While Latham Group Inc has underperformed by -7.10%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, SWIM rose by 158.06%, with highs and lows ranging from $8.41 to $2.11, whereas the simple moving average jumped by 49.84% in the last 200 days.
On December 09, 2024, Craig Hallum started tracking Latham Group Inc (NASDAQ: SWIM) recommending Buy. A report published by Stifel on March 18, 2024, Upgraded its rating to ‘Buy’ for SWIM. BofA Securities also Downgraded SWIM shares as ‘Underperform’, setting a target price of $2.60 on the company’s shares in a report dated March 13, 2024. Barclays December 14, 2022d the rating to Equal Weight on December 14, 2022, and set its price target from $7 to $5. Stifel initiated its ‘Hold’ rating for SWIM, as published in its report on December 13, 2022. Goldman’s report from July 13, 2022 suggests a price prediction of $5.50 for SWIM shares, giving the stock a ‘Sell’ rating. BofA Securities also rated the stock as ‘Buy’.
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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 631.37K. On a monthly basis, the volatility of the stock is set at 6.73%, whereas on a weekly basis, it is put at 6.96%, with a loss of -13.77% over the past seven days. Furthermore, long-term investors anticipate a median target price of $7.09, showing decline from the present price of $7.20, 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 75.08, 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 66.86%. 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 33.76% 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 33.76% at present.
