The stock of OneSpaWorld Holdings Limited (NASDAQ:OSW) is now priced at $7.2 and the shares are 0.44 points up or 6.51% higher compared to its previous closing price of $6.76. The stock had 1.354 million contracts set over the past session. OSW shares’ daily volume is compared to its average trading volume at 545531 shares. However, it has a float of 37.57 million and although its performance was 24.57% over the week, it’s one to watch. Analysts have given the OSW stock a yearly average price target of $10 per share. It means the stock’s upside potential is 38.89% with the OSW share price recently placing at $6.76 to $7.36. However, some brokerage firms have priced the stock below the average, including one that has called $10.
The shorts are running away from the OneSpaWorld Holdings Limited stock, with the latest data on short interest released on August 14, 2020, showing that short interest numbers in the OSW shares have declined. Short interest in the stock represents just 15.69% of its float, but the volume has dropped by -334114. The volume of shorted shares dropped to 5.895 million from 6.229 million shares over the last two weeks. The average intraday trading volume has been 363406 shares, which means that days to cover moved to roughly 16.221493.
In the last trading session, OneSpaWorld Holdings Limited (NASDAQ:OSW) raised by $1.42 over the week and gained $1.64 on its 20-day. The stock’s high in the recent session is lower when compared to its 52-week high of $17.25. The stock recorded its established 52-week high on 12/24/19.
Since 03/20/20, the stock has traded to a low of $2.45 at 193.88%, an encouraging piece of data likely to interest most investors out to exploit the stock’s recent surge.
Looking at current readings, OneSpaWorld Holdings Limited’s two-week RSI is 78.46. This suggests that the stock is oversold at the moment and that OSW shares’ price movement remains not stable. The stochastic readings are equally revealing at 92.09% meaning the OSW share price is currently in oversold territory.
The technical chart shows that the OSW stock will likely settle at between $7.45 and $7.71 per share. However, if the stock dips below $6.85, then its market would become much weaker. Any downside could see the stock price sliding to levels as low as $6.51.
Currently, the stock is trading in the green of MACD, with a reading of 0.62. Investors always pay attention to any move above or below the zero-line, mainly because the indicator points to the position of the stock’s short-term average relative to its long-term measure. A MACD -a reading above the zero line means that the short-term is above the long-term average. This scenario implies that there is an upward momentum. The opposite is true when the MACD falls below the zero-line.
Analysts at Jefferies raised their recommendation for OSW from Hold to Buy in June 09 review while maintain their target price of $12. William Blair analysts upgraded their recommendation of the stock from Mkt Perform to Outperform in a flash note released to investors on April 30. William Blair seeing the stock struggling downgraded it from Outperform to Mkt Perform on April 13.
The average rating for the OSW equity is 1 and is currently gathering a bullish momentum. Of 3 analysts tracking OneSpaWorld Holdings Limited polled by Reuters, 0 rated OSW as a hold. The remaining 3 analysts were split evenly. However, the split wasn’t equal as a majority (3) rated it as a buy or strong buy. 0 analyst advised investors against buying the stock or to sell if they own any of the stock.
Zacks Consensus Estimate forecasts that the current-quarter revenues for OneSpaWorld Holdings Limited (NASDAQ:OSW) will decrease by about -99.73%, which will see them reach $2.73 million. The company’s full-year revenues are, however, expected to diminish by about -75.48%, down from $562 million to $138 million. OSW’s expected adjusted earnings should drop almost -336.36% to end up at -$0.26 per share, while for the fiscal year, analysts project the company’s earnings to drop by about -288.64% to record -$0.83/share.