Latham Group Inc (NASDAQ:SWIM) price on current trading day, rose 14.60% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $5.73.
A look at the stock’s price movement, the close in the last trading session was $5.00, moving within a range at $4.65 and $5.89. The beta value (5-Year monthly) was 1.703. Turning to its 52-week performance, $8.41 and $2.38 were the 52-week high and 52-week low respectively. Overall, SWIM moved -21.07% over the past month.
Latham Group Inc’s market cap currently stands at around $663.40 million, with investors looking forward to this quarter’s earnings report slated for on 2025-Mar-03.
Turning to the stock’s technical picture we see that short term indicators suggest on average that SWIM is a 50% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
2 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 2 analyst(s) rate the stock as a Hold, 0 recommend SWIM as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
SWIM’s current price about -10.23% and -13.14% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 42.59, while 7-day volatility ratio is 13.50% and 7.64% in the 30-day chart. Further, Latham Group Inc (SWIM) has a beta value of 1.72, and an average true range (ATR) of 0.55. Analysts have given the company’s stock an average 52-week price target of $8.5, forecast between a low of $8.5 and high of $8.5. Looking at the price targets, the low is -48.34% off current price level while to achieve the yearly target high, price needs to move -48.34%. Nonetheless, investors will most likely welcome a -48.34% jump to $8.5 which is the analysts’ median price.
If we refocus on Latham Group Inc (NASDAQ:SWIM), historical trading data shows that trading volumes averaged 0.86 over the past 10 days and 646.24K over the past 3 months. The company’s latest data on shares outstanding shows there are 115.76 million shares.
The 63.90% of Latham Group Inc’s shares are in the hands of company insiders while institutional holders own 40.24% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 3.94 million on 2025-03-14, giving us a short ratio of 4.62. The data shows that as of 2025-03-14 short interest in Latham Group Inc (SWIM) stood at 960.0 of shares outstanding, with shares short falling to 4.19 million registered in 2025-02-14. Current price change has pushed the stock -17.67% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the SWIM stock continues to rise going into the next quarter.
