(ONEW) Onewater Marine - Ratings and Ratios

OneWater Marine Inc. is a prominent player in the US recreational marine retail industry, offering a diverse range of products and services, including new and pre-owned boats and yachts, marine parts and accessories, repair and maintenance services, and ancillary services such as storage and marina services. The companys comprehensive suite of services also includes arranging financing, insurance, and extended service contracts for customers, as well as renting boats and personal watercraft.

With its headquarters in Buford, Georgia, OneWater Marine has established itself as a significant entity in the industry since its founding in 2014. The companys business model is designed to cater to the diverse needs of its customers, providing a one-stop-shop for all their marine requirements. By offering a broad range of products and services, OneWater Marine is well-positioned to capitalize on the growing demand for recreational marine products and services.

From a technical analysis perspective, the stocks current price of $15.67 is above its 20-day and 50-day simple moving averages (SMA) of $13.72 and $15.04, respectively, indicating a short-term bullish trend. However, the stocks 200-day SMA of $19.46 suggests that it is still below its long-term trend. The average true range (ATR) of 1.30, representing 8.27% of the current price, indicates moderate volatility. Given the current technical setup, a potential price target could be the 52-week high of $31.18, although this would require a significant improvement in the companys fundamental performance.

Examining the fundamental data, OneWater Marines market capitalization stands at $274.49 million. The absence of a price-to-earnings (P/E) ratio, both current and forward, suggests that the company is currently unprofitable. The return on equity (RoE) of -1.88% further reinforces this notion, indicating that the company is generating negative returns on shareholder equity. To improve its valuation, the company needs to demonstrate a clear path to profitability. If OneWater Marine can achieve this, its market capitalization could potentially increase, driving the stock price higher.

Combining the technical and fundamental analysis, a forecast for OneWater Marines stock price could be constructed. Assuming the company can address its profitability concerns and improve its RoE, a potential price target could be $25-$30 in the next 12-18 months, representing a 60-90% increase from the current price. However, this would require significant improvements in the companys financial performance, including a return to profitability and sustained revenue growth. Until then, the stock is likely to remain volatile, with its price influenced by broader market trends and the companys progress in addressing its fundamental challenges.