In yesterday’s Wall Street session, Latham Group Inc (NASDAQ:SWIM) shares traded at $6.59, down -1.05% from the previous session.
SWIM stock price is now 1.67% away from the 50-day moving average and 46.32% away from the 200-day moving average. The market capitalization of the company currently stands at $761.97M.
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With the price target enhanced from $3 to $4, Stifel Upgraded its rating from Hold to Buy for Latham Group Inc (NASDAQ: SWIM). On March 13, 2024, BofA Securities Downgraded its previous ‘Buy’ rating to ‘Underperform’ on the stock reducing its target price from $4.50 to quote $2.60, while ‘Barclays’ rates the stock as ‘Equal Weight’
In other news, Bahl Sanjeev, CHIEF OPERATING OFFICER sold 11,750 shares of the company’s stock on Nov 11 ’24. The stock was sold for $69,377 at an average price of $5.90. Upon completion of the transaction, the CHIEF OPERATING OFFICER now directly owns 262,811 shares in the company, valued at $1.73 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 11 ’24, CHIEF FINANCIAL OFFICER Gloe Oliver C. bought 9,000 shares of the business’s stock. A total of $51,570 was incurred on buying the stock at an average price of $5.73. This leaves the insider owning 291,706 shares of the company worth $1.92 million. A total of 68.14% of the company’s stock is owned by insiders.
During the past 12 months, Latham Group Inc has had a low of $2.11 and a high of $7.33. As of last week, the company has a debt-to-equity ratio of 0.76, a current ratio of 2.44, and a quick ratio of 1.60. According to the stock market information, the enterprise value for the company is $1020409920, which is based on a 68.72 price-to-earnings ratio, a 58.24 price-to-earnings-growth ratio, and a beta of 1.85. The fifty day moving average price for SWIM is $6.4787 and a two-hundred day moving average price translates $4.4851 for the stock.
The latest earnings results from Latham Group Inc (NASDAQ: SWIM) was released for 2024-09-28. The net profit margin was 2.23% and return on equity was 2.82% for SWIM. The company reported revenue of $150.5 million for the quarter, compared to $160.78 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -6.4 percent.
