Sportsman's Warehouse (NASDAQ:SPWH) Share Price Crosses Above 50 Day Moving Average - Here's What Happened


Sportsman's Warehouse (NASDAQ:SPWH) Share Price Crosses Above 50 Day Moving Average   - Here's What Happened

Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH - Get Free Report)'s stock price crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $2.40 and traded as high as $2.83. Sportsman's Warehouse shares last traded at $2.67, with a volume of 784,611 shares.

SPWH has been the subject of a number of research reports. Craig Hallum decreased their price target on Sportsman's Warehouse from $4.00 to $3.00 and set a "hold" rating for the company in a research note on Wednesday, September 4th. Lake Street Capital lowered their target price on Sportsman's Warehouse from $5.00 to $3.00 and set a "buy" rating on the stock in a report on Wednesday, September 4th. Roth Mkm cut their price target on shares of Sportsman's Warehouse from $5.00 to $3.50 and set a "buy" rating for the company in a report on Tuesday, September 10th. StockNews.com raised shares of Sportsman's Warehouse from a "sell" rating to a "hold" rating in a research note on Saturday, November 30th. Finally, Robert W. Baird cut their target price on shares of Sportsman's Warehouse from $4.00 to $2.50 and set a "neutral" rating for the company in a research note on Wednesday, September 4th. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Sportsman's Warehouse currently has an average rating of "Moderate Buy" and an average target price of $3.20.

Read Our Latest Stock Analysis on Sportsman's Warehouse

The business's 50 day simple moving average is $2.40 and its 200 day simple moving average is $2.44. The company has a market capitalization of $101.35 million, a PE ratio of -3.03 and a beta of 0.59. The company has a quick ratio of 0.07, a current ratio of 1.20 and a debt-to-equity ratio of 0.10.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. SkyView Investment Advisors LLC grew its holdings in shares of Sportsman's Warehouse by 5.3% during the third quarter. SkyView Investment Advisors LLC now owns 184,563 shares of the company's stock valued at $500,000 after buying an additional 9,332 shares in the last quarter. Barclays PLC boosted its position in Sportsman's Warehouse by 25,025.0% during the 3rd quarter. Barclays PLC now owns 38,190 shares of the company's stock worth $103,000 after acquiring an additional 38,038 shares during the period. Geode Capital Management LLC grew its stake in Sportsman's Warehouse by 2.4% during the 3rd quarter. Geode Capital Management LLC now owns 434,022 shares of the company's stock valued at $1,176,000 after acquiring an additional 10,058 shares in the last quarter. XTX Topco Ltd acquired a new position in shares of Sportsman's Warehouse in the 3rd quarter valued at about $107,000. Finally, Jane Street Group LLC lifted its position in shares of Sportsman's Warehouse by 16.6% in the third quarter. Jane Street Group LLC now owns 225,473 shares of the company's stock worth $611,000 after purchasing an additional 32,073 shares in the last quarter. 83.04% of the stock is currently owned by hedge funds and other institutional investors.

Sportsman's Warehouse Holdings, Inc, together with its subsidiaries, operates as an outdoor sporting goods retailer in the United States. It offers camping products, such as backpacks, camp essentials, canoes and kayaks, coolers, outdoor cooking equipment, sleeping bags, tents, and tools; and apparel products, including camouflage, jackets, hats, outerwear, sportswear, technical gear, and work wear.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].

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