No headlines found.
OneWater Marine Inc. Announces Fiscal First Quarter 2024 Results
Globe Newswire (Thu, 1-Feb 7:00 AM ET)
Globe Newswire (Thu, 18-Jan 7:00 AM ET)
OneWater Marine Inc is a recreational marine retailer in the United States. The company operates in two segment- Dealerships and Distribution. Its dealer groups are located throughout the Southeast, Gulf Coast, Mid-Atlantic, and Northeast. The company's revenue profile is comprised of new boat sales, pre-owned boat sales, finance and insurance products, repair and maintenance services, and parts and accessories. Majority of revenue is generated from sale of new boats.
Onewater Marine - Class A trades on the NASDAQ stock market under the symbol ONEW.
As of March 28, 2024, ONEW stock price climbed to $28.15 with 67,884 million shares trading.
ONEW has a beta of 2.41, meaning it tends to be more sensitive to market movements. ONEW has a correlation of 0.30 to the broad based SPY ETF.
ONEW has a market cap of $409.42 million. This is considered a Small Cap stock.
Last quarter Onewater Marine - Class A reported $364 million in Revenue and -$.38 earnings per share. This fell short of revenue expectation by $-577,000 and missed earnings estimates by -$.11.
In the last 3 years, ONEW stock traded as high as $62.79 and as low as $21.78.
The top ETF exchange traded funds that ONEW belongs to (by Net Assets): IWM, VTI, VXF, IWN, BSVO.
ONEW has underperformed the market in the last year with a return of +9.6%, while the SPY ETF gained +33.6%. In the last 3 month period, ONEW fell short of the market, returning -18.9%, while SPY returned +10.1%. However, in the most recent 2 weeks ONEW has outperformed the stock market by returning +13.6%, while SPY returned +1.7%.
ONEW support price is $26.12 and resistance is $27.70 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ONEW stock will trade within this expected range on the day.