why Leslies Inc [LESL] is a Good Choice for Investors After New Price Target of $3.53

Leslies Inc [NASDAQ: LESL] surged by $0.08 during the normal trading session on while it closed the day at $2.91.

Leslies Inc stock has also gained 1.04% of its value over the past 7 days. However, LESL stock has declined by -3.96% in the 3 months of the year. Over the past six months meanwhile, it has lost -39.25% and lost -57.89% year-on date.

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The market cap for LESL stock reached $566.10 million, with 184.33 million shares outstanding and 176.99 million shares in the current float. Compared to the average trading volume of 4.71M shares, LESL reached a trading volume of 5268109 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Leslies Inc [LESL]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for LESL shares is $3.53 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on LESL stock is a recommendation set at 2.83. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Telsey Advisory Group have made an estimate for Leslies Inc shares, keeping their opinion on the stock as Market Perform, with their previous recommendation back on July 18, 2024. While these analysts kept the previous recommendation, Stifel dropped their target price from $5.25 to $2.50. The new note on the price target was released on July 18, 2024, representing the official price target for Leslies Inc stock. Previously, the target price had yet another raise to $7, while Mizuho analysts kept a Neutral rating on LESL stock. On November 29, 2023, analysts decreased their price target for LESL shares from 7.50 to 6.

The Average True Range (ATR) for Leslies Inc is set at 0.19, with the Price to Sales ratio for LESL stock in the period of the last 12 months amounting to 0.41. Price to Free Cash Flow for LESL in the course of the last twelve months was 5.95 with Quick ratio for the last quarter at 0.54.

LESL stock trade performance evaluation

Leslies Inc [LESL] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.04. With this latest performance, LESL shares gained by 3.93% in over the last four-week period, additionally sinking by -39.25% over the last 6 months – not to mention a drop of -43.27% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for LESL stock in for the last two-week period is set at 54.14, with the RSI for the last a single of trading hit 57.43, and the three-weeks RSI is set at 51.65 for Leslies Inc [LESL]. The present Moving Average for the last 50 days of trading for this stock 2.83, while it was recorded at 2.83 for the last single week of trading, and 4.61 for the last 200 days.

Leslies Inc [LESL]: An insightful look at the core fundamentals

Leslies Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.54 and a Current Ratio set at 1.60.

Earnings per share (EPS) analysis for Leslies Inc [LESL] stock

With the latest financial reports released by the company, Leslies Inc posted 0.14/share EPS, while the average EPS was predicted by analysts to be reported at 0.18/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -0.04. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for LESL. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Leslies Inc go to 10.72%.

Leslies Inc [LESL]: Institutional Ownership

There are presently around $117.79%, or 123.96%% of LESL stock, in the hands of institutional investors. The top three institutional holders of LESL stocks are: ARIEL INVESTMENTS, LLC with ownership of 36.6 million shares, which is approximately 19.8247%. BLACKROCK INC., holding 28.53 million shares of the stock with an approximate value of $$119.54 million in LESL stocks shares; and BLACKROCK INC., currently with $$98.29 million in LESL stock with ownership which is approximately 12.7061%.

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