In a filing, OneWater Marine Inc. revealed its CEO – Singleton Philip Austin Jr. acquired Company’s shares for reported $60568.0 on Aug 25. In the deal valued at $25.47 per share,2,378 shares were bought. As a result of this transaction, Singleton Philip Austin Jr. now holds 580,183 shares worth roughly $ 15.5 million.
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Then, Singleton Philip Austin Jr. bought 4,633 shares, generating $124,720 in total proceeds. Upon buying the shares at $26.92, the CEO – now owns 577,805 shares.
Before that, Singleton Philip Austin Jr. bought 100 shares. OneWater Marine Inc. shares valued at $2,699 were divested by the CEO – at a price of $26.99 per share. As a result of the transaction, Singleton Philip Austin Jr. now holds 573,172 shares, worth roughly $15.31 million.
Raymond James downgraded its OneWater Marine Inc. [ONEW] rating to a Mkt perform from a an Outperform in a research note published on Friday.
Price Performance Review of ONEW
On Friday, OneWater Marine Inc. [NASDAQ:ONEW] saw its stock jump 2.30% to $26.71. On the same session, the stock had its day’s lowest price of $26.31, but rose to a high of $26.75. Over the last five days, the stock has gained 3.25%. OneWater Marine Inc. shares have fallen nearly -6.61% since the year began. Nevertheless, the stocks have fallen -32.97% over the past one year. While a 52-week high of $40.52 was reached on 07/17/23, a 52-week low of $23.68 was recorded on 03/20/23. SMA at 50 days reached $32.16, while 200 days put it at $29.92. A total of 58750.0 shares were traded, compared to the trading of 74800.0 shares in the previous session.
Levels Of Support And Resistance For ONEW Stock
The 24-hour chart illustrates a support level at 26.43, which if violated will result in even more drops to 26.15. On the upside, there is a resistance level at 26.87. A further resistance level may holdings at 27.03. The Relative Strength Index (RSI) on the 14-day chart is 39.10, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.20, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 55.59%. Stochastics %K at 32.28% indicates the stock is a holding.
How much short interest is there in OneWater Marine Inc.?
A steep rise in short interest was recorded in OneWater Marine Inc. stocks on Aug 14, 2023, dropping by -0.2 million shares to a total of 0.78 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 0.98 million shares. There was a decline of -25.11%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 7.91% of the overall stock float, the days-to-cover ratio (short ratio) fell to 6.55.
According to FactSet, OneWater Marine Inc.’s share price will average $32.50 in the next year, based on opinions of analysts polled by the firm. This is up nearly 26.39 percent from its previous closing price of $26.11. Analysts expect OneWater Marine Inc. stock to reach the higher price of $36.00, while the lowest price estimate is $27.00. However, 7 analysts have rated ONEW stock as an Overweight in their predictions for 2023.