Ready to Jump After Recent Trade: OneSpaWorld Holdings Limited (OSW)

OneSpaWorld Holdings Limited (NASDAQ: OSW) stock jumped 0.28% on Thursday to $10.83 against a previous-day closing price of $10.80. With 0.5 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.6 million shares. During the session, the Leisure company that operates in wider Consumer Cyclical sector, reached to the highest price of $10.86 whereas the lowest price it dropped to was $10.72. The 52-week range on OSW shows that it touched its highest point at $13.00 and its lowest point at $6.80 during that stretch. It currently has a 1-year price target of $15.00. Beta for the stock currently stands at 1.91.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of OSW was up-trending over the past week, with a rise of 0.84%, but this was down by -7.75% over a month. Three-month performance dropped to -12.17% while six-month performance rose 7.87%. The stock gained 21.41% in the past year, while it has gained 16.08% so far this year. A look at the trailing 12-month EPS for OSW yields 0.46 with Next year EPS estimates of 0.63. For the next quarter, that number is 0.13. This implies an EPS growth rate of 173.50% for this year and 18.68% for next year.

Float and Shares Shorts:

At present, 93.42 million OSW shares are outstanding with a float of 41.17 million shares on hand for trading. On Apr 27, 2023, short shares totaled 3.1 million, which was 3.20% higher than short shares on Mar 30, 2023. In addition to Mr. Leonard I. Fluxman as the firm’s CEO, Pres & Exec. Chairman, Mr. Stephen B. Lazarus serves as its COO & CFO.

Institutional Ownership:

Other institutions hold 67.92% of OSW, in contrast to 29.09% held by mutual funds. Shares owned by individuals account for 15.55%. As the largest shareholder in OSW with 17.32% of the stake, Ariel Investments LLC holds 13,780,105 shares worth 13,780,105. A second-largest stockholder of OSW, Select Equity Group LP, holds 7,372,571 shares, controlling over 9.27% of the firm’s shares. Templeton Investment Counsel LLC is the third largest shareholder in OSW, holding 4,628,260 shares or 5.82% stake. With a 1.89% stake in OSW, the Fidelity Comwlth. Tr. – Small Cap is the largest stakeholder. A total of 1,500,000 shares are owned by the mutual fund manager. The Templeton Global Smaller Companie, which owns about 1.86% of OSW stock, is the second-largest Mutual Fund holder. It holds 1,478,293 shares valued at 17.74 million. iShares Russell 2000 ETF holds 1.75% of the stake in OSW, owning 1,391,379 shares worth 16.7 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, OSW reported revenue of $127.38M and operating income of $1.02M. The EBITDA in the recently reported quarter was $6.26M and diluted EPS was $0.46.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for OSW since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With OSW analysts setting a high price target of $20.00 and a low target of $13.00, the average target price over the next 12 months is $15.25. Based on these targets, OSW could surge 84.67% to reach the target high and rise by 20.04% to reach the target low. Reaching the average price target will result in a growth of 40.81% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Summary of Insider Activity:

Insiders traded OSW stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 18 while that of sell transactions has risen to 34 over the past year. The total number of shares bought during that period was 729,698 while 902,015 shares were sold.

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