Spectrum Brands Holdings Inc (NYSE: SPB) is -26.76% lower on its value in year-to-date trading and has touched a low of $57.66 and a high of $96.74 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SPB stock was last observed hovering at around $63.07 in the last trading session, with the day’s loss setting it -1.19%.
Currently trading at $61.88, the stock is -0.19% and -8.42% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.17 million and changing -1.89% at the moment leaves the stock -25.51% off its SMA200. SPB registered -26.04% loss for a year compared to 6-month loss of -32.10%.
The stock witnessed a 1.58% gain in the last 1 month and extending the period to 3 months gives it a -25.32%, and is -1.93% 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 2.88% over the week and 3.80% over the month.
Spectrum Brands Holdings Inc (SPB) has around 3100 employees, a market worth around $1.63B and $2.97B in sales. Current P/E ratio is 15.22 and Fwd P/E is 11.06. Profit margin for the company is 4.01%. Distance from 52-week low is 7.32% and -36.03% from its 52-week high. The company has generated returns on investments over the last 12 months (4.49%).
The EPS is expected to grow by 26.04% this year
The shares outstanding are 27.30M, and float is at 25.33M with Short Float at 8.20%.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 3.0 million shares valued at $257.96 million. The investor’s holdings represent 10.3875 of the SPB Shares outstanding. As of 2024-06-30, the second largest holder is ALLSPRING GLOBAL INVESTMENTS HOLDINGS, LLC with 2.01 million shares valued at $172.51 million to account for 6.9466 of the shares outstanding. The other top investors are INVESCO LTD. which holds 1.74 million shares representing 6.0358 and valued at over $149.89 million, while BLACKROCK INC. holds 4.636 of the shares totaling 1.34 million with a market value of $115.13 million.
