%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, SWIM rose by 152.27%, with highs and lows ranging from $7.33 to $2.09, whereas the simple moving average jumped by 28.80% 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 -6.40%, showing a negative trend in the upcoming months.
To gain a thorough understanding of Latham Group Inc’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of 2.82% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.60, 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.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and SWIM is recording an average volume of 571.01K. On a monthly basis, the volatility of the stock is set at 5.09%, whereas on a weekly basis, it is put at 7.72%, with a loss of -15.65% over the past seven days. Furthermore, long-term investors anticipate a median target price of $6.23, showing growth from the present price of $5.55, 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?
A leading company in the Building Products & Equipment sector, Latham Group Inc (SWIM) is based in the USA. 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 57.87, there is a growth in quarterly earnings of -7.26%.
The number of employees owning shares of the company should also be considered in addition to the fundamentals. 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 68.14%. 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 31.10% 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 31.10% at present.
