Latham Group Inc (NASDAQ:SWIM) shares, rose in value on Friday, May 09, with the stock price up by 3.28% to the previous day’s close as strong demand from buyers drove the stock to $5.99.
Actively observing the price movement in the last trading, the stock closed the session at $5.80. Referring to stock’s 52-week performance, its high was $8.41, and the low was $2.54. On the whole, SWIM has fluctuated by 4.54% over the past month.
With the market capitalization of Latham Group Inc currently standing at about $697.04 million, investors are eagerly awaiting this quarter’s results, scheduled for in June.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 541.48M, with a low estimate of 166M and a high estimate of 183.73M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 172.79M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that SWIM’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 100% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the price of SWIM currently trading nearly 9.76% and -1.01% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 54.82, while the 7-day volatility ratio is showing 7.19% which for the 30-day chart, stands at 6.72%. Furthermore, Latham Group Inc (SWIM)’s beta value is 1.73, and its average true range (ATR) is 0.41.
A comparison of Latham Group Inc (SWIM) with its peers suggests the former has fared considerably weaker in the market. SWIM showed an intraday change of 3.28% in last session, and over the past year, it grew by 100.33%%.
Data on historical trading for Latham Group Inc (NASDAQ:SWIM) indicates that the trading volumes over the past 3 months, they’ve averaged 754.29K. According to company’s latest data on outstanding shares, there are 116.36 million shares outstanding.
Nearly 63.97% of Latham Group Inc’s shares belong to company insiders and institutional investors own 39.96% of the company’s shares. The stock has fallen by -13.94% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SWIM stock heading into the next quarter.
