On Jan. 06, McPherson Deana L divested U.S. $14,680 in shares of Smith & Wesson Brands Inc.. The sold 734 shares at a price per share of $20.00. The transaction decreased this specific insider’s holdings to 62,763 shares worth around $1.21 million at present.
Aegis Capital launched its Smith & Wesson Brands Inc. [SWBI] rating to the equivalent of a Buy and assigned the price target of $23, in a research note dated September 24, 2020. That figure represents around a 16.22% premium from where the company’s shares closed on Friday. Some new analysts also started their coverage, with Aegis Capital’s analysts assigning the shares to “a Buy” rating in a research note to investors issued in late September. Meanwhile, Aegis Capital had launched its coverage on SWBI with “Buy”, in a research note produced for clients September 24, 2020. In addition, there was no change from Lake Street on September 08, 2020. The rater maintained SWBI to “a Buy” but assigned new target price of $27.
Is Smith & Wesson Brands Inc. [NASDAQ:SWBI] a Good Buy Right Now?
It should be noted that SWBI technical indicators for short, intermediate as well as long term progress have placed an overall average of 72% as Buy. The average signal changed from 56% Buy in the last week and compares with 24% Sell in the past month. Data from Smith & Wesson Brands Inc.’s Trend Spotter indicated that the signals were Weakest. The stock current average is 3.09 million shares in the past 20 days and the short term average signal indicates a 100% Buy. In the last 50 days, the average trading volume was 2.88 million shares while the medium term average advocated for Hold. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 2.83 million shares.
SWBI Price Performance
On Wall Street, Smith & Wesson Brands Inc. [NASDAQ:SWBI] finished Friday’s session down -8.35% at $19.27. The stock went up to $21.25 at the same session while its lowest single day price was $18.7711. In the last five days, it saw a rise of about 8.56%, Smith & Wesson Brands Inc. shares gained by almost 8.56% since the beginning of the year. However, the share price has dropped to as low as -18.24% below its one year high. On 01/06/21, the company shares recorded $23.57, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/04/21, the same year at $17.51. The company’s shares have inclined by 166.06% in the past year. The 50-day SMA achieved is $16.83 while the 200-day SMA is $14.50. Volume dropped to 5.25 million from 5.71 million in the previous session.
Smith & Wesson Brands Inc. [SWBI] Valuation Measures
Notably, Smith & Wesson Brands Inc. [SWBI] stock cannot be classified as a good candidate in the listing of underestimated low-priced Aerospace & Defense companies to purchase soonest possible with the prevailing 12-month PE ratio of 35.75. The measure means the stock is exchanging at a premium as compared to the 25.83x trailing earnings of the industry. It can be helpful for investors to consider historical price-sales ratio, more specifically, a 1.34 PS value ratio is reported for the last one year of reported earnings. That is lower than the industry average of 1.46 which means SWBI serve an unattractive investment opportunity compared to its competitors.
SWBI Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 18.28 level, and in case of violation of this particular level, it will cause more drop to 17.28 level. On the upper level, 22.24 is still the key resistance. The stock may increase to the subsequent resistance at 20.76. The Relative Strength Index (RSI) pinned on the 14-day chart is 57.13, implying a neutral technical stance while the MACD stands at 2.44, meaning price will increase in the next trading period. Percent R indicator moved to 62.25%, implying low price movement. Stochastic %K at 61.90% suggest holding the stock.
What is the short interest in Smith & Wesson Brands Inc.?
Short interest in the Smith & Wesson Brands Inc. stock has surged, increasing by 0.4 million shares to total 5.92 million shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 6.32 million, data from Yahoo Finance shows. The decrease of -6.76% suggests the stock saw some decreased bullish sentiment. The stock’s days to cover (short ratio) moved to while the shorted shares account for just 10.68% of the overall float for the stock.
Smith & Wesson Brands Inc.’s Biggest Shareholders: Who Owns Smith & Wesson Brands Inc. [SWBI]?
Filings by Renaissance Technologies LLC showed that the firm now holds a total of 5,128,800 shares or roughly 9.17% of the outstanding SWBI shares. This means their shares have increased by 1,367,700 from the 5,128,800 the investor reportedly held in its prior 13-F filing. With the conclusion of the purchase, Dimensional Fund Advisors LP updated stake is worth $72,006,762. Details in the latest 13F filings reveal that BlackRock Fund Advisors disposed off their -6.99% stake valued at $64,428,094 while The Vanguard Group, Inc. cut theirs at $54,661,480. During the last quarter, BlackRock Fund Advisors liquidated -307,408 of its shares in Smith & Wesson Brands Inc. while The Vanguard Group, Inc. sold -230,619 shares. The Fidelity Management & Research Co’s holdings currently number 2,031,114 shares at $39139566.78. According to the firm’s last 13F report, QMA LLC shares in the company at filing stood at 1,888,552 shares, roughly $29,763,580.
SWBI Earnings Forecast For The Current Quarter
Smith & Wesson Brands Inc. [SWBI] is expected to report strong earnings results for the quarter ending on Jan 2021. Consensus estimates give the company expected revenues of $236.7M and an earnings per share of $0.76 for Jan 2021. Looking further ahead, the company is expected to report revenue of $215.63M at an EPS of $0.64 for Apr 2021. The estimates represent -30.50% and -52.98% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
SWBI Earnings Estimates For The Current Year
For the financial year, Smith & Wesson Brands Inc. [NASDAQ:SWBI] is expected to bring in revenue of $929.01M. The returns are nearly $250.62 million higher than the company’s actual revenue recorded in the fiscal year 2020. In terms of EPS for the 2021, estimate put it at 3.26, higher than that of FY20 by $2.44. Estimates put this year’s earnings growth at 297.60%, -53.10% for the next, and at an annual 15.00% over the next 5-year period. As for sales, forecasts are for an increase of 36.90% in the current fiscal year and a further -30.50% over the following year.
What are analyst thoughts on Smith & Wesson Brands Inc.?
Looking forward to the Smith & Wesson Brands Inc. share price prediction, we can see that analysts, surveyed by FactSet, offer the mean price target for Smith & Wesson Brands Inc. stock at $23.00 within the next 12 months, which represents almost 16.22 per cent growth from its previous closing price of $19.27. The highest analysts’ target for Smith & Wesson Brands Inc. stock projections is $28.00 and the lowest one is $18.00. Still, 6 analysts sharing their consensus rating for SWBI stock in 2021 agree that it is an Overweight.