Smith & Wesson Brands Inc (NASDAQ: SWBI) is 29.17% higher on its value in year-to-date trading and has touched a low of $10.34 and a high of $17.46 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SWBI stock was last observed hovering at around $17.39 in the last trading session, with the day’s gains setting it 0.12%.
Currently trading at $17.51, the stock is 27.66% and 29.91% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.25 million and changing 0.72% at the moment leaves the stock 33.73% off its SMA200. SWBI registered 68.58% gain for a year compared to 6-month gain of 50.34%. The firm has a 50-day simple moving average (SMA 50) of $1.64 and a 200-day simple moving average (SMA200) of $12.33.
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The stock witnessed a 28.13% loss in the last 1 month and extending the period to 3 months gives it a 26.28%, and is 32.39% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.42% over the week and 2.83% over the month.
Smith & Wesson Brands Inc (SWBI) has around 1690 employees, a market worth around $797.28M and $521.46M in sales. Current P/E ratio is 30.63 and Fwd P/E is 14.84. Profit margin for the company is 5.05%. Distance from 52-week low is 69.47% and 0.32% from its 52-week high. The company has generated returns on investments over the last 12 months (5.51%).
Smith & Wesson Brands Inc quarterly earnings per share for the current quarter are estimated at $0.33 with sales reaching $154.23M over the same period.The EPS is expected to shrink by -23.05% this year, but quarterly earnings will post 10.60% year-over-year. Quarterly sales are estimated to grow 6.50% in year-over-year returns.
Smith & Wesson Brands Inc (SWBI) Top Institutional Holders
243 institutions hold shares in Smith & Wesson Brands Inc (SWBI), with institutional investors hold 61.92% of the company’s shares. The shares outstanding are 45.99M, and float is at 44.41M with Short Float at 3.49%. Institutions hold 60.85% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 4.01 million shares valued at $52.25 million. The investor’s holdings represent 8.68% of the SWBI Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 3.42 million shares valued at $44.61 million to account for 7.41% of the shares outstanding. The other top investors are Dimensional Fund Advisors LP which holds 2.8 million shares representing 6.06% and valued at over $36.46 million, while Renaissance Technologies, LLC holds 5.42% of the shares totaling 2.5 million with a market value of $32.64 million.
Smith & Wesson Brands Inc (SWBI) Insider Activity
The most recent transaction is an insider sale by SCOTT ROBERT L,the company’sDirector. SEC filings show that SCOTT ROBERT L sold 2,000 shares of the company’s common stock on Feb 20 ’24 at a price of $13.46 per share for a total of $26920.0. Following the sale, the insider now owns 73569.0 shares.
Smith & Wesson Brands Inc disclosed in a document filed with the SEC on Jan 22 ’24 that SCOTT ROBERT L (Director) sold a total of 2,000 shares of the company’s common stock. The trade occurred on Jan 22 ’24 and was made at $13.17 per share for $26340.0. Following the transaction, the insider now directly holds 75569.0 shares of the SWBI stock.
Still, SEC filings show that on Dec 20 ’23, SCOTT ROBERT L (Director) disposed off 2,000 shares at an average price of $13.40 for $26800.0. The insider now directly holds 77,569 shares of Smith & Wesson Brands Inc (SWBI).
