While Leslies Inc has overperformed by 0.91%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, LESL fell by -58.14%, with highs and lows ranging from $11.68 to $4.16, whereas the simple moving average fell by -29.17% in the last 200 days.
On March 19, 2024, Mizuho started tracking Leslies Inc (NASDAQ: LESL) recommending Neutral. A report published by Telsey Advisory Group on November 29, 2023, Reiterated its previous ‘Market Perform’ rating for LESL. Goldman also Downgraded LESL shares as ‘Neutral’, setting a target price of $5 on the company’s shares in a report dated November 29, 2023. Loop Capital July 18, 2023d the rating to Hold on July 18, 2023, and set its price target from $16 to $6. Jefferies July 17, 2023d its ‘Buy’ rating to ‘Hold’ for LESL, as published in its report on July 17, 2023. Piper Sandler also rated the stock as ‘Neutral’.
Analysis of Leslies Inc (LESL)
Further, the quarter-over-quarter decrease in sales is -10.84%, showing a negative trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Leslies Inc’s future performance, with equity being one of the most critical indicators. Taking into account the quick ratio of the company, currently set at 0.28, 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.
As an indicator of volatility for any stock, average volume can also be very valuable, and LESL is recording an average volume of 3.05M. On a monthly basis, the volatility of the stock is set at 6.57%, whereas on a weekly basis, it is put at 5.64%, with a loss of -3.05% over the past seven days. Furthermore, long-term investors anticipate a median target price of $6.80, showing growth from the present price of $4.45, which can serve as yet another indication of whether LESL is worth investing in or should be passed over.
How Do You Analyze Leslies Inc Shares?
Leslies Inc (LESL) is based in the USA and is one of the most prominent companies operating in the Specialty Retail market. When comparing Leslies 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 46.50, there is a growth in quarterly earnings of -30.08%.
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. 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 4.66%. 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 114.16% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
LESL shares are owned by institutional investors to the tune of 114.16% at present.
