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ROTH MKM gives a Buy recommendation for Sportsman’s Warehouse Holdings Inc (SPWH)

Sportsman’s Warehouse Holdings Inc’s recent filing unveils that its CFO AND SECRETARY White Jeffrey Justin acquired Company’s shares for reported $23000.0 on Oct 02 ’24. In the deal valued at $2.30 per share,10,000 shares were bought. As a result of this transaction, White Jeffrey Justin now holds 116,326 shares worth roughly $0.23 million.

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Then, Stone Paul bought 31,895 shares, generating $74,988 in total proceeds. Upon buying the shares at $2.35, the PRESIDENT AND CEO now owns 936,052 shares.

Before that, MCBEE RICHARD D bought 20,000 shares. Sportsman’s Warehouse Holdings Inc shares valued at $51,000 were divested by the Director at a price of $2.55 per share. As a result of the transaction, MCBEE RICHARD D now holds 205,608 shares, worth roughly $0.41 million.

ROTH MKM initiated its Sportsman’s Warehouse Holdings Inc [SPWH] rating to a Buy in a research note published on June 03, 2024; the price target was $5. Craig Hallum also remained covering SPWH and has decreased its forecast on April 13, 2023 with a “Hold” recommendation from previously “Buy” rating. B. Riley Securities started covering the stock on May 17, 2022. It rated SPWH as “a Buy”.

Price Performance Review of SPWH

On Monday, Sportsman’s Warehouse Holdings Inc [NASDAQ:SPWH] saw its stock jump 0.50% to $2.01. Over the last five days, the stock has lost -12.99%. Sportsman’s Warehouse Holdings Inc shares have fallen nearly -52.82% since the year began. Nevertheless, the stocks have fallen -61.71% over the past one year. While a 52-week high of $5.41 was reached on 01/02/24, a 52-week low of $1.81 was recorded on 08/14/24. SMA at 50 days reached $2.64, while 200 days put it at $2.84.

Levels Of Support And Resistance For SPWH Stock

The 24-hour chart illustrates a support level at 1.94, which if violated will result in even more drops to 1.87. On the upside, there is a resistance level at 2.14. A further resistance level may holdings at 2.27. The Relative Strength Index (RSI) on the 14-day chart is 30.45, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.26, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.93%. Stochastics %K at 2.49% indicates the stock is a buying.

How much short interest is there in Sportsman’s Warehouse Holdings Inc?

A steep rise in short interest was recorded in Sportsman’s Warehouse Holdings Inc stocks on 2024-10-31, dropping by -0.25 million shares to a total of 1.06 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 1.31 million shares. There was a decline of -23.79%, which implies that there is a negative sentiment for the stock.

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