Latham Group Inc (NASDAQ: SWIM) is 131.18% higher on its value in year-to-date trading and has touched a low of $2.09 and a high of $7.33 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 SWIM stock was last observed hovering at around $5.81 in the last trading session, with the day’s gains setting it 0.27%.
Currently trading at $6.08, the stock is -8.76% and -6.33% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.12 million and changing 4.65% at the moment leaves the stock 42.59% off its SMA200. SWIM registered 131.18% gain for a year compared to 6-month gain of 57.92%. The firm has a 50-day simple moving average (SMA 50) of $6.4902 and a 200-day simple moving average (SMA200) of $4.245625.
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The stock witnessed a -11.63% loss in the last 1 month and extending the period to 3 months gives it a 14.72%, and is -6.46% down 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 6.99% over the week and 4.78% over the month.
Latham Group Inc (SWIM) has around 1760 employees, a market worth around $702.71M and $512.11M in sales. Current P/E ratio is 63.40 and Fwd P/E is 59.23. Profit margin for the company is 2.23%. Distance from 52-week low is 190.91% and -17.05% from its 52-week high. The company has generated returns on investments over the last 12 months (1.58%).
The EPS is expected to shrink by -63.25% this year
155.0 institutions hold shares in Latham Group Inc (SWIM), with institutional investors hold 97.92% of the company’s shares. The shares outstanding are 114.87M, and float is at 36.83M with Short Float at 3.80%. Institutions hold 88.91% of the Float.
The top institutional shareholder in the company is VOSS CAPITAL, LLC with over 4.03 million shares valued at $12.2 million. The investor’s holdings represent 3.4988 of the SWIM Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 2.67 million shares valued at $8.1 million to account for 2.323 of the shares outstanding. The other top investors are AMERIPRISE FINANCIAL INC which holds 2.67 million shares representing 2.3226 and valued at over $8.1 million, while VICTORY CAPITAL MANAGEMENT INC holds 2.2613 of the shares totaling 2.6 million with a market value of $7.88 million.
Latham Group Inc (SWIM) Insider Activity
The most recent transaction is an insider sale by Gloe Oliver C., the company’s CHIEF FINANCIAL OFFICER. SEC filings show that Gloe Oliver C. sold 10,216 shares of the company’s common stock on Oct 31 ’24 at a price of $6.44 per share for a total of $65791.0. Following the sale, the insider now owns 0.28 million shares.
Latham Group Inc disclosed in a document filed with the SEC on Aug 26 ’24 that Rajeski Scott Michael (CHIEF EXECUTIVE OFFICER) sold a total of 25,851 shares of the company’s common stock. The trade occurred on Aug 26 ’24 and was made at $6.54 per share for $0.17 million. Following the transaction, the insider now directly holds 0.49 million shares of the SWIM stock.
Still, SEC filings show that on Aug 26 ’24, Rajeski Scott Michael (Officer) Proposed Sale 35,851 shares at an average price of $6.58 for $0.24 million. The insider now directly holds shares of Latham Group Inc (SWIM).
