Sportsman’s Warehouse (NASDAQ:SPWH) Stock Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $1.99 and traded as low as $1.33. Sportsman’s Warehouse shares last traded at $1.39, with a volume of 370,358 shares traded.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on SPWH shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of Sportsman’s Warehouse in a research note on Monday, December 29th. Robert W. Baird decreased their price target on Sportsman’s Warehouse from $3.50 to $2.00 and set a “neutral” rating for the company in a report on Friday, December 5th. Wall Street Zen raised shares of Sportsman’s Warehouse from a “sell” rating to a “hold” rating in a research report on Saturday, January 3rd. Finally, Roth Mkm dropped their price objective on shares of Sportsman’s Warehouse from $4.25 to $2.25 and set a “buy” rating on the stock in a research note on Friday, December 5th. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $2.95.

Sportsman’s Warehouse Stock Up 5.3%

The firm has a 50 day moving average price of $1.34 and a two-hundred day moving average price of $1.99. The company has a quick ratio of 0.06, a current ratio of 1.20 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $53.49 million, a price-to-earnings ratio of -1.43 and a beta of 0.60.

Institutional Investors Weigh In On Sportsman’s Warehouse

A number of hedge funds have recently bought and sold shares of SPWH. Dynamic Technology Lab Private Ltd purchased a new stake in Sportsman’s Warehouse during the 4th quarter worth approximately $41,000. SBI Securities Co. Ltd. grew its position in shares of Sportsman’s Warehouse by 158,500.0% during the fourth quarter. SBI Securities Co. Ltd. now owns 31,720 shares of the company’s stock worth $46,000 after buying an additional 31,700 shares in the last quarter. Prudential Financial Inc. acquired a new stake in shares of Sportsman’s Warehouse during the second quarter worth approximately $56,000. Centiva Capital LP bought a new stake in shares of Sportsman’s Warehouse in the third quarter worth $63,000. Finally, Greenwood Gearhart Inc. increased its stake in shares of Sportsman’s Warehouse by 47.9% in the fourth quarter. Greenwood Gearhart Inc. now owns 82,682 shares of the company’s stock worth $121,000 after buying an additional 26,785 shares during the last quarter. Institutional investors and hedge funds own 83.04% of the company’s stock.

About Sportsman’s Warehouse

Sportsman’s Warehouse, Inc (NASDAQ: SPWH) operates as a specialty retailer of hunting, shooting, fishing, camping and related outdoor sports equipment in the United States. The company’s brick-and-mortar footprint comprises over 100 retail locations across more than 20 states, complemented by an e-commerce platform that serves anglers and outdoorsmen nationwide. By focusing on core outdoor activities, Sportsman’s Warehouse delivers a comprehensive shopping experience for enthusiasts of all skill levels.

The retailer’s product assortment includes firearms and ammunition, archery gear, fishing tackle and boats, camping supplies, outdoor apparel and footwear, water sports equipment and pet supplies.