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Tuesday, March 21, 2023

Is Smith & Wesson Brands Inc. (NASDAQ: SWBI) Still On The Rise?

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Smith & Wesson Brands Inc. (SWBI) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.22, or 2.04%, to $10.98. The Smith & Wesson Brands Inc. has recorded 10,990 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Smith & Wesson Brands, Inc. Reports Third Quarter Fiscal 2023 Financial Results.


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Stocks Info

This NASDAQ-listed company operates within the Aerospace & Defense industry segment, falling under the Industrials sector. At the end of the last regular session, the stock closed at $10.76 and fluctuated between $10.94 as its day high and $10.59 as its day low. The current market capitalization of Smith & Wesson Brands Inc. is $465.26M. A total of 1.18 million shares were traded on the day, compared to an average of 624.63K shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, SWBI has seen 0 BUY and 3 SELL insider trades, representing the acquisition of 0 and the disposition of 12,000 shares. Over the last 12 months, there were 13 BUYs and 22 SELLs from insiders. Insiders purchased 199,625 shares during that period but sold 42,810.

In the most recent transaction, SCOTT ROBERT L sold 4,000 shares of SWBI for 10.88 per share on Feb 15. After the transaction, the Director now owns 75,073 company shares. In a previous transaction on Jan 17, SCOTT ROBERT L sold 4,000 shares at 10.22 per share. SWBI shares that Director owns now total 79,073.

Among the insiders who sold shares, SCOTT ROBERT L disposed of 4,000 shares on Dec 15 at a per-share price of $8.87. This resulted in the Director holding 83,073 shares of SWBI after the transaction. In another insider transaction, SCOTT ROBERT L sold 3,500 shares at $11.83 per share on Nov 15. Company shares held by the Director now total 87,073.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Smith & Wesson Brands Inc. pays an annual dividend of $0.40, resulting in a dividend yield of 3.72%, and it has a price to earnings (P/E) ratio of 6.28. SWBI’s most recent ex-dividend date was 3/15/2023 when it declared a $0.10 quarterly dividend that was paid in cash on 3/30/2023. Previously, the company paid the dividend on 1/3/2023 with an ex-dividend date of 12/19/2022. The SWBI stock dividend was $0.10 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for SWBI in the last 3 months, the mean price target is $15.17 with high estimates of $20.00 and low estimates of $12.00. In terms of 52-week highs and lows, SWBI has a high of $16.97 and a low of $8.20.

As of this writing, SWBI has an earnings estimate of $0.22 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of $0.27 per share and a lower estimate of $0.17. The company reported an EPS of $0.07 in the last quarter, which was -79.40% lower than expectations of $0.34.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 3 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for SWBI is Buy with a score of 5.00. A total of 2 analysts rated the stock as Buy while 0 rated it as Overweight while 1 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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