On May 23, 2023, Jeffrey Lamkin, a board member at OneWater Marine, made a Form 4 filing with the SEC, declaring the sale of 51,684 shares of the company’s stock. The total value of the transaction was $1,461,495. As of May 26, 2023, OneWater Marine shares are being traded at $27.7, which represents a 0.43% decrease from the time of the sale.
It is worth noting that insider transactions, such as the one made by Lamkin, can be a crucial factor for investors to consider. However, they should not be the sole basis for making investment decisions. While insider purchases indicate that the stock is expected to rise, insider sales can be made for various reasons and do not necessarily imply a negative outlook on the company’s future.
Investors are advised to focus on transactions that occur in the open market, as indicated in Table I of the Form 4 filing. In this table, a “P” in Box 3 denotes a purchase, while an “S” indicates a sale. Additionally, transaction code “C” indicates the conversion of an option, while transaction code “A” suggests that the insider might have been compelled to sell shares to receive compensation promised upon joining the company.
ONEW Stock Analysis: Market Capitalization, Earnings Growth, and Undervaluation
On May 26, 2023, ONEW stock opened at 27.55, a decrease of 1.22% from the previous day’s closing price of 27.89. Throughout the day, the stock traded in a narrow range between 27.55 and 27.82. The volume of shares traded was relatively low, with only 260 shares changing hands, compared to the average volume of 113,232 shares over the past three months.
ONEW has a market capitalization of $436.0M. The company’s earnings growth last year was 32.33%, but this year’s earnings growth has decreased by 22.65%. No data is available for the company’s earnings growth over the next five years.
Despite the decrease in earnings growth this year, ONEW’s revenue growth last year was 42.06%. The company has a low P/E ratio of 3.8, indicating that the stock may be undervalued relative to its earnings. The price/sales ratio of 0.25 and price/book ratio of 1.02 also suggest that the stock may be undervalued.
ONEW operates in the specialty stores industry, but no competitors’ data is available. The company’s net profit margin is 7.50%, which is relatively low compared to other companies in the retail trade sector.
ONEW is scheduled to report its next earnings on August 3, 2023, with an EPS forecast of $3.25 for this quarter. The company’s annual revenue last year was $1.7B, with an annual profit of $130.9M.
In conclusion, ONEW’s stock performance on May 26, 2023, was relatively stable, with a slight decrease in the opening price. The company’s earnings growth has decreased this year, but its revenue growth remains strong. The low P/E ratio, price/sales ratio, and price/book ratio suggest that the stock may be undervalued. However, the lack of competitor data makes it difficult to assess ONEW’s performance relative to its peers in the specialty stores industry. Investors should keep an eye on the company’s next earnings report to get a better understanding of its financial performance.
OneWater Marine Inc (ONEW) Stock Predicted to Increase by 29.68%: CNN Money Analysis
On May 26, 2023, OneWater Marine Inc (ONEW) stock had a median target price of $36.00, according to data from CNN Money. This represents a +29.68% increase from the last price of $27.76. The high estimate for the stock price was $42.00, while the low estimate was $28.00. This information was provided by 7 analysts who offered 12-month price forecasts for the company.
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