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Monday, June 5, 2023

Is MarineMax Inc. (NYSE: HZO) 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 MarineMax Inc. (HZO) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.30, or -1.07%, to $27.70. The MarineMax Inc. has recorded 6,137 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted MarineMax Reports Fiscal 2023 Second Quarter Results.

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Stocks Info

This NYSE-listed company operates within the Specialty Retail industry segment, falling under the Consumer Cyclical sector. At the end of the last regular session, the stock closed at $28.00 and fluctuated between $28.83 as its day high and $27.76 as its day low. The current market capitalization of MarineMax Inc. is $579.88M. A total of 0.59 million shares were traded on the day, compared to an average of 539.13K shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, HZO has seen 0 BUY and 4 SELL insider trades, representing the acquisition of 0 and the disposition of 25,579 shares. Over the last 12 months, there were 42 BUYs and 35 SELLs from insiders. Insiders purchased 242,933 shares during that period but sold 116,922.

In the most recent transaction, Moore Clint sold 5,000 shares of HZO for 33.07 per share on Mar 01. After the transaction, the Director now owns 20,500 company shares. In a previous transaction on Feb 24, Cashman Charles A sold 10,000 shares at 34.92 per share. HZO shares that EVP & Chief Revenue Officer owns now total 35,499.

Among the insiders who sold shares, White Rebecca disposed of 5,579 shares on Feb 15 at a per-share price of $31.25. This resulted in the Director holding 17,172 shares of HZO after the transaction. In another insider transaction, Cassella Anthony E. Jr. sold 5,000 shares at $31.02 per share on Feb 08. Company shares held by the VP & Chief Accounting Officer now total 8,060.

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 HZO in the last 3 months, the mean price target is $36.00 with high estimates of $48.00 and low estimates of $30.00. In terms of 52-week highs and lows, HZO has a high of $45.84 and a low of $25.60.

As of this writing, HZO has an earnings estimate of $2.3 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of $2.65 per share and a lower estimate of $1.82. The company reported an EPS of $1.24 in the last quarter, which was -19.00% lower than expectations of $1.53.

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. HZO’s latest balance sheet shows that the firm has $222.19M in Cash & Short Term Investments as of fiscal 2021. There were $182.55M in debt and $251.09M in liabilities at the time. Its Book Value Per Share was $37.33, while its Total Shareholder’s Equity was $594.89M.

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, 9 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 HZO is Overweight with a score of 4.57. A total of 6 analysts rated the stock as Buy while 1 rated it as Overweight while 2 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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