Sportsman’s Warehouse (NASDAQ:SPWH) Stock Price Crosses Below 200 Day Moving Average – What’s Next?

Shares of Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.28 and traded as low as $1.03. Sportsman’s Warehouse shares last traded at $1.11, with a volume of 849,339 shares traded.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on SPWH. StockNews.com upgraded Sportsman’s Warehouse from a “sell” rating to a “hold” rating in a research report on Saturday, November 30th. B. Riley upgraded Sportsman’s Warehouse from a “neutral” rating to a “buy” rating and upped their price target for the company from $2.00 to $4.00 in a research report on Wednesday, December 11th. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $3.20.

Sportsman’s Warehouse Price Performance

The business has a 50-day simple moving average of $1.82 and a 200 day simple moving average of $2.28. The stock has a market cap of $42.13 million, a P/E ratio of -1.26 and a beta of 0.53. The company has a current ratio of 1.20, a quick ratio of 0.06 and a debt-to-equity ratio of 0.10.

Sportsman’s Warehouse (NASDAQ:SPWH) last released its quarterly earnings results on Tuesday, December 10th. The company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.09. Sportsman’s Warehouse had a negative return on equity of 11.72% and a negative net margin of 2.69%. On average, analysts forecast that Sportsman’s Warehouse Holdings, Inc. will post -0.65 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. R Squared Ltd acquired a new position in shares of Sportsman’s Warehouse in the 4th quarter valued at about $33,000. Balyasny Asset Management L.P. acquired a new position in Sportsman’s Warehouse during the 4th quarter worth approximately $33,000. Mink Brook Asset Management LLC acquired a new position in Sportsman’s Warehouse during the 4th quarter worth approximately $41,000. Greenwood Gearhart Inc. acquired a new position in Sportsman’s Warehouse during the 4th quarter worth approximately $85,000. Finally, Barclays PLC raised its stake 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 buying an additional 38,038 shares during the period. 83.04% of the stock is owned by institutional investors and hedge funds.

About Sportsman’s Warehouse

Sportsman’s Warehouse Holdings, Inc engages in the retail of sporting and athletic goods. Its products include hunting and shooting, archery, fishing, camping, boating accessories, optics and electronics, knives and tools, and footwear. The company was founded in 1986 and is headquartered in West Jordan, UT.