Last Updated: 16 Sep 2024
Executive Summary
Sportsmans (SPWH) is a publicly traded company that operates as an outdoor sporting goods retailer in the United States. The company's latest stock price is $2.91, and it has a market capitalization of $110.9 million. Sportsmans has been facing challenges in recent quarters, with declining revenue and earnings. However, the company's fundamentals remain strong, and analysts have a positive long-term outlook for the stock.
Company Overview
Sportsmans was founded in 1986 and is headquartered in West Jordan, Utah. The company operates over 100 stores in 26 states. Sportsmans sells a wide range of outdoor sporting goods, including hunting, fishing, camping, and hiking gear. The company also offers a variety of services, such as gunsmithing, archery lessons, and fishing clinics.
Fundamental Analysis
Sportsmans' financial performance has been mixed in recent years. The company's revenue has declined in each of the past three quarters. In the most recent quarter, Sportsmans reported a net loss of $9.1 million, or $0.91 per share. This was a significant decline from the same quarter last year, when the company reported a net income of $3.1 million, or $0.32 per share.
Despite the recent challenges, Sportsmans' fundamentals remain strong. The company has a strong balance sheet with no long-term debt. Sportsmans also has a loyal customer base and a well-established brand.
Technical Analysis
Sportsmans' stock price has been in a downtrend in recent months. The stock has broken below its 50-day and 200-day moving averages. This indicates that the stock is in a bearish trend. However, the stock has recently found support at the $2.90 level. If the stock can hold above this level, it could be a sign that the downtrend is coming to an end.
Short Term Outlook
In the short term, Sportsmans' stock price is likely to remain volatile. The company is facing challenges in the current economic environment, and its financial performance is expected to remain weak in the near term. However, the stock could see a rebound if the company can improve its sales and earnings.
Long Term Outlook
In the long term, Sportsmans has a positive outlook. The company has a strong brand and a loyal customer base. The outdoor sporting goods market is also expected to grow in the coming years. As a result, Sportsmans is well-positioned to capitalize on this growth and deliver long-term value to its shareholders.
Analyst Recommendations
Analysts have a positive long-term outlook for Sportsmans. The average analyst target price for the stock is $2.80, which is above the current price of $2.91. Two analysts have a "buy" rating on the stock, while three analysts have a "hold" rating. No analysts have a "sell" rating on the stock.
