Buy Smith And Wesson Stock
There is likely some truth to the reasons Smith & Wesson gave for the miss, but they don't offer much reason to be optimistic about the stock in the near term. Firearm demand soared during the pandemic, a time of some civil unrest, and appears to now be normalizing at a lower level.
buy smith and wesson stock
Smith & Wesson has done a lot of work to streamline its operations and remain healthy during down cycles, but there isn't a clear catalyst up ahead. Investors should not assume the stock will blast higher once the smoke clears following earnings season.
In the past three months, Smith & Wesson Brands insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $40,880.00 in company stock.
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On the downside, the stock finds support just below today's level from accumulated volume at $11.01 and $10.81. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Smith & Wesson Brands, Inc. finds support just below today's level at $11.01. If this is broken, then the next support from accumulated volume will be at $10.81 and $10.39.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.530 between high and low, or 4.48%. For the last week, the stock has had daily average volatility of 2.34%.
The Smith & Wesson Brands, Inc. stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss:$11.83(-3.92%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 80 and this increases the risk substantially. There is a buy signal from a pivot bottom found 16 days ago.)
The current consensus among 3 polled investment analysts is to Buy stock in Smith & Wesson Brands Inc. This rating has held steady since March, when it was unchanged from a Buy rating.Move your mouse over pastmonths for detail
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Recently, gun maker Smith & Wesson (NASDAQ: SWBI) revealed its Q1-2023 earnings results. While this is vital to shareholders, its also useful information for everyone else because one of the greatest political barometers in the U.S. is gun sales. However, SWBIs earnings didnt please investors, causing the stock to fall in after-hours trading. The company posted Q1 earnings per share of $0.11, not as much as the $0.20 per share consensus. Additionally, it was a far cry from the $1.57 per share posted this time last year.
Firearm stocks had a strong year in 2020. Gun sales hit a record amid rising unrest and calls to defund the police. On January 6, 2021, another catalyst emerged for gun stocks. There was unrest and a riot in the U.S. Capitol Building as Congress counted the Electoral College votes.
Smith & Wesson stock shot up by 18.4 percent on Jan. 6. SWBI wasn't the only firearms manufacturer that saw its stock price rise. Other companies including Sturm Ruger, Vista Outdoor, and Olin Corporation also saw significant upward price action. The chaos at the U.S. Capitol triggered the sudden surge in these stocks. While Congress was counting the Electoral College votes, Trump supporters stormed the premises in a bid to overturn his election defeat. According to the police, four people died and 52 have been arrested.
Firearm and ammunition stocks had a good year in 2020 due to the COVID-19 pandemic, civil unrest, and calls to defund the police. Smith & Wesson stock gained more than 150 percent last year. Apart from the continued uncertainty, another catalyst for increasing gun and ammo sales in 2021 could be the Democratic party's win. Democrats favor gun control. Usually, whenever the Democratic Party is in control, there's a surge in firearm sales. Consumers get concerned that they need to buy guns now or miss the opportunity. There could be a surge in gun control, which benefits Smith & Wesson.
Smith & Wesson stock is listed on Nasdaq under the ticker symbol "SWBI." Investors can buy SWBI like any other stock. You just need to have a brokerage account and put in the buy order for the desired quantity of the stock.
Stocks: Real-time U.S. stock quotes reflect trades reported through Nasdaq only; comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes. International stock quotes are delayed as per exchange requirements. Fundamental company data and analyst estimates provided by FactSet. Copyright FactSet Research Systems Inc. All rights reserved. Source: FactSet
The stock jumped 14% Friday to close at $16.44, its biggest gain since June 2021, after fourth-quarter earnings per share from continuing operations came in at 82 cents, compared with the average analyst estimate of 67 cents. The weapons manufacturer also announced a 25% quarterly dividend boost to 10 cents per share.
Wednesday, December 7, 2022 - Smith & Wesson Brands Inc. (SWBI) reported downside earnings and revenues today.Smith & Wesson Brands Inc.'s earnings came in at an EPS of $0.26 per share, 35% lower than estimates for an EPS of $0.4 per share. The firm's earnings are down 77% since reporting $1.13 per share in the same period a year ago. Remember, earnings reported were on an adjusted basis, so they may not be comparable to prior reports and/or analyst estimates.Analyst projections for Smith & Wesson Brands Inc. revenue came in at a consensus of $145.4 million. Second-Quarter revenues missed estimates for $121 million by $24.4 million (17%). The company achieved negative 47% growth year-over-year compared to the firm's revenue of $230.5 million from the year-ago quarter. The lower earnings growth relative to revenue signals Smith & Wesson Brands Inc. has not been able to improve its profit margin. The stock is down 16.78% to $9.80 after the report.Smith & Wesson Brands Inc.'s profit margins took a hit as earnings fell at a faster pace than revenues.Wall Street Analysts had an average rating of Strong Buy on the stock prior to the report.Trading in the five days leading up to the report earned Smith & Wesson Brands Inc. a Bearish Sentiment Rank from InvestorsObserver.Prior to the report, InvestorsObserver gave the stock an overall score of 36. Meanwhile, the average Wall Street analyst rated the stock a Strong Buy.Smith & Wesson Brands Inc is a U.S.-based leader in firearm manufacturing. It operates under one reportable segment: Firearms, which includes firearms distributions and manufacturing services. The company manufactures handguns, long guns, sporting rifles, shooting gear, and suppressor products. The firm's brand portfolio consists of Smith and Wesson, M&P, Thompson/Center Arms, Performance Center, and Gemtech; which are used for defense, law enforcement, hunting, and sporting purposes. The company operates internationally, with the majority of income generated by the U.S. market from its handgun products.