Sunday, June 26, 2022

Investing in Smith & Wesson Brands Inc. (SWBI): What You Must Know

Smith & Wesson Brands Inc.’s filing revealed that its McPherson Deana L acquired Company’s shares for reported $4992.0 on Mar 08. In the deal valued at $14.90 per share,335 shares were bought. As a result of this transaction, McPherson Deana L now holds 59,869 shares worth roughly $ 0.8 million.

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Then, Smith Mark Peter bought 3,076 shares, generating $50,785 in total proceeds. Upon buying the shares at $16.51, the. now owns 204,252 shares.

Before that, Diaz Fred M bought 300 shares. Smith & Wesson Brands Inc. shares valued at $5,120 were divested by the Director at a price of $17.07 per share. As a result of the transaction, Diaz Fred M now holds 10,226 shares, worth roughly $0.14 million.

Following these proceedings, Cowen downgraded its Smith & Wesson Brands Inc. [SWBI] rating to a Market perform from a an Outperform in a research note published on Tuesday, December 03, 2021; the price target was decreased to $22 from $38. PT values the company’s stock at a premium of 39.0 to its Tuesday closing price. A number of analysts have revised their coverage, including Craig Hallum’s analysts, who remained covering the stock and in early September has reiterated a ‘”a Hold”‘ rating for it. Cowen also remained covering SWBI and reiterated its “an Outperform” recommendation on June 18, 2021. Craig Hallum revised its rating on March 05, 2021. It rated SWBI as “a Hold” which previously was an “a Buy”.

Price Performance Review of SWBI

On Tuesday, Smith & Wesson Brands Inc. [NASDAQ:SWBI] saw its stock jump 0.07% to $13.42. On the same session, the stock had its day’s lowest price of $13.325, but rose to a high of $13.76. Over the last five days, the stock has lost -7.51%. Smith & Wesson Brands Inc. shares have fallen nearly -24.61% since the year began. Nevertheless, the stocks have fallen -51.52% over the past one year. While a 52-week high of $39.61 was reached on 01/05/22, a 52-week low of $13.17 was recorded on 06/17/22. SMA at 50 days reached $14.48, while 200 days put it at $17.83. A total of 1.2 million shares were traded, compared to the trading of 1.4 million shares in the previous session.

Levels Of Support And Resistance For SWBI Stock

The 24-hour chart illustrates a support level at 13.24, which if violated will result in even more drops to 13.07. On the upside, there is a resistance level at 13.68. A further resistance level may holdings at 13.94. The Relative Strength Index (RSI) on the 14-day chart is 36.10, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.35, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.85%. Stochastics %K at 8.91% indicates the stock is a buying.

How much short interest is there in Smith & Wesson Brands Inc.?

A steep rise in short interest was recorded in Smith & Wesson Brands Inc. stocks on Apr 28, 2022, growing by 20000.0 shares to a total of 2.63 million shares. Yahoo Finance data shows the prior-month short interest on Mar 30, 2022 was 2.61 million shares. There was a rise of 0.76%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 5.85% of the overall stock float, the days-to-cover ratio (short ratio) rose to 4.06.

Smith & Wesson Brands Inc. [SWBI] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 3,446,308 shares, or roughly 7.57% of the outstanding SWBI shares. In other words, the investor’s shares have risen by 24,787 from its previous 13-F filing of 3421521.0. Additionally, The Vanguard Group, Inc. decreased -0.58% of its stake after which the total value it holdings stand at $52,569,662, while Renaissance Technologies LLC reduced -9.99% of its stake to hold $42.13 million in the firm. Over the last quarter, Dimensional Fund Advisors LP purchased 13,610 shares of Smith & Wesson Brands Inc., while SSgA Funds Management, Inc. bought 15,717 shares. At present, Geode Capital Management LLC is holding 837,121 shares valued at $12.96 million. PGIM Quantitative Solutions LLC owned 672,909 shares of the company at the time of its most recent 13F filing, worth $10.42 million.

The most recent change occurred on September 24, 2020 when Aegis Capital began covering the stock and recommended ‘”a Buy”‘ rating along with a $23 price target.

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