Sportsman’s Warehouse Holdings Inc (NASDAQ:SPWH) shares, rose in value, with the stock price up by 21.09% to the previous day’s close as strong demand from buyers drove the stock to $3.79.
Actively observing the price movement in the last trading, the stock closed the session at $3.13. The value of beta (5-year monthly) was 0.77. Referring to stock’s 52-week performance, its high was $8.85, and the low was $2.74. On the whole, SPWH has fluctuated by 12.46% over the past month.
With the market capitalization of Sportsman’s Warehouse Holdings Inc currently standing at about $141.78 million, investors are eagerly awaiting this quarter’s results, scheduled for May 28, 2024 – Jun 03, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.33, which is expected to increase to $0.06 for fiscal year -$0.07 and then to about $0.34 by fiscal year 2026. Data indicates that the EPS growth is expected to be 89.10% in 2026, while the next year’s EPS growth is forecast to be 585.70%.
Analysts have estimated the company’s revenue for the quarter at $271.8 million, with a low estimate of $265.3 million and a high estimate of $286.7 million. According to the average forecast, sales growth in current quarter could jump down -1.10%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2026, the company’s y-o-y revenues would reach $1.28 billion, representing a decrease of -1.00% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that SPWH’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium term indicators have put the stock in the category of 50% Sell while long term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of SPWH currently trading nearly 21.83% and 7.12% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 62.87, while the 7-day volatility ratio is showing 12.29% which for the 30-day chart, stands at 7.71%. Furthermore, Sportsman’s Warehouse Holdings Inc (SPWH)’s beta value is 0.77, and its average true range (ATR) is 0.26.
A comparison of Sportsman’s Warehouse Holdings Inc (SPWH) with its peers suggests the former has fared considerably weaker in the market. SPWH showed an intraday change of 21.09% in last session, and over the past year, it shrunk by -55.25%%.
Data on historical trading for Sportsman’s Warehouse Holdings Inc (NASDAQ:SPWH) indicates that the trading volumes over the past 10 days have averaged 0.76 million and over the past 3 months, they’ve averaged 388.93K. According to company’s latest data on outstanding shares, there are 37.53 million shares outstanding.
Nearly 4.16% of Sportsman’s Warehouse Holdings Inc’s shares belong to company insiders and institutional investors own 88.69% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 3.58 million shares as on Mar 15, 2024, resulting in a short ratio of 10.91. According to the data, the short interest in Sportsman’s Warehouse Holdings Inc (SPWH) stood at 9.58% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 2.56 million. The stock has fallen by -11.03% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SPWH stock heading into the next quarter.
