While Marinemax, Inc. has underperformed by -6.43%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, HZO rose by 0.77%, with highs and lows ranging from $42.88 to $25.60, whereas the simple moving average fell by -15.98% in the last 200 days.
On October 23, 2023, B. Riley Securities Upgraded Marinemax, Inc. (NYSE: HZO) to Buy. A report published by B. Riley Securities on July 28, 2023, Downgraded its rating to ‘Neutral’ for HZO. B. Riley Securities February 21, 2023d the rating to Buy on February 21, 2023, and set its price target from $53 to $52. Stifel initiated its ‘Buy’ rating for HZO, as published in its report on December 15, 2022. B. Riley Securities’s report from June 21, 2022 suggests a price prediction of $44 for HZO shares, giving the stock a ‘Neutral’ rating. DA Davidson also rated the stock as ‘Buy’.
Analysis of Marinemax, Inc. (HZO)
Further, the quarter-over-quarter increase in sales is 3.81%, showing a positive trend in the upcoming months.
Marinemax, Inc.’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. The goal here is to ensure that your current return on equity of 10.42% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.35, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
The average volume for any stock is also a very valuable indicator of volatility, and HZO has an average volume of 317.62K. On a monthly basis, the volatility of the stock is set at 4.22%, whereas on a weekly basis, it is put at 4.87%, with a loss of -10.28% over the past seven days. Furthermore, long-term investors anticipate a median target price of $36.86, showing growth from the present price of $27.50, which can serve as yet another indication of whether HZO is worth investing in or should be passed over.
How Do You Analyze Marinemax, Inc. Shares?
Specialty Retail giant Marinemax, Inc. (HZO) is based in the USA and is one of the largest companies in the market. When comparing Marinemax, Inc. shares with other companies under Consumer Cyclical, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 6.82, there is a growth in quarterly earnings of -95.46%.
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 11.86%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 84.67% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
HZO shares are owned by institutional investors to the tune of 84.67% at present.
