Why Smith & Wesson Holding Corporation (NASDAQ:SWHC) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $32.500 on Smith & Wesson Holding Corporation (NASDAQ:SWHC) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $2.480 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Smith & Wesson Holding Corporation (NASDAQ:SWHC) stands at 13.989.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Smith & Wesson Holding Corporat, the PEG ratio for coming 3-5 years is 0.750.

Technical Analysis

The technical analysis highlights that Smith & Wesson Holding Corporat current is trading $-1.376 points away or -4.711% from its 50-day moving average of $29.201. Further it is trading $1.907 or +7.357% away its 200-day moving average of $25.918.

The 52-week high of Smith & Wesson Holding Corporation (NASDAQ:SWHC) was $31.190 while lowest point recorded in 52-week was $16.330. It implies if stock price makes a movement of over $-3.365, it will record a new 52-week high. In the case of +70.392% drop, it will touch a new 52-week low.

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