Smith & Wesson Brands Inc’s recent filing unveils that its Director SCOTT ROBERT L unloaded Company’s shares for reported $35800.0 on Mar 20 ’24. In the deal valued at $17.90 per share,2,000 shares were sold. As a result of this transaction, SCOTT ROBERT L now holds 71,569 shares worth roughly $1.26 million.
Then, McPherson Deana L sold 13,068 shares, generating $228,540 in total proceeds. Upon selling the shares at $17.49, the insider now owns 76,370 shares.
Before that, SCOTT ROBERT L sold 2,000 shares. Smith & Wesson Brands Inc shares valued at $26,920 were divested by the Director at a price of $13.46 per share. As a result of the transaction, SCOTT ROBERT L now holds 73,569 shares, worth roughly $1.29 million.
Craig Hallum upgraded its Smith & Wesson Brands Inc [SWBI] rating to a Buy from a a Hold in a research note published on March 08, 2024; the price target was increased to $18 from $14. A number of analysts have revised their coverage, including Lake Street’s analysts, who remained covering the stock and in early December has reiterated a ‘”a Buy”‘ rating for it. Cowen also remained covering SWBI and has decreased its forecast on December 03, 2021 with a “Market perform” recommendation from previously “an Outperform” rating. Craig Hallum maintained its rating on September 02, 2021. It rated SWBI as “a Hold”.
Price Performance Review of SWBI
On Tuesday, Smith & Wesson Brands Inc [NASDAQ:SWBI] saw its stock fall -1.18% to $17.54. Over the last five days, the stock has gained 2.45%. Smith & Wesson Brands Inc shares have risen nearly 29.35% since the year began. Nevertheless, the stocks have risen 48.02% over the past one year. While a 52-week high of $18.05 was reached on 03/21/24, a 52-week low of $10.38 was recorded on 02/05/24. SMA at 50 days reached $15.26, while 200 days put it at $13.67. A total of 0.27 million shares were traded, compared to the trading of 0.33 million shares in the previous session.
Levels Of Support And Resistance For SWBI Stock
The 24-hour chart illustrates a support level at 17.34, which if violated will result in even more drops to 17.13. On the upside, there is a resistance level at 17.75. A further resistance level may holdings at 17.96. The Relative Strength Index (RSI) on the 14-day chart is 64.08, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.12, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 46.36%. Stochastics %K at 65.76% indicates the stock is a holding.
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 Mar 28, 2024, dropping by -0.47 million shares to a total of 1.15 million shares. Yahoo Finance data shows the prior-month short interest on Feb 29, 2024 was 1.62 million shares. There was a decline of -40.87%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 2.55% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.75.
The most recent change occurred on June 18, 2021 when Cowen resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $30.50.
