Leslies Inc (NASDAQ:LESL) Slides -4.46 Percent In Recent Trade, What Can We Expect Next?

Leslies Inc (NASDAQ:LESL) traded at $6.53 at last check on Tuesday, March 19, made a downward move of -4.46% on its previous day’s price.

Looking at the stock we see that its previous close was $6.84 and the beta (5Y monthly) reads 0.93. The company has a trailing 12-month PE ratio of 68.29. In terms of its 52-week price range, LESL has a high of $11.68 and a low of $4.39. The company’s stock has lost about -16.96% over that past 30 days.

Leslies Inc has a market cap of $1.21 billion and is expected to release its quarterly earnings report on May 01, 2024 – May 06, 2024. Estimates by analysts give the company expected earnings per share (EPS) of -$0.18, with the EPS growth for the year raised at $0.28 for 2024 and $0.41 for next year.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $202.19 million, with a low of $192 million and a high of $207.47 million. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $1.44 billion, or -0.70% down from figures reported last year.

There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the LESL stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of 50% Buy. Long term indicators on average place the stock in the category of Hold.

Looking further, we note that the PEG ratio for the LESL stock currently stands at 7.04, and the most recent price level today is -12.42% off its SMA20 and -9.64% from its 50-day simple moving average. The RSI (14) is pointing at 38.52 while the volatility over the past week is 7.18% and jumps to 5.43% over the past one month. The beta value is 0.93, while the average true range (ATR) is currently pointing at 0.42.

Coming back to Leslies Inc (NASDAQ:LESL), we note that the average 3-month trading volume was 2.73 million, while that of the preceding 10-day period stands at 2.58 million. Current shares outstanding are 184.33 million.

The insiders hold 4.68% of the company’s shares while institutions hold 114.30%. The data shows that short shares as of Feb 29, 2024, stood at 19.48 million at a short ratio of 5.84. This represents a 10.56% short interest in shares outstanding on Feb 29, 2024. Shares short fall in February from the previous month at 22.52 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -5.43% down in year-to-date price movement.

Most Popular